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Türkçe0x Protocol Information
0x Protocol is a decentralized exchange infrastructure that facilitates the trading of cryptocurrencies and tokens on the Ethereum blockchain. It aims to enable low-friction, peer-to-peer exchange by providing an open protocol that developers can integrate into their applications. The platform focuses on offering a flexible framework that supports various use cases, including decentralized exchanges and liquidity aggregation.
Understanding 0x Protocol: An Overview
0x Protocol, represented by the symbol ZRX, is a decentralized exchange framework designed to facilitate the peer-to-peer exchange of assets on the Ethereum blockchain. Launched in 2017, 0x aims to make the process of trading tokens simpler, cheaper, and more efficient by using smart contracts to execute trades.
Advantages of 0x Protocol
One of the standout features of 0x Protocol is its ability to support the decentralized exchange of ERC20 tokens, which has expanded its utility across various dApps (decentralized applications). By reducing the need for a centralized intermediary, 0x provides reduced transaction fees and increased security for traders. Its open-source nature allows for transparency and has attracted a community of developers keen on optimizing and building on its infrastructure.
Challenges Facing 0x Protocol
Despite its benefits, 0x faces some hurdles. The cryptocurrency market's volatility means that even projects with strong fundamentals are subject to significant price swings. Furthermore, competition from other decentralized exchanges and protocol solutions remains fierce, requiring constant innovation. Scalability and network congestion issues on the Ethereum blockchain also pose potential obstacles for the project's growth.
Historical Performance
0x Protocol has experienced a rollercoaster journey since its inception. The Coin's all-time high (ATH) was recorded at $2.50 on January 13, 2018, reflecting the market excitement following its launch. However, like many other cryptocurrencies, 0x saw a substantial drop from its ATH and traded as low as $0.120667 on March 13, 2020. Despite this decline, it has demonstrated resilience with a significant recovery, showing an increase of 181.80% from its all-time low.
Future Prospects for 0x Protocol
The future for 0x Protocol looks promising, but it remains contingent on several factors. As decentralized finance (DeFi) continues to grow, support for scalable and efficient token exchanges like 0x is likely to increase. Constant developments and updates to the protocol could enhance its appeal and function, potentially attracting more users and developers. The evolving regulatory environment will also play a crucial role in shaping the future of 0x and the entire DeFi landscape.
Conclusion
0x Protocol has established itself as a key player in the decentralized exchange ecosystem. While it faces challenges from market competition and the broader crypto environment, its unique value proposition, coupled with potential improvements in blockchain technology and regulatory environments, could provide paths for future growth. For investors and developers alike, 0x represents an enticing opportunity within the ever-expanding universe of decentralized finance.
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General Information |
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Title
0x Protocol
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Symbol
zrx
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Whitepaper
-
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Website
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Community
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
0.473079
$
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High 24h
0.487738
$
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Low 24h
0.445296
$
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Price Change 24h
0.01065649
$
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Price Change % 24h
2.30449
%
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Market Data |
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Market Cap
401268024
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Total Volume
69832723
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Market Cap Change 24h
8727052
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Market Cap Change % 24h
2.22322
%
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Return on Investment (ROI)
885.58174936393
%
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Supply and Availability |
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Circulating Supply
848396562.90684
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Total Supply
1000000000
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Max Supply
1000000000
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Historical Data |
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All Time High (ATH)
2.5
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ATH Change %
-80.95584
%
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ATH Date
2018-01-13 00:00
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All Time Low (ATL)
0.120667
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ATL Change %
294.07867
%
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ATL Date
2020-03-13 02:27
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