Project Safety Score

Thu, Mar 28, 2024 10:45 PM

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

73%

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Name

Loopring

Type

token

Platform

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.

1/5

(1 review)

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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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1/5

(1 review)

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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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Sun, Jul 2, 2023 3:55 AM
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Thu, Jun 29, 2023 3:55 AM
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Loopring Profile (LRC)