PANews reports on May 15th that according to CoinDesk, decentralized trading infrastructure company 0x announced the acquisition of aggregator competitor Flood, which is its first acquisition since its establishment in 2017. The transaction aims to leverage Flood's self-developed aggregation software and development team to improve trading efficiency, optimize quotes, and compete for market share on Ethereum and Solana. Currently, the total market value of aggregators is approximately $2.3 billion, with intense market competition.
0x acquires competitor Flood in an effort to expand $2.3 billion DEX aggregator market share
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