ZRX is a token that powers the 0x protocol, an open-source, decentralized platform for trading assets. The ZRX token is used as a form of payment for creating and managing decentralized trading pools, or “relayers.”
Additionally, ZRX tokens are used to vote on proposed changes to the 0x protocol and to receive fees generated by the platform’s trading activities.
ZRX was created in 2017 and was one of the first tokens to be listed on the popular cryptocurrency exchange, Coinbase. The 0x protocol has since become a popular solution for decentralized exchanges and has been integrated into several popular decentralized exchanges, including Kyber Network and Uniswap.