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*Inflation figures shown here reflect circulating (market) inflation and may differ from a coin’s projected, policy (planned) inflation.

What is 0x?

0x is a leading Ethereum-based open protocol for building decentralized exchanges. The ZRX token powers governance, fee incentives, and relayer economics within the 0x ecosystem, enabling fast, scalable trading of ERC-20 tokens for DeFi apps. By combining off-chain order relaying with on-chain settlement, 0x makes decentralized trading secure, flexible, and developer-friendly.

Why does 0x have inflation?

0x has inflation because it doesn't mint new tokens after the initial issuance; it has a fixed total supply of 1 billion ZRX, so there is no ongoing inflation. Any perceived value change comes from market demand and token distribution rather than new token creation.

How is 0x inflation calculated?

0x inflation is calculated by comparing the circulating supply from one year ago to today’s supply. The percentage increase in supply over that period is the annual inflation rate. Learn more in our guide: What is cryptocurrency inflation?.

How is 0x emission calculated?

0x emission refers to how new coins enter circulation, usually through mining or staking rewards. The emission rate depends on the project’s monetary policy and block reward schedule. Learn more in our guide: What is cryptocurrency emission?.

FAQ

We calculate our own inflation and emission data via our algorithms. You can learn more about how we derive our data in the learn page.

We encourage the usage of any data available on this website. You may use it for your personal or educational goals, but do not use it commercially unless you purchase the CryptoInflation API.

We strive to make the data as accurate as possible, but some blockchains have limitations on how precisely supply, inflation, and emission can be calculated. Moreover, the data on this website often has to be averaged and approximated, therefore the data can be a bit off sometimes.

Cryptocurrency emission and inflation aren’t inherently bad—they’re part of how many blockchains secure their networks and incentivize miners or validators. Moderate inflation can help distribute coins fairly and keep the network active, but excessive or poorly managed emission may dilute value and hurt long-term sustainability. You can learn more about how issuance affects price here.