0x Labs, a global blockchain company building decentralized exchange infrastructure for the internet, today announced that its free-to-use 0x API service is now available on the Optimism network. Businesses use 0x API to power their DeFi applications across a growing number of blockchains, including Ethereum, Binance Smart Chain, Polygon, Avalanche, Fantom, and Celo.
While Ethereum is the platform on which most tokenized value has emerged in the past few years, transactions have become prohibitively expensive, pricing out potential users and use cases. Optimism, an EVM compatible optimistic rollup chain, aims to increase the throughput of the Ethereum network and reduce gas costs. By improving scalability, optimistic rollups make it cheaper and easier for users to transact on top of Ethereum.
0x Labs co-founder and co-CEO, Amir Bandeali, commented, “We are excited to be launching 0x API on Optimism alongside our initial partners Coinbase Wallet, DexGuru, DexKit, Mean Finance, Metric Exchange, Set Protocol, Zapper, and Zerion, with many more integrators coming online soon. Adding Optimism support is another important step in our mission to create a tokenized world where all value can flow freely. We believe that exposing the broadest set of users to smart contracts, self-custody wallets, and DEX markets is key to achieving that mission.”
Since launch, 0x API has facilitated over 29M trades from more than 2.4M unique traders that in total represents over $69 billion in volume. The 0x API makes it easy for DeFi developers to tap into fast and reliable aggregated DEX liquidity so they can focus on what matters the most: their product.