Share this article
0x's Token Surges 20% on Tx Relay Development Deal With Robinhood Wallet, Polygon
With the Tx Relay product, one digital wallet can be used across different blockchains.
Updated May 9, 2023, 4:09 a.m. Published Mar 1, 2023, 1:24 p.m.
The native token of decentralized exchange 0x Labs (ZRX) surged nearly 20% Wednesday as the protocol agreed to work with Robinhood Wallet and Polygon to build Tx Relay product.
The firm announced that the Tx Relay API is in beta mode and will allow users to easily trade without having to load up their wallets across multiple blockchains. Tx Relay will also provide deep liquidity from 0x's market makers and 70 exchanges.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Robinhood Wallet will be the first platform to use the application programming interface, or API.
After closing a $24 million initial coin offering in 2017, 0x Labs raised an additional $70 million last April in a funding round that included investments from NFT (non-fungible-token) marketplace OpenSea and Jump Crypto, a unit of Jump Trading Group.
Robinhood Markets (HOOD), meanwhile, has been prolific in its crypto activity over the past year; listing several cryptocurrencies within its trading app before rolling out a web3 wallet in September.
ZRX was recently trading at about 31 cents, a 20% gain over the past 24 hours, according to CoinDesk data.
CORRECTION (Mar. 8, 2023, 07:20 UTC): Corrects the headline and story to indicate that Tx Relay is the name of the product.
UPDATE (Mar. 1, 13:42 UTC): Adds additional information.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
USDC Issuer Circle Secures Abu Dhabi's ADGM License in Middle East Expansion
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
What to know:
- Circle has obtained a Financial Services Permission license from Abu Dhabi Global Market, allowing it to operate as a Money Services Provider in the UAE.
- The stablecoin issuer has appointed Dr. Saeeda Jaffar, former manager at payments firm Visa.
- The approval comes as part of the UAE's emergence as a global hub for regulated digital assets, following similar licenses granted to Binance.
Top Stories
