0x Labs, the force behind a decentralized exchange (DEX) protocol and its native ZRX token, has raised $70 million at an undisclosed valuation in a Series B round led by Greylock Partners and including NFT marketplace OpenSea, Pantera Capital, Jump Capital and actor Jared Leto, according to a Forbes report.
- 0x offers a liquidity application programming interface that developers can use to split up transactions between decentralized exchanges to find the best prices and throughput. Supported exchanges include Uniswap, Curve and Oasis.
- The firm also offers Matcha, a global liquidity and markets search engine that helps users trade their tokens at the best prices.
- Last week, the ZRX token soared 47% after an announcement that 0x would power the NFT marketplace of Coinbase (COIN), which operates the second largest crypto exchange in terms of trading volume.
- The ZRX token is up almost 15% over the past 24 hours.
- 0x Labs raised $15 million in Feb. 2021 led by Pantera.
