Rank #111

WebSite :
Whitepaper : No data
Domain Age : Registered over 6 years ago

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Loopring Ratings Score

Last score update : 7 days ago

Loopring Price live today

Loopring (LRC) is currently trading at 0.278612 USD and with a circulating supply of 1,245,991,469 LRC.
Its market capitalization is 346,802,441 USD.
LRC price has moved -2.69% in the last 24 hours, with 15,795,912 USD worth of LRC traded on various exchanges.
Loopring currently ranks #111 in cryptocurrency rankings based on market capitalization.

About Loopring (LRC)

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.