0x team introduced a tool for aggregating liquidity from Ethereum exchanges



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0x team introduced a tool for aggregating liquidity from Ethereum exchanges

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The developers of the Ethereum protocol of 0x decentralized exchanges have released a tool that aggregates liquidity among various non-custodian trading floors (DEX).

Today 0x becomes the liquidity aggregator for the DeFi economy! Easily connect with 0x API to swap tokens at the best prices & source aggregated liquidity from 0x, @KyberNetwork, @UniswapExchange & @ MakerDAO‘s Oasis.

The 0x API supports data from popular Ethereum platforms, including Kyber, Uniswap, Oasis, and 0x Mesh.

“There are many projects that use liquidity from separate, decentralized networks that are not interconnected,” said 0x marketing manager Matt Taylor. “Our goal is to provide the best price for every trading pair on the market … This is practically guaranteed by the 0x API, because we simply pull it from the networks with the best prices”

For example, the platform can be quite liquid when it comes to popular trading pairs with Dai, ETH and USDC. However, for other coins like Augur (REP), this figure on a single site may be insignificant, Taylor explained.

0x API solves this problem by breaking an order between different DEX and then displaying the best prices on the market. Taylor added that developers can plug in a new tool with just a few lines of code.

Designed for peer-to-peer exchange of Ethereum assets, the 0x protocol was introduced in 2016. To date, more than 30 sites have been built using this protocol.

According to Dune Analytics, the 0x platform is the fifth largest among DEX.

previously reported high growth in trading volumes on non-custodian exchanges.

We also recall that last summer the work of the decentralized exchange 0x was interrupted due to a vulnerability discovered in version 2.0.

In December, 0x developers introduced the third version of the protocol, which laid the foundation for liquidity aggregation tools.

0x team introduced a tool for aggregating liquidity from Ethereum exchanges



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