0x Labs provides decentralized exchange infrastructure across several major blockchains. This enables enterprises to integrate exchange functionality into their existing applications and create markets for tokenized assets, including cryptocurrencies, DeFi tokens, and NFTs. It currently supports seven major blockchains, including Ethereum, Polygon, Fantom, Avalanche, Optimism, BNB Chain, and Celo.
Additionally, the platform also provides Matcha (a decentralized exchange aggregator that enables users to search for the best prices on tokens) and the 0x API (a solution for supplying multi-chain aggregated liquidity). As of April 2024, the company’s Matcha solution offered users access to over 5 million tokens and liquidity from over 130 sources. The company has staff across the globe and has also made technical contributions to several Ethereum standards, including the NFT token standard (ERC721).
In April 2023, the company launched a suite of new application programming interfaces (API) that provides crypto developers with tools to build DeFi products. These include Swap API, which connects developers to over 100 exchanges, and Tx Relay API, which enables trades without gas fees.
Key customers and partnerships
As of April 2024, 0x served several DeFi projects, including MetaMask, Coinbase Wallet and Coinbase NFT, Polygon Wallet, Brave, Matcha, dYdX, and Zapper. 0x had also enabled over USD 141 billion in tokenized value to flow across 66 million trades and over 7 million wallets.
Funding and financials
In April 2022, 0x Labs raised USD 70 million in Series B funding led by Greylock. The funds were earmarked to develop the company’s product and service offerings by integrating new chains (including non-Ethereum virtual machine ones such as Solana), investing in cross-chain functionality, and expanding support for NFT swaps and integrators.
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