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

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ODAILY
05-15
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News: Decentralized trading infrastructure company 0x announced the acquisition of its competitor Flood, aiming to enhance its competitiveness in the decentralized exchange (DEX) aggregation market. The specific acquisition amount has not been disclosed. This is 0x's first merger since its establishment in 2017, primarily valuing Flood's proprietary aggregation software and development team. 0x CEO Amir Bandeali stated that Flood's technology performed excellently in trading simulation tests, helping to improve trading efficiency and compete for market share. Currently, the DEX aggregator market is valued at approximately $2.3 billion, with 1INCH and CoW Swap dominating on chains like Ethereum, while Jupiter leads on Solana. (CoinDesk)

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