0x (ZRX) Outperforms the Market After Launching Protocol v2.0


0x (ZRX), an open protocol that facilitates the low-friction, peer-to-peer exchange of ERC-20 tokens on the Ethereum blockchain, announced this week that it has completed mainnet testing for its protocol v2.0 after over a year of development.

Protocol v2.0 expands 0x’s modularity and extensibility with a new smart contract architecture that supports the¬†ERC-721 token standard. These new features will allow developers to address more use cases.

“0x Protocol v2.0 addresses the needs of both developers and end users to access and exchange all types of new digital assets as they emerge,” stated Will Warren, co-founder of 0x, in the announcement.

As a result, ZRX is currently outperforming the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens. While ZRX is down 5%, the ALT100 is down over 7%

ZRX currently has a $335 million market cap, making it the second largest exchange token after Binance’s BNB.

More: Announcing the launch of 0x protocol v2.0!

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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