LOGO_CRYPTO_SIGHT

0x Rolled Out Polygon-focused DEX Liquidity API

| 01-Th6-2021
Kyber Network to Release Major Upgrade for Katalyst Protocol

0x has reportedly released a Polygon-dedicated API for its decentralized exchange (DEX) liquidity aggregator, making the 0x API tool available to the growing Polygon market.

Specifically, The DEX liquidity bridge service reportedly disclosed details of the initiative with a release, published on May 31st, hitting a new milestone for the booming decentralized finance (DeFi) footprint on Polygon.

Per the announcement, the 0x API on Polygon reportedly comes with a wide range of top-tier Ethereum-powered DEX liquidity channels, nominally SushiSwap, Dfyn and Curve, together with Dodo, mStable, QuickSwap and Cometh.

“Developers are able to access the open source 0x API and accompanying documentation to start building on Polygon instantly. The API has been designed to make it easy for DeFi devs to tap into DEX liquidity in a fast, reliable, and easy to use way.” The announcement further discussed the ease of using the 0x API on Polygon.

0x reportedly has a goal of widening the scope of its DEX liquidity aggregation capability, and the team promises to make its open book orders and request for quote (RFQ) system publicly accessible, in the next 0x API iteration, slated to be rolled out in June this year. 

As included in the announcement, the 0x team reportedly revealed that an accumulated figure of $26 billion in trading volume has been processed by its API service, from more than 1 million trades conducted by approximately 250,000 unique entities. 

This $26 billion in activity has been across both the Ethereum and Binance Smart Chain networks, which lead the market in terms of the most active DeFi markets.

Tags: , , ,

Comments