0x, a liquidity aggregator for crypto-asset trade and DeFi applications, recently announced that 0x Labs has raised $15M in Sequence A financing led by Pantera Capital with participation from Jump Capital, Nima Capital, Blockchain.com Ventures, Nascent Ventures, Coinbase Ventures, IOSG Ventures, DeFi Alliance, and a host of operators, market makers, and builders across DeFi.
“The past 12 months had been pivotal for our personnel. After spending three years constructing 0x Protocol to abet as a decentralized trade infrastructure layer and the inspiration for birth and globally accessible markets, our organization expanded our focus in 2020 to encompass building vertically on top of 0x Protocol to force exclaim and adoption.”
– The 0x Labs Team
These trends absorb already delivered compelling outcomes. 0x Protocol has now enabled over $15B in buying and selling quantity across better than 250,000 queer traders worldwide while powering the backend trade infrastructure for dozens of top DeFi applications.
Furthermore, with the token economics launched in v3 of the 0x Protocol, the network has generated over $1M in fees paid to ZRX holders and market makers, underscoring the price that the network can fetch while aligning long duration of time incentives for token holders and network contributors alike.