The ever-growing Layer 2 Ethereum based scaling solution, Polygon (formerly Matic), has integrated 0x, a liquidity aggregator, to scale its Ethereum-based decentralized exchange (DEX) services.
0x, who disclosed the partnership via an official press release shared with Altcoin Buzz, announced the launch of its API on Polygon. It noted that the new integration would grant developers access to its full range of on-chain liquidity on Polygon’s network through the 0x API.
The liquidity aggregator further disclosed that the API is designed to make it easier for developers to tap into DEX liquidity in a fast and reliable way. It also noted that developers would be able to access the open-source 0x API to build on Polygon instantly.
Notably, Polygon’s integration of 0x’s API will incorporate all the major liquidity sources on the Ethereum-compatible chain, including Dfyn, SushiSwap, Curve, QuickSwap, mStable, Cometh, and Dodo.
0x would be joining the Polygon ecosystem, which has recently recorded the addition of a wide range of decentralized applications. Such applications include Opensea, Aavegotchi, Zed Run, Neon District, Augur, Sushi, Curve, Paraswap, 1inch, and others.
0x Bringing Remarkable Capabilities to Polygon
0x has the ambition to help its integrators and the broader Polygon developer ecosystem onboard the next 100,000 crypto users. The liquidity aggregator announced that it would be bringing remarkable features to the Polygon network.
According to 0x, its API has facilitated over one million trades from 250,000 unique traders. Representing more than $26 billion in volume traded across Ethereum and Binance Smart Chain. It noted that the established and experienced framework used on the two other smart contract networks would be brought to the Polygon network.
0x revealed that it integrated on Polygon due to its recent boom. In May alone, according to 0x, Polygon processed over three times as many transactions as Ethereum. 0x also noted that the Ethereum-based scaling solution is currently on course to surpass BSC’s five million per month.
It is worth pointing out that Polygon has grown significantly in the last three months. It is among the major networks focusing on multi-chain interoperability and striving towards DeFi mass adoption.
Additionally, the liquidity aggregator noted that support for 0x RFQ and open order book orders would be unveiled in the API’s next iteration. Also, 0x urges developers looking to add Polygon trading to their products to begin with the 0x API.
MATIC and ZRX Price
At the time of publication, MATIC’s price dropped by 3.3% and traded at $1.84. It currently has a market cap of $11,501,109,621 and a 24-hour trading volume of $3,969,050,387.
ZRX, the native coin of 0x, is currently trading at $0.988529. It has a market cap of $832,354,068 and a 24-hour trading volume of $211,093,570.
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