Swap 0x Protocol Token (ZRX) Instantly

ZRX was made available to the public for trading in 2017 which coincided with the Bitcoin bull run. ZRX price shot up rapidly and it reached a peak of $2.53 on 9 January 2018. Correction took place taking the 0x price to $0.39 in March. Fortunately, another rally helped ZRX price to almost reach two dollars in May the same year. This time bears stayed longer than expected and ZRX price continued to drop in the next year (2019). 0x price opened 2020 at $0.19, a few ups and downs later, ZRX price rose to $0.40 by July.

A few more years ahead, ZRX price will be reaching new heights. By 2025 0x price will be around $6. 0x is powering a decentralized exchange to swap tokens on Ethereum contributing to the interoperability. With more and more people using DEX to swap tokens, ZRX price will also increase in the long run.

0x is an open-source platform launched in 2016 with aims to create markets for the growing number of tokens on the blockchain. It is essentially a decentralized exchange for the tokens on Ethereum blockchain eliminating the need for the third parties. 0x works similar to the SWIFT, but on the blockchain with 0x messages and smart contracts. While messages store the information like the type of token and value of the transaction, smart contracts take care of processing the transactions.

Relayers play a crucial role in the 0x protocol. They broadcast the orders of the makers and drive the takers to conduct the trades on the platform. ZRX is the native token of the 0x protocol and it is used to pay a fee to the Relayers. Akin to other cryptocurrencies, ZRX can be traded against other cryptocurrencies. On the whole, 0x protocol is driving the interoperability of the decentralized applications.