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.
Loopring Price $0.250025
Market Cap Rank Rank #150
Market Cap $311,528,806
24h High $0.268889
24h Low $0.244334
Circulating Supply 1,245,991,469
Total Supply 1,373,873,440
Max Supply 1,374,513,896
Trading Volume $35,255,685
All-Time High $2.4
Loopring/Bitcoin Ratio 1.00 BTC = 171,232.88 LRC
Last Update 2021-08-02 11:19:46