Deep Dive
1. Monad CLOB Integration (5 August 2025)
Overview: 0x will aggregate Central Limit Order Book (CLOB) liquidity on Monad, combining it with AMM pools to offer deeper liquidity and better pricing for traders.
This integration leverages Monad’s 1-second block finality and near-zero gas fees to enable efficient EVM-based order books. Developers building on Monad can now access unified liquidity from day one, reducing slippage for large trades.
What this means: This is bullish for ZRX because deeper liquidity attracts more traders and developers, potentially increasing protocol fee revenue. Users benefit from tighter spreads, especially for high-volume transactions.
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2. Security Best Practices (15 August 2025)
Overview: 0x reaffirmed security guidelines after a third-party misconfiguration led to $300K in losses, emphasizing the use of Permit2 or AllowanceHolder for token approvals.
The protocol clarified that its Settler contract should never receive direct token approvals, as it’s designed solely for trade execution. Developers are urged to adopt widely audited standards to prevent MEV exploits.
What this means: This is neutral for ZRX—while no vulnerabilities were found in 0x’s code, the incident highlights the importance of proper integration practices. Enhanced security guidance reduces future risks for partners.
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3. Coin98 Wallet Integration (16 July 2025)
Overview: 0x’s Swap API went live on Coin98 Wallet, providing 1.2M users access to 10M+ tokens across 16 chains.
The integration uses 0x’s liquidity routing to offer competitive pricing, combining decentralized exchanges and market makers. Coin98 users can now swap assets directly within the wallet interface.
What this means: This is bullish for ZRX because broader API adoption drives transaction volume, directly correlating with protocol fee accrual. Retail accessibility strengthens 0x’s position as a DeFi liquidity layer.
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Conclusion
0x continues prioritizing liquidity depth and secure interoperability, with recent updates likely boosting developer adoption and user retention. While security incidents underscore integration risks, proactive guidance mitigates reputational damage. Will Monad’s CLOB integration set a new standard for hybrid liquidity models in DeFi?