05/19/2024
BTC66,312.0
ETH3,074.89
USDT1.0
BNB574.72
SOL170.21
USDC1.0
XRP0.509645
DOGE0.149569
BUSD1.003

Loopring (LRC) Price

LRC
4,4
$0.25103
Market cap
313,097,141.0
Total volume
12,632,562
Circulating supply
1,245,991,468
Total supply
1,373,873,397
Loopring stands as an innovative Decentralized Exchange (DEX) operating on an Ethereum Layer-2 (L2) framework known as zkRollup. It incorporates both Automated Market Maker (AMM) functionality and orderbook-based trading platforms.

zkRollup represents a pivotal Ethereum L2 scalability innovation, shifting computation workload off the blockchain network. The Loopring protocol leverages Ethereum's infrastructure purely for data storage and validation purposes. Consequently, Loopring achieves an impressive capability of processing up to 2,025 transactions every second, a stark contrast to Ethereum's maximum of 15 transactions per second. This efficiency translates to an incredibly low trade settlement cost of merely $0.00015.

For professional traders and market makers, Loopring's efficiency opens up new horizons for utilizing algorithmic trading techniques and other forms of automated trading systems, something that was largely impractical on DEXs due to speed and cost constraints. With the advent of Loopring 3.0, orderbook-based DEXs are now poised to become economically feasible for the first time. Loopring's vision is to see non-custodial trading platforms eclipse and eventually surpass many existing centralized exchanges.

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-1.08%
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