Loopring (LRC)

Trade protocol for exchanges

#58

Marketcap Ranking

0.213466 (-7.35%) arrow_drop_down

Market Price (24h change)

243,947,046

Total Market Cap

3.1

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info_outline What is Loopring

4.5

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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.) XPA

    An innovative blockchain asset management that will combine decentralized transactions, asset collateral, and external capitals. Crypto assets are pegged with fiat currency to avoid fluctuations in market value, transforming cryptocurrency into practical, stable, and useable assets for payment and investment. Cryptocurrency transactions realized through a safe decentralized structure, combining financial models such as mortgages, leverage and future index contracts.

  • 3.) Santiment Network Token

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

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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

3.2

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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 7,130 Subscribers
directions_run 1,283 Active Users
create 1 Daily Posts
speaker_notes 1 Daily Comments
linkOpen Subreddit

https://loopring.org

https://twitter.com/loopringorg

https://medium.com/loopring-protocol

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

https://github.com/loopring

https://discord.gg/KkYccYp

> Trade and transfer now at Loopring Exchange https://loopring.io

view_list Loopring English Community Channel
person 6,657 Members
directions_run 398 Online
linkOpen in Telegram

Official Twitter account for Loopring

view_list @loopringorg Channel
person 41,140 Followers
09.24.2020
02:48
There are 3 new liquidity mining campaigns on Loopring Exchange. ADX-USDT, NIOX-ETH, QCAD-USDT. + BZRX-ETH still live. That's $18.05 per hour being paid for adding liquidity to those books. These programs will get bigger. Plug your bot into L2 πŸ”Œ https://t.co/eHDpYwOcGp 48 favorite
09.23.2020
22:08
Curious about zkRollups, Loopring 3.6, and specifically, *how to build an AMM on Ethereum layer-2*?! This is the video for you πŸ™‡β€β™€οΈ 63 favorite
09.23.2020
15:49
This is really cool! You can now trade ERC20 versions of the CAD-USD FX pair 🍁 πŸ’± And you could do it with same high performance you'd expect on legacy exchanges: FX traders can deploy their HFT / algo strategies on Ethereum, and not worry about latency/gas. Even better... 1/2 https://t.co/CL6w3jcdN2 49 favorite
09.23.2020
05:02
You can now connect to https://t.co/7kOIOTYGAC with @CoinbaseWallet. We're glad to expand the vehicles by which you can onboard to layer 2. All it takes is an Ethereum address to get in the fast, gas-free lane 🚘 https://t.co/LrfHD8G5Zz 180 favorite
09.22.2020
15:57
3.6 is code complete and sent out to @LeastAuthority for audits. It's happening!! As the first upgrade to our protocol since we launched Ethereum's first zkRollup in Dec '19, it has broad, important changes, and we hope it will herald a Layer 2 era ✊ https://t.co/WWQm5XboPW 239 favorite
09.19.2020
18:10
We mentioned that our upcoming v3.6 will support AMMs on zkRollup. Developers - you can have a crack at building out pool contracts right now. As part of the Chainlink hackathon. Win 2 prizes of $1500, and build something important for Ethereum L2. πŸ‘‡ https://t.co/cYMjR5zqv6 213 favorite
09.18.2020
18:10
For anyone who's ever had a maker order filled on https://t.co/7kOIOTYGAC: a few days ago (15th), you got your rebates (8% of taker fees). Will continue monthly. It is most likely not $2400 πŸ˜‘ But it is automatically and gaslessly distributed to your Ethereum L2 account πŸ˜™ https://t.co/w1NcZhZz2Z 60 favorite
09.17.2020
06:53
UNI - USDT order book on https://t.co/7kOIOTH5c2 is now open for deposit. Trading will begin shortly today! https://t.co/qiXJIBsvfW https://t.co/Q3i8ZAp9qO 180 favorite
09.16.2020
17:44
https://t.co/7kOIOTYGAC has been integrated into @AI_Autonio's NIOX Market Making Software. Ethereum orderbook DEXs need active liquidity provision, and this software greatly reduces the barrier for everyday users to run market making bots πŸ“ˆ πŸ€– https://t.co/jOJyIhHmgK 52 favorite
09.15.2020
23:25
Thanks for voting and the great ideas in comments. We have some re-wording/re-working to do ✍️ https://t.co/2Ga4WUwlTK 38 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

2.1

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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 61 Watchers
usb 56 Forks
sync_problem 3 Open Issues
border_color 7.43 % Comment Coverage
lock_open Apache Licen License

attach_money Loopring Price Analysis

4.6

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Loopring Price Prediction

$ 0.230108 (7.77%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.245464 (14.96%) 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/USDT $ 0.213950 $ 4,427,998 check
# 2 Coinbase Pro LRC/USD $ 0.213400 $ 1,984,385 check
# 3 Binance LRC/BTC $ 0.213953 $ 1,867,975 check
# 4 Binance LRC/ETH $ 0.213775 $ 306,744 check
# 5 Binance LRC/BUSD $ 0.213051 $ 82,745 check
# 6 Bittrex LRC/BTC $ 0.212921 $ 10,653 check
# 7 Bitfinex LRC/USD $ 0.215140 $ 9,784 check
# 8 Bitfinex LRC/BTC $ 0.215191 $ 5,161 check
# 9 Poloniex LRC/USDT $ 0.213914 $ 657 check
# 10 Poloniex LRC/BTC $ 0.216016 $ 651 check

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