0x launches monetary incentive Market Maker Program as volumes reach yearly lows

Last week, 0x announced an initiative to bootstrap liquidity to the network via a new Market Making Program. The program aims to incentivize market makers to build fully automated liquidity solutions on the network by offering up to $15k in monetary rewards for accepted applicants that complete defined requirements. 0x will also provide developer resources and dedicate support staff to reduce onboarding friction.

Source: 0x Blog, https://blog.0xproject.com/introducing-the-0x-market-maker-program-42edc902b1f0


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The MM Program is launching at a time when network volumes on 0x have fallen back to Y/Y lows, with current 7-day rolling average trading volumes currently running at a $220k clip (down 50% YTD). The MM program is the first of a few planned initiatives and developer tools set to hit the ecosystem in the coming months, which aim to attract more market makers to the network.

Sources: The Block, https://0xtracker.com/

About Author

Ryan Todd is a research analyst at The Block where he focuses on the convergence of fintech and digital assets. Previously he worked at Deutsche Bank as an equity analyst covering consumer finance and payments companies, and also spent time at ConsenSys exploring the broader Ethereum ecosystem. Ryan holds a BS in Economics and Accounting/Finance from Florida State University, and MS Finance from Vanderbilt University.