This interoperability protocol intends to expand beyond Ethereum, to create a network of interconnected blockchains

In a post published on the official blog, Theo Gonella, product manager of 0x Labs, illustrated the ambitious and complex plans of the protocol for the development of permissionless exchanges: the goal is to seamlessly connect the ever-expanding universe of platforms. blockchain layer-1.

The protocol, based on Ethereum, was designed as an interoperability toolkit for various decentralized exchanges; this year has seen considerable success, for example, in linking a group of more than 30 projects via their APIs.

During 2020, with the boom in Decentralized Finance (DeFi), the use of 0x also grew significantly: the protocol helped to exchange nearly $ 4 billion through DEX and aggregators such as Tokenlon and 1inch, generating, according to 0xTracker, nearly $ 400,000 in fees.

Similarly, 0x's native token, $ ZRX, was up 280%, from $ 0.259 to $ 0.73, before a 50% drop in the context of the sudden collapse of the DeFi market.

Looking ahead, 0x plans to bring its interoperability vision to various different blockchains. Gonella wrote:

"Although Ethereum is the platform on which the greatest token value has emerged in recent years, we believe the ecosystem is evolving towards a multi-blockchain world, with a vast web of interconnected networks forming the backbone of the Web3. Given our view of the 0x protocol as an open technical standard for P2P exchanges, it is natural that it expands into new ecosystems as they emerge. "
According to the post, there are various growth indicators that Ethereum competitors should show to ensure that 0x dedicates development resources to them: in particular, the presence of unique digital assets, a robust community of developers and a significant pool of end users.

Gonella also recognized that composability on different blockchains is a notoriously complex obstacle to address: problems include porting wrapped assets from one blockchain to another, the opportunity cost for users locking their tokens in cross-chain bridges. , and the necessary updates to the 0x infrastructure and token economic model, including staking and governance.

Despite the complexity of the task, Gonella expresses strong optimism:

"We are seeing a real Cambrian explosion of innovation and creativity, and that's just the beginning."

ETH PREDICTIONS:

Ethereum forecast for Tuesday 3 November: 361 Euro value, high 386, low 336. Ethereum forecast for Wednesday 4 November: 367 Euro value, high 393, low 341.

Ethereum forecast for Thursday 5 November: 365 Euro value, high 391, low 339 Ethereum forecast for Friday 6 November: value 366 Euro, high 392, low 340.

In 1 week. Ethereum forecast for Monday 9 November: 349 Euro value, high 373, low 325. Ethereum forecast for Tuesday 10 November: 364 Euro value, high 389, low 339. Ethereum forecast for Wednesday 11 November: 349 Euro value, high 373, low 325 Ethereum forecast for Thursday 12 November: value 342 Euro, high 366, low 318. Ethereum forecast for Friday 13 November: value 346 Euro, high 370, low 322.

In 2 weeks. Ethereum forecast for Monday 16 November: value 335 Euro, high 358, low 312. Ethereum forecast for Tuesday 17 November: value 354 Euro, high 379, low 329. Ethereum forecast for Wednesday 18 November: value 380 Euro, high 407, low 353 Ethereum forecast for Thursday 19 November: value 370 Euro, high 396, low 344. Ethereum forecast for Friday 20 November: value 375 Euro, high 401, low 349.

In 3 weeks. Ethereum forecast for Monday 23 November: 384 Euro value, high 411, low 357. Ethereum forecast for Tuesday 24 November: 380 Euro value, high 407, low 353. Ethereum forecast for Wednesday 25 November: 373 Euro value, high 399, low 347 Ethereum forecast for Thursday 26 November: value 374 Euro, high 400, low 348. Ethereum forecast for Friday 27 November: value 372 Euro, high 398, low 346.

In 4 weeks. Ethereum forecast for Monday 30 November: value 360 ​​Euro, high 385, low 335. Ethereum forecast for Tuesday 1 December: value 374 Euro, high 400, low 348. Ethereum forecast for Wednesday 2 December: value 374 Euro, high 400, low 348 .

Ethereum forecast for November 2020. Initial value at 332 Euro. High price inf while low price 312. Average price 251. Ethereum forecast at the end of the month 360, change for November 8.4%.

Ethereum forecast for December 2020. Initial value at 360 Euro. High price 425, while low price 348. Average price 377. Ethereum forecast at the end of the month 375, change for December 4.2%.

Ethereum forecast for January 2021. Initial value at 375 Euro. High price 439, while low 375. The average price is 400. Ethereum forecast at the end of the month 410, change for January 9.3%.

Ethereum forecast for February 2021. Initial value at 410 Euro. High price 410, while low price 320. Average price 371. Ethereum forecast at the end of the month 344, change for February -16.1%.

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Ethereum forecast for April 2021. Initial value at 399 Euro. High price 495, while low price 399. Average price 439. Ethereum forecast at the end of the month 463, change for April 16.0%.

Ethereum forecast for May 2021. Initial value at 463 Euro. High price 477, while low price 415. The average price is 450. Ethereum forecast at the end of the month 446, change for May -3.7%.

Ethereum forecast for June 2021. Initial value at 446 Euro. High price 529, while low price 446. The average price is 479. Ethereum forecast at the end of the month 494, change for June 10.8%.

Ethereum forecast for July 2021. Initial value at 494 Euro. High price 613, while low price 494. Average price 544. Ethereum forecast at the end of the month 573, change for July 16.0%.

Ethereum forecast for August 2021. Initial value at 573 Euro. High price 573, while low price 447. Average price 519. Ethereum forecast at the end of the month 481, change for August -16.1%.

Ethereum forecast for September 2021. Initial value at 481 Euro. High price 597, while low price 481. Average price 529. Ethereum forecast at the end of the month 558, change for September 16.0%.

Ethereum forecast for October 2021. Initial value at 558 Euro. High price 692, while low price 558. The average price is 614. Ethereum forecast at the end of the month 647, change for October 15.9%.

Ethereum forecast for November 2021. Initial value at 647 Euro. The high price is 647, while the low price is 505. The average price is 586. Ethereum forecast at the end of the month 543, change for November -16.1%.

Ethereum forecast for December 2021. Initial value at 543 Euro. High price 543, while low price 424. Average price 492. Ethereum forecast at the end of the month 456, change for December -16.0%.

Ethereum forecast for January 2022. Initial value at 456 Euro. High price 482, while low price 419. Average price 452. Ethereum forecast at the end of the month 450, change for January -1.3%.

Ethereum forecast for February 2022. Initial value at 450 Euro. High price 510, while low price 444. The average price is 470. Ethereum forecast at the end of the month 477, change for February 6.0%.

Ethereum forecast for March 2022. Initial value at 477 Euro. The high price is 477, while the low price is 373. The average price is 432. Ethereum forecast at the end of the month 401, change for March -15.9%.

Ethereum forecast for April 2022. Initial value at 401 Euro. High price is 401, while low price is 313. Average price is 363. Ethereum forecast at the end of the month 337, change for April -16.0%.

Ethereum forecast for May 2022. Initial value at 337 Euro. High price 418, while low price 337. Average price 371. Ethereum forecast at the end of the month 391, change for May 16.0%.

Ethereum forecast for June 2022. Initial value at 391 Euro. High price 485, while low price 391. The average price is 430. Ethereum forecast at the end of the month 453, change for June 15.9%.

Ethereum forecast for July 2022. Initial value at 453 Euro. High price 504, while low price 438. Average price 467. Ethereum forecast at the end of the month 471, change for July 4.0%.

Ethereum forecast for August 2022. Initial value at 471 Euro. High price 584, while low price 471. The average price is 518. Ethereum forecast at the end of the month 546, change for August 15.9%.

Ethereum forecast for September 2022. Initial value at 546 Euro. High price is 546, while low price is 427. Average price is 495. Ethereum forecast at the end of the month 459, change for September -15.9%.

Ethereum forecast for October 2022. Initial value at 459 Euro. High price 569, while low price 459. Average price 505. Ethereum forecast at the end of the month 532, change for October 15.9%.

Ethereum forecast for November 2022. Initial value at 532 Euro. High price 532, while low price 416. Average price 482. Ethereum forecast at the end of the month 447, change for November -16.0%.

Ethereum forecast for December 2022. Initial value at 447 Euro. High price 447, while low price 363. The average price is 412. Ethereum forecast at the end of the month 390, change for December -12.8%.

Ethereum forecast for January 2023. Initial value at 390 Euro. High price 390, while low price 305. Average price 353. Ethereum forecast at the end of the month 328, change for January -15.9%.

Ethereum forecast for February 2023. Initial value at 328 Euro. High price is 328, while low price is 257. Average price is 297. Ethereum forecast at the end of the month 276, change for February -15.9%.

Ethereum forecast for March 2023. Initial value at 276 Euro. High price 281, while low price 245. Average price 266. Ethereum forecast at the end of the month 263, change for March -4.7%.

Ethereum forecast for April 2023. Initial value at 263 Euro. High price 263, while low price 206. Average price 238. Ethereum forecast at the end of the month 221, change for April -16.0%.

Ethereum forecast for May 2023. Initial value at 221 Euro. High price 221, while low price 183. Average price 206. Ethereum forecast at the end of the month 197, change for May -10.9%.

Ethereum forecast for June 2023. Initial value at 197 Euro. High price 245, while low price 197. Average price is 217. Ethereum forecast at the end of the month 229, change for June 16.2%.

Ethereum forecast for July 2023. Initial value at 229 Euro. High price 229, while low price 179. Average price 207. Ethereum forecast at the end of the month 192, change for July -16.2%.

Ethereum forecast for August 2023. Initial value at 192 Euro. High price 192, while low price 150. Average price 174. Ethereum forecast at the end of the month 161, change for August -16.1%.

Ethereum forecast for September 2023. Initial value at 161 Euro. High price 200, while low price 161. Average price 177. Ethereum forecast at the end of the month 187, change for September 16.1%.

Ethereum forecast for October 2023. Initial value at 187 Euro. High price 232, while low price 187. Average price 206. Ethereum forecast at the end of the month 217, change for October 16.0%.

Ethereum forecast for November 2023. Initial value at 217 Euro. High price 270, while low price 217. Average price 239. Ethereum forecast at the end of the month 252, change for November 16.1%.

Ethereum forecast for December 2023. Initial value at 252 Euro. High price 274, while low price 238. Average price 255. Ethereum forecast at the end of the month 256, change for December 1.6%.

Ethereum forecast for January 2024. Initial value at 256 Euro. High price 256, while low price 200. Average price is 232. Ethereum forecast at the end of the month 215, change for January -16.0%.

Ethereum forecast for February 2024. Initial value at 215 Euro. High price 266, while low price 215. Average price 236. Ethereum forecast at the end of the month 249, change for February 15.8%.

Ethereum forecast for March 2024. Initial value at 249 Euro. High price 249, while low price 194. Average price 225. Ethereum forecast at the end of the month 209, change for March -16.1%.

Ethereum forecast for April 2024. Initial value at 209 Euro. High price 259, while low price 209. Average price is 230. Ethereum forecast at the end of the month 242, change for April 15.8%.

Ethereum forecast for May 2024. Initial value at 242 Euro. High price 301, while low price 242. Average price 267. Ethereum forecast at the end of the month 281, change for May 16.1%.

Ethereum forecast for June 2024. Initial value at 281 Euro. High price 349, while low price 281. Average price 309. Ethereum forecast at the end of the month 326, change for June 16.0%.

Ethereum forecast for July 2024. Initial value at 326 Euro. High price 404, while low price 326. Average price 359. Ethereum forecast at the end of the month 378, change for July 16.0%.

Ethereum forecast for August 2024. Initial value at 378 Euro. High price 469, while low price 378. Average price 416. Ethereum forecast at the end of the month 438, change for August 15.9%.

Ethereum forecast for September 2024. Initial value at 438 Euro. High price 544, while low price 438. Average price 482. Ethereum forecast at the end of the month 508, change for September 16.0%.

Ethereum forecast for October 2024. Initial value at 508 Euro. The high price is 508, while the low price is 442. The average price is 483. Ethereum forecast at the end of the month 475, change for October -6.5%.

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Ethereum forecast for December 2024. Initial value at 399 Euro. The high price is 399, while the low price is 313. The average price is 362. Ethereum forecast at the end of the month 337, change for December -15.5%.