0x acquires competitor Flood to compete for DEX aggregation market share

CoinRank News: Decentralized trading infrastructure company 0x announced the acquisition of competitor Flood, aiming to enhance its competitiveness in the decentralized exchange (DEX) aggregation market. The specific acquisition amount has not been disclosed. This acquisition is the first merger and acquisition of 0x since its establishment in 2017, and it mainly focuses on Floods proprietary aggregation software and development team. 0x CEO Amir Bandeali said that Floods technology performed well in transaction simulation tests, helping to improve transaction efficiency and compete for market share. Currently, the market value of DEX aggregators is about US$2.3 billion, 1inch and CoW Swap dominate on chains such as Ethereum, while Jupiter leads on Solana. (CoinDesk)