Deep Dive
1. Multi-chain Expansion (Bullish Impact)
Overview: 0x’s recent integrations with Solana, Monad, and Coin98 Wallet (1.2M users) position it as a cross-chain liquidity layer. The protocol’s 2025 roadmap prioritizes seamless any-to-any swaps and enterprise solutions, with Monad’s low-fee environment enabling efficient order-book trading.
What this means: Expanding beyond Ethereum diversifies revenue streams and user bases. Successful adoption on Monad – which saw $614B in perpetual volume last month – could drive demand for ZRX governance and fee mechanisms. Historical precedent: 0x-powered apps like Matcha grew volumes 293% post-integration (Bitrue).
2. Exchange Delistings (Bearish Impact)
Overview: Binance will delist ZRX/BTC margin pairs on 4 December 2025, following ProBit’s October removal of ZRX spot trading. These pairs accounted for ~15% of ZRX’s 30-day volume.
What this means: Reduced accessibility may amplify sell pressure – ZRX’s turnover ratio (0.154) already signals thin liquidity. The 7 November 2025 delisting caused a 9.45% volume drop within 24 hours (U.Today). Traders might shift to remaining pairs like ZRX/USDT, increasing volatility.
3. Macro Sentiment (Neutral Impact)
Overview: Crypto markets remain in “Fear” (index 22) with Bitcoin dominance at 58.56%, stifling altcoin rallies. However, ZRX’s RSI (34.73) nears oversold territory, and its $0.146 price sits 38% below the 30-day SMA ($0.1721).
What this means: A market-wide sentiment shift could trigger mean reversion – ZRX rallied 47% in July 2025 during a brief “Greed” spike. Conversely, prolonged risk aversion might extend its 90-day -47% slump. Monitor the Fear & Greed Index for contrarian signals.
Conclusion
ZRX’s price trajectory hinges on balancing cross-chain adoption against exchange-driven liquidity erosion. The protocol’s Monad integration (live since 24 November) and Bitcoin’s dominance trend (58.64% → 58.56% weekly) are immediate swing factors.
Key question: Can 0x’s Q1 2026 enterprise tools offset the loss of ~$2.8M daily volume from Binance’s delisting?