Polygon growing continuously as 0x launches DEX liquidity API on the platform
The DEX liquidity bridge service, 0x has released a Polygon version API for its decentralized exchange (DEX) liquidity aggregator, opening up the 0x API tool to the expanding Polygon market.
0x published the announced on Monday, marking another milestone for the burgeoning decentralized finance (DeFi) scene on Polygon. The announcement described that the API on Polygon features major Ethereum-based DEX liquidity channels like SushiSwap, Dfyn, and Curve, as well as Dodo, mStable, QuickSwap, and Cometh.
The announcement reads:
“Developers are able to access the open source 0x API and accompanying documentation to start building on Polygon instantly. The API has been designed to make it easy for DeFi devs to tap into DEX liquidity in a fast, reliable, and easy to use way.”
0x reportedly plans to expand its DEX liquidity aggregation capability with the team promising access to its open book orders and request for quote (RFQ) system in the next 0x API iteration scheduled for release in June.
Within the announcement, 0x team stated that its API service had facilitated $26 billion in trading volume from over 1 million trades carried out by about 250,000 unique entities. This $26 billion in activity has been across both the the two most active DeFi markets, Ethereum and Binance Smart Chain.
Polygon is attracting major DeFi protocols including Aave, Curve, and Augur is proof of the platform’s vibrant DeFi scene. In addition, Polygon has recently debuted an SDK framework for building Ethereum-compatible chains.
Interblockchain liquidity protocol Ren is also interfacing with Polygon. Earlier in May, Ren announced a new bridge to port Ren-based wrapped tokens to the Polygon network.