0x Protocol ZRX
Token exchange infrastructure.
0x provides smart-contract infrastructure for exchanging tokens. ZRX is its associated token, historically used in protocol governance.
What is 0x Protocol?
Applications can use 0x infrastructure to settle token exchanges. ZRX is separate from the assets being exchanged. The official support update says protocol governance is currently dormant after newer settlement contracts were deployed in 2024.
Do not assume ZRX currently provides active voting or staking income. Trading, contract approvals, and token-price changes can cause losses.
Why people pay attention
Exchange infrastructure
Applications use contracts to settle token trades.
Separate token
Holding ZRX is different from making a swap.
Changing governance
Historical voting descriptions may not describe current activity.
Origins & development
The 0x project predates its 2024 settlement-contract update. Current support guidance says the earlier Exchange Proxy was effectively deprecated and governance is dormant.
Explore more
Related stories and learning resources will be added after editorial review.