Loopring (LRC)

Trade protocol for exchanges

#70

Marketcap Ranking

0.189756 (-0.06%) arrow_drop_down

Market Price (24h change)

217,344,724

Total Market Cap

3

-

info_outline What is Loopring

4.5

help_outline

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..

help_outline

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: ...

help_outline
Screenshot from Website

loopring.org
Loopring Websitemore_vert

Visit Webpage

Website Informationclose

Organization: Coinport Inc
Name: Unknown
Country: KY
City: Unknown
Zipcode: Unknown
Address: Unknown
Mail: a
Creation date: 2017-06-22
Expiration date: 2025-06-22
Nameserver: JOSH.NS.CLOUDFLARE.COM

build Loopring Product Analysis

4.8

help_outline

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
help_outline

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.

help_outline

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

2.3

help_outline

Loopring Communities & Events

Loopring is an Ethereum layer 2 solution: an open protocol for building high-performance, non-custodial exchanges and payment applications on Ethereum. Our infrastructure leverages zkSNARKs to scale throughput, lower cost, and build DEXs & payment apps that feel as performant as centralized alternatives - with 100% Ethereum security guarantees.

view_list r/loopringorg Subreddit
person 7,233 Subscribers
directions_run 54 Active Users
create 1 Daily Posts
speaker_notes 1 Daily Comments
linkOpen Subreddit

view_list Telegram: Contact @oopring_en Channel
person Members
directions_run Online
linkOpen in Telegram

Official Twitter account for Loopring

view_list @loopringorg Channel
person 43,112 Followers
12.04.2020
04:52
Loopring Monthly Update - 2020/11 A few days late because, well, this was a wild week 🤠 On Ethereum mainnet, for the first time, there is now: - zkRollup Smart Contract Wallet - zkRollup AMM And protocol 3.6 features aren't even all out yet 🐲 https://t.co/CgyFTGNY3s 81 favorite
12.03.2020
22:08
A new dawn. See it on Dune. https://t.co/3f9Ln39O42 If you want to do more than observe, get in the game at https://t.co/Mt1TMwGjlW, or download the Loopring Wallet at https://t.co/pYeIYFXPuO. Both of these bring you onto our v3.6 zkRollup 🧞‍♂️ h/t @DuneAnalytics https://t.co/cb4Wx3BMWg 52 favorite
12.03.2020
19:02
Just because we're rolling out v3.6 & the AMM, doesn't mean we've forgotten about our orderbook roots! New liquidity mining campaign on AMP-USDT on https://t.co/9BcPLmPwgG 2m AMP (~$12k) 1.5% spread (paid to limit orders) 30 days (720 hourly snapshots) https://t.co/JNW2ldHie6 39 favorite
12.03.2020
02:55
LRC staking is changing in near future. We want your opinion 🤔 Note: Stake on L1 is in a smart contract Stake on L2 is just holding LRC on L2 Earnings can be in LRC or all tokens that fees are paid in L2 snapshots involve some trust in Loopring relayer More info in next tweet 30 favorite
12.02.2020
18:21
Loopring's zkRollup AMM is Live!!! 🐣 This is extremely exciting 🤯 We probably don't need to explain why Ethereum L2 AMMs are game-changers, but we will anyways. Read the post! Then try it out! https://t.co/WVVXqnMwDm 210 favorite
12.01.2020
21:26
Loopring Wallet 'Withdrawal Mining' Day 4 ⛏️ 33,333 LRC rewards paid out on L2; to 904 eligible accounts; who held $20m total in wallet on L2; for a 18.27% APY A few more details on this program in thread below 👇 https://t.co/U1YEje3TgG 43 favorite
12.01.2020
18:23
Indeed, a big congrats to all. To the Ethereum core devs, community, and the specific Eth2 effort, who lets us rest easy and build our zkRollup L2, and products atop - with full faith that the credibly neutral base layer will keep on chugging 🚆 🎆 https://t.co/QKoiQsbQrC 73 favorite

There are no events for Loopring in the next 3 Months

help_outline

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

2.4

help_outline

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 220 Stars
remove_red_eye 62 Watchers
usb 58 Forks
sync_problem 3 Open Issues
border_color 7.43 % Comment Coverage
lock_open Apache Licen License

attach_money Loopring Price Analysis

4.6

help_outline

Loopring Price Prediction

$ 0.190739 (1.06%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.190521 (0.94%) arrow_drop_up

Predicted USD Market Price in 14d by Coinpaper

help_outline

Converter LRC - USD

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


help_outline

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

help_outline

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)

launch

Matthew Finestone

Director of business development

launch

Chunming Liu

Senior architect

launch

Freeman Zhong

Senior engineer

launch

Leon Wang

Senior developer

launch

Shuhong Chang

Ui developer

launch

Baixiang Liu

Senior supervisor

launch

Weichao Li

Architect

launch

Xiaolu Wu

Architect

launch

Jie Wen

Cryptographer

compare_arrows Loopring Exchanges

Loopring Markets

help_outline
# Exchange Pair Price 24h Volume Trusted
# 1 Coinbase Pro LRC/USD $ 0.189100 $ 2,020,820 check
# 2 Binance LRC/USDT $ 0.190144 $ 1,336,746 check
# 3 Binance LRC/BTC $ 0.189518 $ 468,704 check
# 4 Binance LRC/ETH $ 0.190597 $ 84,348 check
# 5 Binance LRC/BUSD $ 0.189557 $ 31,124 check
# 6 Bittrex LRC/BTC $ 0.188372 $ 2,220 check
# 7 Bitfinex LRC/USD $ 0.182770 $ 595 check
# 8 Poloniex LRC/BTC $ 0.186843 $ 274 check
# 9 Bitfinex LRC/BTC $ 0.187225 $ 198 check
# 10 Poloniex LRC/USDT $ 0.186768 $ 46 check

add
help_outline

Fast Scroll

Jump to specific section