ATP-gated P2X 1 receptors feature fast activation and fast desensitization combined with slow recovery from desensitized states. Here, we exploited a non-desensitizing P2X 2 /P2X 1 chimera that includes the entire P2X 1 ectodomain (Werner, P., Seward, E. P., Buell, G. N., and North, R. A. (1996) Proc. Natl. Acad. Sci. U. S. A. 93, 15485-15490) to obtain a macroscopic representation of intrinsic receptor kinetics without bias arising from the overlap of channel activation and desensitization. From the stationary currents made amenable to analysis by this chimera, an EC 50 for ATP of 3.3 nM was derived, representing a >200-and >7000-fold higher ATP potency than observed for the parental P2X 1 and P2X 2A receptors, respectively. Also, other agonists activated the P2X 2 /P2X 1 chimera with nanomolar EC 50 values ranging from 3.5 to 73 nM in the following rank order: 2-methylthio-ATP, 2 ,3 -O-(4-benzoylbenzoyl)-ATP, ␣,-methylene-ATP, adenosine 5 -O-(3-thiotriphosphate). Upon washout, the P2X 2 /P2X 1 chimera deactivated slowly with a time constant (ranging from 63 to 2.5 s) that is inversely related to the EC 50 value for the corresponding agonist. This suggests that deactivation time courses reflect unbinding rates, which by themselves define agonist potencies. The P2X 2 /P2X 1 chimera and the P2X 1 receptor possess virtually identical sensitivity to inhibition by the P2X 1 receptor-selective antagonist NF279, a suramin analog. These results suggest that the P2X 1 ectodomain confers nanomolar ATP sensitivity, which, within the wild-type P2X 1 receptor, is obscured by desensitization such that only a micromolar ATP potency can be deduced from peak current measurements, representing an amalgam of activation and desensitization.Extracellular ATP is a ubiquitous signaling molecule that exerts fast effects by directly gating cation-conducting channels designated P2X receptors, which exist on a large variety of cells, including many excitable cells and different leukocytes (1). Seven genes encoding P2X subunits (P2X 1-7 ) are known in mammals. All P2X subunits share a common membrane topology, with two hydrophobic membrane-spanning segments (M1 and M2) separated by a large extracellular loop of ϳ300 amino acid residues, which comprise the ATP-binding domain. At least part of the pore of the P2X receptor is lined by M2 (2), which includes a conserved glycine residue that is likely to constitute the channel gate (3), but also residues of the Cterminal cytoplasmic tail appear to play a role in controlling channel permeability (4). The cytoplasmic N-terminal tails of the various subunit isoforms are approximately the same length (ϳ30 amino acid residues), whereas the cytoplasmic C-terminal tails are highly variable in length. Both chemical cross-linking studies and blue native polyacrylamide gel electrophoresis analysis of wild-type and concatenated P2X 1 and P2X 3 receptors indicate that P2X receptors feature a trimeric architecture, which is unique among ligand-gated ion channels (5-7). Further details of the structure of ...