Last Friday, the team behind DDEX and the Hydro Protocol, announced that they would be forking the 0x protocol and releasing their own implementation. DDEX is the largest relayer in the 0x ecosystem by volume, and accounts for over 33% of the total volume of trades each month.
This event is particularly worth paying attention to because it is one of the first times we are seeing a Layer 2 project having its token forked. After the DDEX team made their announcement, the 0x team shared a response to the fork.
Will this be a significant challenge, mutually beneficial, or just a bunch of noise? We will try to determine by the end of this conference call.