Loopring (LRC)

Trade protocol for exchanges

#78

Marketcap Ranking

0.499245 (-10.37%) arrow_drop_down

Market Price (24h change)

571,829,838

Total Market Cap

3.1

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info_outline What is Loopring

4.6

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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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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

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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

3.0

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Loopring Communities & Events

Loopring is an Ethereum zkRollup protocol. A layer-2 solution for securely scaling Ethereum, and building high-performance, non-custodial exchanges and payment applications. Loopring operates products atop the protocol, including the Loopring Wallet, and Loopring Exchange.

view_list r/loopringorg Subreddit
person 9,292 Subscribers
directions_run 58 Active Users
create 1 Daily Posts
speaker_notes 5 Daily Comments
linkOpen Subreddit

Main chat: https://discord.gg/KkYccYp

Download the Loopring Mobile Wallet: https://loopring.io

Use the Loopring Exchange: https://exchange.loopring.io

https://twitter.com/loopringorg

https://medium.com/loopring-protocol

https://github.com/loopring

view_list Loopring English Community Channel
person 8,907 Members
directions_run 670 Online
linkOpen in Telegram

Official Twitter account for Loopring

view_list @loopringorg Channel
person 61,835 Followers
02.28.2021
19:35
Would you believe we barely had $BTC pairs or pools on Loopring Exchange all this time? We had no BTC-USD at all. So we went wild and fixed that. $WBTC vs $DAI, $USDC, $USDT AMM pools & orderbook pairs are up. 6 new ways to trade it on Ethereum L2. https://t.co/qRy7TPhGHD https://t.co/GAenLwHQcU 78 favorite
02.28.2021
01:18
What's the highest ROI in the crypto space right now? It's no token, farm, or vault. It's learning how to use Ethereum L2. Give a man a fish... But save a man some $ETH... A guide on the Loopring L2 DEX: https://t.co/7quL05KRYk 154 favorite
02.27.2021
18:25
It is a certainty that the future of financial services will empower users. Choice. Agency. Guarantees. Loopring Exchange is a CEX that cannot be evil. Loopring Wallet is a fintech app, self-bank, identity. This future must be on a neutral base layer, or what is the point. 149 favorite
02.27.2021
17:35
Ah Saturdays. The perfect time to get informed on the current & coming Ethereum scaling evolution you keep hearing about: Layer 2. @BanklessHQ spoke with leading L2 implementers, @synthetix_io, @Immutable, and our @finestonematt. Rollups. Real. Deal. πŸ—žοΈ 121 favorite
02.27.2021
07:07
You can buy & LP @realmaskbook's $MASK without gas fees on https://t.co/qRy7TPhGHD. Allowing the masses to access new tokens on Ethereum L2. Small fishies & big whales alike 🐟🐳 5 seconds. $15 buy. $0.0375 fee. 🎬 https://t.co/MRPAzlcpUh 107 favorite
02.27.2021
04:00
Gas fees are below 90 gwei on Ethereum right now! πŸ₯³ Do NOT get complacent. Four figure gwei is coming back. Get on Loopring L2 while it costs <$10 to deposit. https://t.co/qRy7TPhGHD https://t.co/USzLHKQHmq 222 favorite
02.26.2021
04:00
Biggest feedback we get: NOT ENOUGH TOKENS! We got you. Big batch landed on Ethereum L2, open for gas-free & instant token transfers, AMM swaps, & for some, orderbook trading. $RAI $SNX $RGT $VSP $BCP $YPIE $BADGER $TEL $SMARTCREDIT $FUSE $MASK πŸ‘‰ https://t.co/qRy7TPhGHD πŸ„β€β™€οΈ https://t.co/JW9hO5Z7TB 308 favorite
02.25.2021
18:18
For all the L2 LPs from round 3, please see your Loopring account (on web or mobile), your earnings are there. Thank you very much πŸ’° For everyone else, why aren't you helping seed the future of finance aka Ethereum rollups with your liquidity? 🀨 Stay tuned for round 4 info. 164 favorite
02.25.2021
16:49
Big dog moving a cool 334 $ETH to Loopring L2 πŸ• Even whales wana go gas-free on Ethereum. Follow the money! https://t.co/Yv0RAzSkVb 245 favorite
02.25.2021
00:08
Is L2 good for Ethereum? Of course. Just try https://t.co/qRy7TPhGHD and never look back. Is L2 good for $ETH? You're damn right it is. Rollups pay the toll. https://t.co/0GnLTApkmf 201 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

2.3

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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 220 Stars
remove_red_eye 61 Watchers
usb 59 Forks
sync_problem 3 Open Issues
border_color 7.43 % Comment Coverage
lock_open Apache Licen License

attach_money Loopring Price Analysis

4.0

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Loopring Price Prediction

$ 0.495613 (1.9%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.320886 (-34.03%) arrow_drop_down

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)

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

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# Exchange Pair Price 24h Volume Trusted
# 1 Coinbase Pro LRC/USD $ 0.499000 $ 8,955,736 check
# 2 Binance LRC/BTC $ 0.498114 $ 2,640,936 check
# 3 Coinbase Pro LRC/BTC $ 0.498114 $ 708,349 check
# 4 Binance LRC/ETH $ 0.499766 $ 700,347 check
# 5 Binance LRC/BUSD $ 0.498712 $ 285,132 check
# 6 Bitfinex LRC/USD $ 0.478630 $ 13,945 check
# 7 Bittrex LRC/BTC $ 0.497228 $ 10,828 check
# 8 Bitfinex LRC/BTC $ 0.491023 $ 5,873 check
# 9 Poloniex LRC/BTC $ 0.501216 $ 1,693 check
# 10 Poloniex LRC/USDT $ 0.498474 $ 1,637 check

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