Loopring (LRC)

smart contracts
eth token
marketplace
trading & investing
#74

Marketcap Ranking

0.100192 (6.37%) arrow_drop_up

Market Price (24h change)

111,342,524

Total Market Cap

2.9

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info_outline What is Loopring

3.7

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Loopring Short Description

Loopring is an open protocol for scalable, non-custodial exchanges. Loopring 3.0 is our newest, fastest, and most forward-looking protocol.

Loopring 3.0 can settle up to 1,400 trades per second while guaranteeing the same level of security as the underlying Ethereum blockchain. This is made possible by using a construction called zkRollup, and a feature called On-Chain Data Availability, or OCDA. If OCDA is disabled, Loopring throughput becomes as high as 10,500 trades per second, but security reduces to that of the consortium which maintains said data. The average settlement cost for each trade with Loopring 3.0 is as low as $0.002 USD, which covers the gas for Ethereum transactions and the cost of proof generation on cloud computing platforms.

DEXes can further lower the settlement cost by using cheaper servers in the cloud and GPU-based algorithms. To put things in perspective, most brokers' stock trading fees in the US are in the range of $2 to $7 USD per trade..

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Loopring Explanation Video

SmashingBloke Talks Loopring Cryptocurrency | SmashingBloke Crypto

SmashingBloke reviews Loopring Cryptocurrency, the protocol for Decentralised Token Exchange. This is not Financial Advice Loopring Website: ...

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Screenshot from Website

loopring.org
Loopring Websitemore_vert

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build Loopring Product Analysis

4.8

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Loopring Whitepaper

Loopring is not only a protocol but also a decentralized automated execution system that trades across the crypto-token exchanges, shielding users from counterparty risk and reducing the cost of trading. By pooling the liquidity of cryptocurrencies, we are building the financial system of the future.


The whitepaper of Loopring is 15 Pages long.

The most influencial keywords are: Orders, Token, Order book, Users, Exchange, Fees, Protocol, Loopring, Rings, and Trade.

file_downloadOpen Whitepaper
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Loopring Competitors

  • 1.) Kyber Network

    Kyber Network is on-chain, instant and liquid platform for exchange and payment service The next generation of Exchange & Payment Service.

  • 2.) Santiment Network Token

    A Better Way to Trade Crypto-Markets Market Datafeeds, Newswires, and Crowd Sentiment Insights for the Blockchain World

  • 3.) IXT

    iXledger are empowering the future of insurance through blockchain technology. iXledger is a groundbreaking alternative marketplace for insurance.

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Loopring Product Analysis

Loopring was founded back in August 2016. Its source code was released publicly on github on August 2017 under the Apache License 2.0 license.
Organization wise, Looprings Development is Centralized and is being developed under the lead of Matthew Finestone.

The consensus on which the Loopring network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of Loopring currently is On-going development

group Loopring Community Analysis

3.4

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Loopring Communities & Events

Loopring is an open protocol for building high-performance, non-custodial orderbook exchanges on Ethereum. Our infrastructure leverages zkSNARKs to scale throughput, lower cost, and build DEXs that feel as performant as centralized alternatives - with 100% Ethereum security guarantees.

view_list r/loopringorg Subreddit
person 6,915 Subscribers
directions_run 2,473 Active Users
create 3 Daily Posts
speaker_notes 1 Daily Comments
linkOpen Subreddit

Loopring Protocol Official English Community

https://loopring.org

https://twitter.com/loopringorg

https://medium.com/loopring-protocol

https://www.reddit.com/r/loopringorg

https://github.com/loopring


Trade now at https://loopring.io

view_list Loopring English Community Channel
person 6,731 Members
directions_run 375 Online
linkOpen in Telegram

Official Twitter account for Loopring

view_list @loopringorg Channel
person 36,393 Followers
07.10.2020
17:32
BTU-USDT is now listed and liquid on https://t.co/7kOIOTYGAC! The BTU protocol helps users improve their purchasing power. And trading it on Ethereum's zkRollup DEX helps that fact, with no gas fees at all eating in to your trades. @BtuProtocol 🤝 https://t.co/5u3P2vYHkQ 55 favorite
07.09.2020
15:41
Loopring Exchange is glad to announce its next liquidity mining campaign. This time, it's for digital gold - Ethereum style. renBTC-USDT is now live. Provide liquidity to the orderbook and earn your share of $2k in renBTC rewards. 🪙 🧑‍🌾 @renprotocol https://t.co/Oyqw0HrTxG 112 favorite
07.07.2020
22:03
Liquidity provision on Ethereum DEXs continues to be democratized, and now, even on zkRollup orderbook exchanges. Thrilled to have a @hummingbot_io connector fork built for Loopring Exchange. Huge thanks to @LinqLiquidity for building it 🤖 Get mining! https://t.co/AyYrfDa3gV 63 favorite
07.07.2020
18:52
Ok. We have chosen a winner for the Loopring Pay UI! Congratulations to Federico, you are the winner, the proud new owner of 25,000 LRC (already in your wallet) and your work may become a cornerstone of efficient Ethereum token transfers! https://t.co/HD3eiWBkrz @gitcoin 1/2 https://t.co/Rer9AC0orD 49 favorite
07.05.2020
18:54
It's nice to see that https://t.co/7kOIOTYGAC has become one of the most liquid venues to trade $LRC: $800k volume in past 24 hrs vs ETH and USDT. Still ways to go before we pass the biggest custodial exchanges, but the secret is out: Ethereum zkRollup exchanges can outcompete! https://t.co/L60mNPcwHt 158 favorite
07.03.2020
19:05
Ethereum zkRollup payments have gotten a lot prettier since last month! You can now get into the fast lane via bounty contender: https://t.co/oWMIUsMUs3 Note, UI is fan-made, open source, but unaudited, so use with small amounts. Which works out since it doesn't cost gas :) https://t.co/Rer9AC0orD https://t.co/duMc8tgpuO 131 favorite
07.01.2020
20:11
Loopring Monthly Update, June 2020 - Next release of Loopring Protocol takes shape - Relayer takes a 10x step in updating Merkle tree - Exchange heats up, Pay launches - Loopring Wallet internal alpha! Future of Ethereum and DeFi is bright + scalable ☀️ https://t.co/65Nylqjkji 123 favorite
06.29.2020
03:00
New listing on Loopring Exchange! PNK-ETH PNK is the token of @Kleros_io, the blockchain dispute resolution layer. Trade it on https://t.co/7kOIOTYGAC, Ethereum's zkRollup DEX, at high speeds, low fees (no gas needed), and with 100% self-custodial security. https://t.co/iGspNSgJDq 94 favorite
06.28.2020
22:35
We are so excited to see the submissions for the Loopring Pay UI bounty in 2 days. https://t.co/PHz0bVgY1m The winner may be creating a massively important frontend for fast and cheap Ethereum token transfers, especially in this high gas price environment 👀 82 favorite

There are no events for Loopring in the next 3 Months

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Loopring Google Trends


The Google Trends chart displays the search interest on google in Loopring relative to its peak over the last year. A rising chart shows growing interest int he project.

code Loopring Development Analysis

1.8

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Loopring Github Analysis

Code Updates (Commits)


Every change to the codebase of Loopring is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 217 Stars
remove_red_eye 60 Watchers
usb 57 Forks
sync_problem 3 Open Issues
border_color 0.01 % Comment Coverage
lock_open Apache Licen License

attach_money Loopring Price Analysis

4.2

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Loopring Price Prediction

$ 0.092531 (-7.58%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 0.115056 (14.92%) arrow_drop_up

Predicted USD Market Price in 14d by Coinpaper

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Converter LRC - USD

Convert between LRC and USD with the live Loopring prices, aggregated from all big exchanges that trade Loopring.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Loopring Team Analysis

4.8

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Loopring Team

Loopring Team Leader

Daniel Wang - Ceo
Daniel Wang is the creator of Loopring Protocol, founder and chairman of Loopring Foundation. He used to work as a senior software engineer and tech-lead at Google Mountain View, a senior director of engineering at JD.com, and a senior director at Zhongan Insurance. He is also a cofounder of Hygene Inc. and a cofounder of Yunrang (Beijing) Information Technology Limited.


supervisor_accountSocial Network Links

Loopring Team Members (31)

Matthew Finestone

Director of business development

launch

Johnston Chen

Coo

launch

Jay Zhou

Cmo

launch

Chunming Liu

Senior architect

Freeman Zhong

Senior engineer

Leon Wang

Senior developer

Shuhong Chang

Ui developer

Baixiang Liu

Senior supervisor

Weichao Li

Architect

Xiaolu Wu

Architect

Jie Wen

Cryptographer

Li Yang

Architect

compare_arrows Loopring Exchanges

Loopring Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance LRC/BTC $ 0.100196 $ 945,680 check
# 2 Binance LRC/USDT $ 0.099871 $ 686,049 check
# 3 Binance LRC/ETH $ 0.099952 $ 227,902 check
# 4 Binance LRC/BUSD $ 0.100203 $ 40,513 check
# 5 Bittrex LRC/BTC $ 0.099734 $ 5,676 check
# 6 Bitfinex LRC/BTC $ 0.101583 $ 1,330 check
# 7 Bitfinex LRC/USD $ 0.090952 $ 14 check
# 8 Bithumb LRC/KRW $ 0.098530 $ 160,069 clear
# 9 Gate.io LRC/USDT $ 0.100233 $ 136,176 clear
# 10 Bitvavo LRC/EUR $ 0.099693 $ 53,361 clear

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