0x Labs announced in a blog post on Tuesday that it had raised $70 million in a Series B funding round led by Greylock. The team said the funds would be used to continue expanding Web3’s core exchange infrastructure. Other investors in the project include Pantera, Sound Ventures, A.Capital, Jump Crypto, OpenSea, and more.
0X protocol is an open-source protocol and enables peer-to-peer exchange of tokens on the Ethereum blockchain. Several projects have been developed on 0X, such as Radar, ParaDex, and DeversiFi.
ZRX, the native token of the 0x Protocol, is up by more than 6% in the last 24 hours and currently trades at $0.9044.