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0x released the Polygon version of the API for its decentralized exchange (DEX) liquidity aggregator and opened the 0x API tool to the expanding Polygon market.
The DEX Liquidity Bridge Service announced this move in a press release issued on Monday, marking another milestone in the booming Decentralized Finance (DeFi) scene on Polygon.
According to the announcement, the 0x API on Polygon has major Ethereum-based DEX liquidity channels, such as SushiSwap, Dfyn, and Curve, as well as Dodo, mStable, QuickSwap, and Cometh.
The announcement details the ease of use of 0x API on Polygon:
“Developers have access to the open source 0x API and accompanying documentation, and immediately start building on Polygon. The API is designed to allow DeFi developers to easily utilize DEX liquidity in a fast, reliable, and easy-to-use way.”
According to reports, 0x plans to expand its DEX liquidity aggregation capabilities, and the team promises to access its position order and request for quotation (RFQ) system in the next 0x API iteration scheduled to be released in June.
As part of the announcement, the 0x team stated that its API service has facilitated more than 1 million transactions by approximately 250,000 unique entities to reach US$26 billion. This $26 billion activity comes from Ethereum and Binance Smart Chain Network, which are currently the two most active DeFi markets.
According to the 0x team, Polygon has attracted major DeFi protocols such as Aave, Curve, and Augur, which proves the dynamic DeFi scene of the platform.As previously reported by Cointelegraph, Polygon recently launched an SDK framework for Build a chain compatible with Ethereum.
Ren, the inter-blockchain liquidity protocol, also interfaces with Polygon. In early May, Ren Zhengfei announced A new bridge connecting Ren-based encapsulated tokens — ERC-20 stands for “coins” like Bitcoin (Bitcoin), Dogecoin (dog) And Zcash (Jersey), including-to Polygon network.
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