Over the past four years, we have launched 0x Protocol v4 and 0x Swap API v1 to provide DeFi developers with a fast, simple and reliable way to easily access aggregated decentralized exchange (DEX) liquidity . Since its launch, 0x has helped more than 500 teams easily access more than 130 exchanges, spanning 9 chains, facilitating more than $154 billion in transaction volume and completing more than 60 million transactions. As Web3 continues to evolve, the critical service tools we rely on must evolve with it.
1. Web3 Liquidity Challenges
As on-chain liquidity becomes more decentralized and more tokens, DEXs, and chains emerge, the problem of routing value in Web3 becomes more complex. At this time, the project is evolving into a more mature business model, which requires that the exchange function must be considered holistically, including security, reliability, monetization, and compliance. Considering the growing business needs of Web3, it is obvious that DEX aggregation technology needs to evolve to provide the best exchange product.
2. 0x v2: Next generation trading engine: Today we are very excited to announce our newly designed, state-of-the-art pricing engine. 0x v2 is a next-generation trading engine built for serious on-chain applications, offering the best all-inclusive pricing and best trade execution, with powerful new monetization controls and enhanced security built into the foundation.
2. Advanced routing technology
On every transaction, 0x v2 offers the best all-inclusive price. This means that no matter the size of the transaction, 0x v2 can provide users with the most competitive prices. We all know how frustrating users are when on the checkout page of a vacation rental or ticketing platform, the final price often rises significantly due to various hidden fees. 0x v2 ensures that the price users receive is the most transparent by optimizing execution quality.
1. Security design: The design concept of 0x v2 is security first, and eliminates the risk of authorization exposure through Permit2. Our system is designed to provide users with a safe trading environment so that they do not need to worry about the safety of their funds when conducting transactions.
2. Built for business: 0x v2 is more than just a trading engine, it provides business users with powerful new monetization capabilities, giving them greater control over their balance sheets. These features enable businesses to achieve higher profits and better money management while conducting transactions.
3. Deep liquidity and diverse token support: 0x v2 provides deep liquidity of more than 6 million tokens and supports liquidity from more than 120 automated market makers (AMMs). This means that no matter what token users need to trade, 0x v2 can provide optimal liquidity support. In addition, we have launched a new request for quotation (RFQ) system to further enhance users’ trading experience.
3. Rapid liquidity integration
The liquidity integration speed of 0x v2 is amazing, it can quickly access market liquidity, and supports full transfer of tokens, which allows users to enjoy higher flexibility and convenience when trading.
1. Improved error handling: In trading, error handling is crucial. 0x v2 has also made significant improvements in this area, allowing users to identify and solve problems faster during the transaction process, improving the overall transaction experience.
4. The future of 0x
With the rapid development of decentralized finance, the future of 0x is full of infinite possibilities. We will continue to work on technological innovation to provide users with a better trading experience and higher security. With the launch of 0x v2, we believe it will become the benchmark for decentralized trading in the future and drive the progress of the entire industry.
In this rapidly changing market, 0x v2 is not only a technology upgrade, but also a commitment to the future of decentralized finance. We look forward to working with all users and developers to promote the development of Web3 and embrace a better tomorrow.
in conclusion
The launch of 0x v2 marks a new era for decentralized exchanges. Our goal is to provide users with the best trading prices and an unparalleled trading experience, and to set new standards in security and reliability. As Web3 continues to develop, we believe 0x v2 will become an integral part of the decentralized finance ecosystem, bringing endless possibilities to users.
In the days to come, please continue to pay attention to the latest developments of 0x, and let us witness the vigorous development of decentralized finance.