0x Ecosystem Update, June 2020
Welcome 👋 to the June 2020 ecosystem update from 0x Tracker, a monthly review of happenings from the 0x ecosystem. Each month we provide 0x trading insights, news from across the 0x ecosystem, and a summary of 0x Tracker updates.
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📈 Trading Insights
- Growth in 2020 continued for June with volume up 6% from $115.83 million in May to $122.84 million in June, starting to close in on the March 2020 all-time high of $133 million in volume. If that’s not promising enough, over $1.3 billion of volume has flowed through 0x’s pipes since the protocol was launched.
- Generated protocol fees for the month almost doubled, jumping from $12,650 in May to $24,651 in June. That’s an all time high, continuing the upward trend.
- To date, over $88,000 worth of protocol fees have been generated for redistribution to 0x ecosystem stakeholders.
- The official 0x exchange, Matcha, was launched to the public this month. At the time of writing over $3.5 million of assets have been exchanged on Matcha.
- ZRX staking also continued to see an upward trend increasing from 16.5 million ZRX staked at the end of May to over 21.9 million ZRX by the end of June. That’s $7.35 million worth of ZRX staked, and a 33% increase.
🗺 Ecosystem News
It’s been another busy month for the 0x ecosystem with plenty of updates, partnerships, product launches, and announcements:
- Say Hello to Matcha! The official 0x exchange, Matcha, came out of beta and is now open to the general public. Over 3,000 traders registered whilst Matcha was in beta! 🍵 — https://matcha.xyz/blog/say-hello-to-matcha
- To support the Matcha launch, an official dashboard was released by the 0x team on Dune Analytics for tracking key metrics — https://explore.duneanalytics.com/public/dashboards/9ZKcuL1TM0wQSp2hgj5Nbpq5WP6GZX1XCVYEh4eX
- In addition to the Matcha dashboard, the 0x team also released an official 0x dashboard for tracking key 0x metrics — https://blog.0xproject.com/explore-0x-with-dune-analytics-f46a879ad28b
- The June 2020 Ecosystem Developer Meeting covered a variety of topics including the core team Q3 Roadmap, Exchange Proxy & Transformers, a 0x API endpoints update, and a Mesh DB overhaul. A recording of the meeting is available on YouTube — https://blog.0xproject.com/0x-developer-update-june-2020-423e98f1a4a3
- ZRX was added as a new collateral type on the Maker protocol, allowing ZRX holders to generate DAI stable coin tokens — https://blog.makerdao.com/knc-and-zrx-approved-by-maker-governance-as-collateral-types-in-the-maker-protocol/
- Bamboo Relay has integrated with Chainlink Oracles to provide stop-loss order functionality — https://medium.com/bamboo-relay/bamboo-relay-integrates-chainlink-oracles-for-stop-loss-order-functionalities-32a5fd35a037
- Radar Relay gave us a sneak peak at their margin trading and lending — https://twitter.com/RadarRelay/status/1273321012524802048
- The 0x core team launched 0x Labs and Periscope Trading, which aim to build on top of 0x protocol with products like Matcha and encourage wider Defi adoption — https://blog.0xproject.com/introducing-0x-labs-and-periscope-trading-c5f84879e782
- Off the back of the 0x Labs and Periscope launches, the 0x team also have a lot of open positions, especially in the software development space. If you’re interested in working with the team then check them out! — https://0x.org/about/jobs
🌵 0x Tracker Updates
There’s not too much to update on for 0x Tracker this month. The big focus has been around backend stability and reintroducing some functionality related to fees which was lost when 0x upgraded to v3 earlier in the year. More to come on that soon!
We welcomed two new relayers to the site, SwitchDex and Matcha.
It’s worth noting that the Matcha metrics on 0x Tracker currently only account for fills of limit orders created in Matcha. Other volume is attributed under 0x API. Discussions around how we can improve this have started with the 0x team and there’s some exciting changes on the horizon.
🎬 Wrapping Up
That’s it for June, stay tuned for another update next month. If you enjoyed this update then consider subscribing to the newsletter to receive the monthly update direct to your inbox.
