Just wanted to share with the community the fact that while 0x is competing for distribution with other companies like 1Inch, Paraswap, and other meta-aggregators, 0x Protocol is getting used natively in these aggregators as well.
Have a look at this dashboard where we’re tracking where 0x Protocol is being used. It turns out that some Liquidity Providers in 1Inch Fusion are using
OTCOrder natively to provide liquidity. Cowswap had solvers doing the same for a while, and Metamask engages with SCP, a Market Maker providing RFQ liquidity using
RFQOrder natively (after having provided it through 0x API for a period of time). Paraswap has been doing that for while too, although they recently moved to their new native order format.
This should be welcomed positively. It’s an early manifestation of the vision the 0x team set at the infancy of the project, that is to build a Protocol for exchange.
The act of establishing a set of standard, efficient rules, allows for interoperability between parties. Software architects refer to this concept as Narrow Waist.
Another way to interpreting this is that there are more companies than 0x that rely on 0x Protocol. They reasonably care about its correct functioning and security. It’s not impossible to think of such companies as participants in the governance life of the protocol, as their business depends on it. While it’s not immediately clear how to make that happen, it’s useful to start realizing we might arrive at that scenario in the future.