coinLRC #194

Loopring

0.38761767888USD-1.37%-1.37%As of: Mar 29, 05:58 UTC

Key Statistics

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Loopring Converter

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About Loopring

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.
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Price Performance

1D
-1.37%
7D
-2.61%
30D
33.57%
YTD
23.77%
1Y
8.33%
Key Statistics
24H Range
Low$0.38410664918High$0.39744856204
24h Volume
40.9M
Market Cap
482.1M
Circulating Supply
1.2B
Total Supply
1.4B
Rank
194
Market Cap Dominance
0.02%
Max Supply
1.4B
Fully diluted market cap
7.6K
Hashing Algorithm
N/A
Block Time in Minutes
N/A
Volume/Market Cap
0.08
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