Deep Dive
1. Monad Mainnet Integration (24 Nov 2025)
Overview:
0x API now aggregates Monad’s hybrid liquidity (CLOBs + AMMs), enabling apps to access optimal pricing from Day 1 of Monad’s mainnet launch.
The integration leverages Monad’s 1-second block finality and near-zero gas fees to support efficient order-book trading. 0x’s Swap API routes trades across KuruExchange, CrystalExch, and Uniswap, reducing slippage for end users.
What this means:
This is bullish for ZRX because deeper liquidity attracts more developers and users to 0x-powered dApps, potentially increasing protocol fee revenue. (Source)
2. Coin98 Wallet Partnership (16 Jul 2025)
Overview:
0x embedded its Swap API into Coin98 Wallet (1.2M monthly active users), enabling in-app token swaps across 15+ blockchains.
The integration uses 0x’s liquidity aggregation to source prices from 130+ venues, improving trade execution for retail users.
What this means:
This is neutral for ZRX as adoption grows, but revenue impact depends on whether fees are denominated in ZRX or other assets. (Source)
3. V3 Protocol Upgrade (2019)
Overview:
Introduced ZRX staking rewards and ERC20Bridge contracts for cross-chain liquidity pooling.
The upgrade allowed market makers to earn protocol fees (0.01–0.02% per trade) and enabled DEX bridges to tap into Kyber/Uniswap liquidity.
What this means:
This remains foundational for ZRX’s utility, though newer competitors have since emerged. Governance via ZRX staking continues to drive protocol evolution. (Source)
Conclusion
0x’s codebase prioritizes cross-chain liquidity aggregation and developer tooling, with Monad integration being the latest growth lever. While V3’s staking mechanics remain core to ZRX’s value accrual, how effectively can 0x monetize its expanding partner network?