Loopring profile
Loopring Profile (LRC)
Rating: Good
Balanced Small Cap
Project Safety Score

Sun, Feb 25, 2024 4:15 PM

Market Cap $303,049,683.75
Market Dominance 0.0255
24hr Volume $11,753,482.38
Price $0.2276
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Loopring

token

Ethereum

Loopring is a Decentralized Exchange (DEX) built on an Ethereum Layer-2 (L2) solution called zkRollup. It has both Automated Market Maker (AMM)-based and orderbook-based exchanges.  zkRollup is an Ethereum L2 scaling solution that migrates computations off the blockchain. Loopring protocol only uses the underlying Ethereum blockchain as a data layer and a verification layer. As a result, Loopring's throughput is as high as 2,025 trades per second compared to Ethereum’s current throughput of 15 transactions per second. The result is that the cost per trade settlement is as small as $0.00015. Loopring's performance is sufficient for professional traders and market makers to deploy algorithmic strategies and other automated trading bots. This was not previously possible on any DEX as it was prohibitively slow and expensive. By building on top of Loopring 3.0, orderbook-based DEXs can be commercially viable for the first time. Loopring expects non-custodial exchanges can begin to outcompete and displace many centralized counterparts.

Read more in the whitepaper:
  • Layer 2
  • Layer 2 (l2)
  • Marketplace
  • Zero Knowledge (zk)
  • Arbitrum Ecosystem
  • Ethereum Ecosystem
  • Exchange-based Tokens
  • Decentralised Exchange
  • Decentralized Exchange
  • Decentralized Exchange (dex)
  • Decentralized Finance (defi)
  • Decentralized Exchange Token
  • Ethereum
  • Ethereum
  • no features
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LRC
Community Ratings Loopring LRC

1/5

(1 review)
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LR

LRCscamcoin 2 years ago

the oscillations who are worse than some people's mood swings and the rapid pump from 0.38$ to almost 3$ in less than 2 weeks puts it in a high risk, pump&dump, scam coin even if you buy or sell. it's not a stable coin and the rapid growth is very suspicious and kind of illegal.
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(1 review)
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Loopring Reddit

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Loopring News

  • Kraken ready to disclose user transaction records to the Internal Revenue Services, exchange tokens take a hit

    Mon, Jul 3, 2023 3:55 AM

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    read more...
  • So your layer-2 is 'secured by Ethereum' — what does that ...

    Sun, Jul 2, 2023 3:55 AM

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    read more...
  • Loopring Price Prediction: Will LRC Escape Above 50 Day ...

    Thu, Jun 29, 2023 3:55 AM

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    read more...
  • The Future Of Crypto: Top 4 Sectors To Watch In 2023

    Thu, Jun 29, 2023 3:55 AM

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  • 7 Crypto Coins to Explode Next In June 2023

    Sat, Jun 24, 2023 7:50 AM

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    read more...
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