DeFi wind blows ZRX token sail. 0x (ZRX) token holders can lend their digital assets on different platforms to earn interest in return.
0x (ZRX) token prices are on the rise
As the DeFi frenzy continues, there are also extraordinary price increases in token prices traded on these platforms. The price of ZRX token, one of the DeFi platforms cryptocurrencies, has increased by 8% at the time of writing.. Apart from the volatility in prices, the increase in the number of 0x active addresses also draws attention.
0x token entered the radar of investors in the first days of May 2020. During this period, 0x prices more than doubled in a very short time.. ZRX token, which was traded at 20 cents on May 6, rose to over 43 cents on May 9. In the same period, a significant increase was observed in the number of 0x active addresses and broke the record of all time.. The report by Santiment draws attention to this issue.. Below we see the report of Santimet.
There is an increase in the number of 0x active addresses on July 3, although not as much as in May.. Prices are increasing in parallel with the number of addresses.
After May, ZRX token prices did not increase as aggressively as other DeFi tokens Compound and Kyber Network.. 0x was flat in June, perhaps as investors’ perception was on Compound and Kyber Network. While the perception is reversed in Compound and Kyber Network, aggressive value increases such as the increase in value in the first days of May at 0x can be observed again.. Naturally, the increase in DeFi demand is directly reflected in XRZ token prices.
According to Staking Rewards data, ZRX token holders have achieved 0.51% returns in the last 14 days.. This rate is much higher than the FED and European Central Bank policy rates.
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