bZx Protocol (BZRX) is an Ethereum-based flexible, decentralized finance (DeFi) platform that permits users to create applications to entrust lenders, borrowers, and traders. This platform is a community-run project that is governed by the community vote for all significant changes to the protocol. The bZx is a protocol used for tokenized margin trading and lending. It is a financial primitive for shorting, leverage, borrowing, and lending that grant decentralized and efficient blockchain.

In addition, the network aims to cover the challenges faced by centralized finance (CeFi), such as hacks, emerging regulations, and mishandling of funds by people in trustable positions. Thus, the network seeks to focus on the following criteria to improve decentralized margin trading:

Further, the two main products built on the bZx protocol are the fulcrum and torque. Fulcrum is a DeFi margin lending and trading platform, and torque is an indefinite-term loan with fixed yield rates.

As per the website, the bZx Protocol has BZRX as the native utility token. The primary utility of the BZRX token is the governance of the bZx Protocol ecosystem. Together, token holders have the power to upgrade the protocol. The token holders can aim to create incentives to reward participation and drive usage of the protocol.

Kyle Kistner founded the bZx Protocol along with Tom Bean in August 2017. Kistner completed his master’s degree in computational and molecular biology from Georgia State University. Bean did his bachelor’s degree in computer engineering as well as an MBA from Georgia State University. He also holds experience of more than six years working with Nokia.

BZRX has a maximum total supply of 1,030,000,000.

We update our bZx Protocol to USD currency in real-time. Get the live price of bZx Protocol on Coinbase.

The current market cap of bZx Protocol is $680.464K. A high market cap implies that the asset is highly valued by the market.

The all-time high of bZx Protocol is $0.000694. This all-time high is highest price paid for bZx Protocol since it was launched.

Over the last 24 hours, the trading volume of bZx Protocol is $5.21.

Assets that have a similar market cap to bZx Protocol include ODIN ERC404M, MAI (Linea), ZetaEarn Staked ZETA, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of bZx Protocol is 981 million.