ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

DDEX Leaves 0x Ecosystem, Expands Hydro Protocol




The decentralized exchange is moving, but 0x is still building.

Last Friday, December 14, Tian Li of the decentralized exchange DDEX announced the company's departure from 0x and move onto Hydro, a "new" protocol developed by the DDEX team. The public beta of Hydro launched today, and DDEX will officially stop using 0x as of January 9, 2019. Though Hydro was originally built as an incentive layer on top of 0x, its scope has since been expanded.

Li uses the term "fork" to describe the migration from 0x onto Hydro, as he wants to give credit to 0x, but the DDEX team has rewritten "a large portion of the codebase," with plans to include a new order schema and a "fundamentally different" model for sharing liquidity, as well as to remove the ZRX token, among other changes. "[F]ee-based tokens create unnecessary friction," Li continued.

Will Warren, co-founder and CEO of 0x, responded via Medium to DDEX's decision to leave. In the post, he noted that the 0x team was disappointed yet understanding of the migration; however, they still believe "modularity and standardization will lead to greater innovation over time." He elaborated:

"The DDEX team has communicated that Hydro protocol is intended to support pooling of liquidity between different matching relayers in a manner that is similar to R1 protocol. One of the benefits of the modular architecture offered by 0x v2.0 is that it makes it simple for developers to support this use case, among many others, with just a few lines of code."

Further, Warren defended ZRX, noting that the long-term goal for the token is "to drive a governance process" for the 0x ecosystem, rather than cause friction as Li described.

Although forks are common in the cryptospace (remember Bitcoin Cash SV vs. Bitcoin Cash ABC?), 0x seems to be doubling down in response to DDEX's departure. News of the migration comes after 0x released its relayer launch kit, promoted its token-purchasing service called 0x Instant, and announced its token grant program. Plus, 0x v2.0 debuted only a few months ago in September.

Regardless of DDEX's decision, Warren maintains that 0x "will continue building towards a decentralized financial system that is more efficient, transparent, and equitable than any that has existed in the past."

Dani Putney

Dani is a full-time writer for ETHNews. He received his bachelor's degree in English writing from the University of Nevada, Reno, where he also studied journalism and queer theory. In his free time, he writes poetry, plays the piano, and fangirls over fictional characters. He lives with his partner, three dogs, and two cats in the middle of nowhere, Nevada.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest DDEX, 0x or other Ethereum ecosystem news.