CryptoCurrencies
12402
Exchanges
500
Total Market Cap
1,108,772,261,932
Volume 24h
126,209,186,784
Dominance
BTC 41.03%   ETH 17.65%   USDT 6.12%   USDC 3.89%

Loopring
LRC

0.3537
$
11.82 %
Change 24h
Genesis
August 1, 2017
Market Cap
$ 441,074,267
Volume 24h
$ 112,553,303
Circulating Supply
1,245,991,469
Total Supply
1,373,873,397
LRC
$
# Exchange Pair Price Volume 24h

Description

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.