0x is a prominent decentralized exchange (DEX) that exists on many blockchains and allows the exchange of various tokenized assets including NFTs. When the DEX was created by Will Warren and Amir Bandeali in 2016, it was solely available on the Ethereum network and only permitted the exchange of ERC-20 tokens. Since then, 0x has grown a lot and become one of the leading DEXes in the scene of DeFi.
0x is a liquidity aggregation platform, which means that it pools liquidity from a lot of sources to find the bes t price and fee for users. It employs the cutting-edge paradigm of off-chain relay and on-chain settlement so the system is incredibly efficient in terms of time, money, and computing power.
The DEX also supports the creation and liquidity providing of any token exchange, making it stand at the forefront of the decentralization movement.
At the center of the 0x DEX is the ZRX token. It serves as a utility token as well as a governance one. Regarding utility, ZRX is used to reward those who host and maintain order books on the exchange.
The total maximum supply of ZRX is 1 billion. The circulating supply of ZRX is 847.5 million.
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