Cryptocurrency News

0x launches DEX Liquidity API on polygons

0x has released the Polygon version API for its decentralized Exchange (DEX) liquidity aggregator, opening the 0x API tool for the expanded Polygon market.

The move, announced by the DEX Liquidity Bridge service on Monday, marks another milestone for the decentralized finance (DeFi) scene on Polygon.

According to the announcement, the 0x API on polygons includes key Ethereum-based DEX liquidity channels such as Sushi Swap, DFIN and Curve, as well as Dodo, MSTable, QuickSwap, and Cometh.

The declaration states, describing the ease of using the 0x API on polygons:

“Developers are able to access the open source 0x API and accompanying documentation to begin building on Polygon immediately. The API is designed to make it easier for DEFI developers to use Dex liquidity in a fast, reliable, and easy-to-use way. Has gone.”

0x reportedly plans to expand its Dex liquidity aggregation capability with the team promising access to the Quote (RFQ) system for its Open Book Order and Request in the next 0x API iteration scheduled for release in June .

As part of the announcement, the 0x team stated that its API service facilitated a trading volume of $ 26 billion from more than 1 million trades conducted by approximately 250,000 unique entities. This $ 26 billion activity has been in both Ethereum and Binance Smart Chain Networks, which are currently the two most active Defy markets.

According to the 0x team, there is evidence of a vibrant DeFi view of polygon platforms attracting major DeFi protocols such as Aave, Curve and Augur. As previously reported by Cointegraph, Polygon recently introduced the SDK framework Producing Ethereum-compatible chains.

The interblockchain liquidity protocol RAIN is also interfacing with polygons. Earlier in May, Ren announced A new bridge to port rain-based wrapped tokens – ERC-20 representation of “coins” such as bitcoin (B T c), Dogcoin (Doge) And Zcash (Jk), Among others – for polygon networks.