0x Protocol ZRX

What ZRX actually is on-chain

0x Protocol is an ERC-20 deployed on Ethereum, at contract address 0xe41d2489571d322189246dafa5ebde1f4699f498. That address, not the ticker ZRX, is what uniquely identifies this asset: anyone can deploy a second token calling itself ZRX, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, ZRX is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in ZRX itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For ZRX the project publishes a public source repository and an active account as @zeroexprotocol. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where ZRX sits in the market

#309 places 0x Protocol in the middle of the mid-cap band. This is where continuous two-sided quoting stops being guaranteed. ZRX still prints regularly, but the depth behind each print thins out through the session, and the same order that barely registers in the morning can set the day's high in a quieter hour.

CryptoPingAi is currently streaming 6 live ZRX order books (Binance, OKX, Gate.io, HTX, Upbit, Bithumb). That is wider coverage than most assets ranked near #309 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

ZRX against its all-time high

ZRX is more than 95% below its all-time high of $2.50 (on 2018-01-12) — a 26.5x gap. At this point the record has essentially no analytical value: it belongs to a different supply structure, a different holder base and often a different market cycle. The useful reference for ZRX is the downside, not the peak, so the range section below matters more than this one. It was set 9 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

ZRX across its historical range

The recorded range runs 34.2x, from $0.0731 to $2.50 — wide by the standards of traditional assets, moderate for this one's class.

ZRX is within 29.1% of its all-time low of $0.0731, printed on 2026-08-18. This is the part of a chart with no history: there is no prior trading below this level, so there is no support to reference, no volume shelf and no cost-basis cluster to lean on. Because that low is itself recent, the asset is in an active downtrend rather than sitting at an old floor — each new low invalidates the previous one as a reference.

ZRX supply structure

ZRX is capped at 1.00 billion ZRX, of which only 848.4 million is circulating — 84.8% issued, leaving 151.6 million still to come. At that ratio the emission schedule is a primary driver of the supply story, not a footnote: new supply arrives continuously and has to be absorbed by new demand before price can hold a level.

What kind of asset ZRX is

0x Protocol is a decentralised exchange token. The economics are unusually legible for crypto: the protocol generates fees from trading volume, and the token's value proposition rests on whether it captures any of them. Volume on the underlying venue, the fee switch status and competitive pressure from other venues are the variables that actually matter — and DEX volume is itself highly cyclical, so revenue is not a stable base.

CoinGecko files ZRX under 10 categories, including Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), Ethereum Ecosystem, Coinbase Ventures Portfolio. CoinGecko also records deployments on Ethereum (3,072 tracked tokens), so its on-chain liquidity and its user base move with that network. Worth flagging from the metadata: ZRX is tagged as US-originated.

How to set a 0x Protocol alert that is worth receiving

0x Protocol is the ERC-20 at 0xe41d…f498 on Ethereum — quoted on 6 venues we stream — high dated 2018-01-12 — rank #309. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →