ZRX is the native governance token of the 0x Protocol, a decentralized exchange infrastructure that enables peer‑to‑peer trading of ERC‑20 tokens and liquidity aggregation across DEXs.
The price hovers near about $0.11 USD, still far below its all‑time high of ~$2.50 from 2018, reflecting prolonged downward pressure in the broader crypto market.
Recent upticks have been driven by technical breakouts and altcoin rotation, with the token outperforming some peers as traders seek value plays.
A security breach on a related SwapNet contract highlighted ecosystem risks, though core 0x contracts remained unaffected, which helps maintain confidence in the protocol’s infrastructure.
ZRX’s future narrative depends on deeper liquidity aggregation integrations, governance participation, and expanding usage in DeFi apps across Ethereum and other chains.
Trading volume and broader sentiment remain key drivers for near‑term price direction, making ZRX more sensitive to market cycles than standalone fundamentals.
