The decentralized finance (DeFi) ecosystem continues to expand across various Ethereum Layer 2 solutions, with Base — Coinbase’s layer-2 network — emerging as a popular destination for efficient and low-cost trading. One of the newer trading pairs gaining subtle traction on this network is ZRX/WETH, available on Uniswap V3 (Base) with a 1% trading fee. This article dives into the current price dynamics, liquidity structure, pool metrics, and broader implications for traders and investors interested in this niche but noteworthy DeFi pairing.
Current ZRX/WETH Market Overview
As of the latest data, the ZRX/WETH trading pair is valued at $0.00002001** per ZRX token. Over the past 24 hours, the price has remained flat with **0% change**, indicating minimal volatility or market activity. Despite being listed on a major DEX like Uniswap V3, the trading volume over the last day stands at **$0.00, with zero recorded transactions, suggesting extremely low engagement or potential dormancy in the pool.
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This lack of volume raises questions about the pair's usability for active traders, though it may still serve niche arbitrage or long-term positioning strategies.
Liquidity and Pool Composition
The ZRX/WETH liquidity pool holds a total value of $18,008.00, which is relatively small compared to more established pools on Uniswap. The pool consists of two primary assets:
- 950 million ZRX tokens, worth approximately $18,007.97
- 0.0000099 WETH, valued at around $0.0243
This distribution shows a heavy skew toward ZRX holdings, meaning the pool is overwhelmingly composed of the ZRX asset. Such an imbalance can impact price slippage and make large trades less efficient unless liquidity providers rebalance the pool.
The contract address for this pool is: 0x89062f57f131d77b113c2865d7ceb84c452f81d2
This contract has been verified, reducing concerns about malicious code or spoofing risks.
Fully Diluted Valuation and Token Distribution
The Fully Diluted Valuation (FDV) of ZRX within this pool stands at $20,011.43, assuming all tokens are in circulation. Given that only 950 million ZRX are currently pooled, this suggests a fraction of the total supply is actively engaged in this market.
Interestingly, the largest holder of ZRX in this context is identified as a Uniswap contract itself — specifically holding all 950 million ZRX tokens. This implies that these tokens are locked in the liquidity pool and not held by individual wallets or centralized entities.
With only approximately 4 unique holders reported across the ecosystem for this token pair, the ownership concentration is exceptionally high. While this doesn’t necessarily indicate manipulation, it does point to limited decentralization and potential vulnerability to sudden shifts if any major holder decides to act.
Pool Age and Activity Status
The ZRX/WETH pool was created just 24 days ago, making it a relatively new addition to Uniswap V3 on Base. Despite its youth, there has been little to no trading activity recently — although the system records a transaction within the last 24 hours, aligning with routine blockchain maintenance or monitoring interactions.
The absence of sustained trading volume could signal one of several scenarios:
- The pair is used for internal or automated operations rather than public trading.
- It may be a speculative listing awaiting broader community adoption.
- Alternatively, it could represent a legacy or inactive project attempting to regain visibility.
GT Score and Security Indicators
GeckoTerminal assigns this pool a GT Score of 16.51, which falls on the lower end of the trust spectrum. This score reflects factors such as liquidity depth, transaction frequency, holder diversity, and contract safety.
Positive security indicators include:
- ✅ Contract verification
- ✅ No proxy contracts detected
- ✅ No honeypot behavior identified
These elements suggest that while the pool may not be actively traded, it is not inherently malicious. Users who choose to interact with it can do so with moderate confidence regarding technical integrity.
Where Can You Trade ZRX/WETH?
Currently, the ZRX/WETH pair is available for trading on the following platforms:
- Uniswap V3 (Base)
- Maestro Bot
- KyberSwap
However, due to negligible volume and shallow liquidity, executing large trades may result in significant slippage. Traders should proceed with caution and consider using limit orders or alternative routing strategies.
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Frequently Asked Questions (FAQ)
Q: What is the current price of ZRX against WETH?
A: As of now, 1 ZRX is valued at approximately $0.00002001 USD, equivalent to 0.000000007801 WETH.
Q: Is the ZRX/WETH pool safe to use?
A: Yes, the contract has been verified, contains no proxy code, and shows no signs of honeypot behavior. However, low liquidity and minimal trading activity mean higher risk for active traders.
Q: Why is the trading volume $0 despite recent transactions?
A: Volume reporting may lag or exclude micro-transactions. It’s possible that trades occurred but did not generate measurable USD volume due to their size or execution method.
Q: How many people hold ZRX in this pool?
A: There are approximately 4 known holders of ZRX related to this pair, indicating very high concentration and limited distribution.
Q: Can I provide liquidity to the ZRX/WETH pool?
A: Yes, but given the imbalance (over 99% ZRX), adding balanced liquidity would require significant WETH input relative to ZRX value. Consider impermanent loss risks before depositing.
Q: What does a 1% fee mean for traders?
A: A 1% fee on Uniswap V3 means that 1% of every trade is distributed to liquidity providers. This is higher than standard 0.3% pools and may deter frequent traders due to increased costs.
Final Thoughts on ZRX/WETH Trading Potential
While the ZRX/WETH pair on Uniswap V3 (Base) presents technically sound infrastructure — verified contracts, no red flags, and stable pricing — its practical utility remains limited by near-zero trading volume and extreme token concentration.
For developers or researchers exploring under-the-radar DeFi opportunities, this pair might offer insights into emerging market behaviors on Base. For active traders, however, it lacks sufficient depth and activity to support reliable strategies.
As always, due diligence is key when engaging with low-cap or illiquid pools. Monitoring changes in volume, holder count, and cross-platform listings over time will help determine whether this pairing evolves into a viable market or remains a quiet corner of the DeFi landscape.
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