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According to the project, it expects “an influx of new DeFi projects onboarding into the 0x ecosystem.”
Through 0x’s decentralised exchange liquidity aggregator API, the network hopes to reach one million members through onboarding a significant number of decentralised apps.
Polygon said today that it will contribute $10.5 million to safeguarding decentralised banking infrastructure on its network with the help of developers and initiatives. According to the project, it expects “an influx of new DeFi projects onboarding into the 0x ecosystem,” with initial support available for Matchaxyz, Dexguru, Dexkit, MyCrypto, Set Protocol, Zapper.fi, and Zerion.
0x announced a Polygon version API for their decentralised exchange liquidity aggregator last month, bringing the 0x API tool into the growing Polygon industry. Polygon may now be integrated by key Ethereum-based DEX liquidity channels such as SushiSwap, Dfyn, Curve, Dodo, mStable, QuickSwap, and Cometh.
The network has the backing of prominent investors, including billionaire Mark Cuban, who stated last month that the price of cryptocurrencies should better represent genuine market demand because to “a current network effect and significant user growth.” Despite the fact that the price of Polygon’s native token, MATIC, surpassed $2 for the first time in May, the coin has subsequently slumped to $1.39 at the time of publishing.