Decentralized exchange infrastructure protocol 0x Labs on Wednesday announces the launch of Tx Relay API beta on Polygon and Ethereum. Meanwhile, crypto trading platform Robinhood announces that its Robinhood Wallet now supports both Polygon and Ethereum and is now available to iOS customers globally. Robinhood Wallet is the first to leverage the Tx Relay API by 0x.
0x Labs in a tweet on March 1 said the new Tx Relay API is powering crypto trades on the Robinhood Wallet. It enables users to trade without the complexities of loading wallets across multiple blockchains.
“We’re excited to announce that 0x’s new Tx Relay API is powering crypto trades on Robinhood Wallet! Robinhood users can trade crypto with no network fees on Polygon.”
The firm noted that customers are required to hold each blockchain’s native token to pay for transactions. It is the major complexity in web3. The Tx Relay API by 0x Labs removes the difficulty of preloading wallets, moving balances across apps, and sending tokens between addresses to initiate transactions.
The Tx Relay API allows developers to provide better crypto experiences by building more flexible user interfaces. This helps improve adoption into the Web3 ecosystem.
0x Labs said the Tx Relay API has numerous benefits such as improving onboarding and conversion with trading with any token and protection from maximal extractable value (MEV). It also includes enabling deep liquidity through market makers and 70+ crypto exchanges and composability with Swap API.
0x (ZRX) Token Soars 20% on Robinhood and Polygon Partnership
0x protocol’s native token ZRX soared 20% after the Robinhood and Polygon partnership. The ZRX price is currently trading at $0.3046. Notably, the 24-hour low and high are $0.2526 and $0.3199, respectively.
The trading volume has also increased by 900% in the last 24 hours, indicating a massive increase in interest among traders.
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