Loopring (LRC)

Trade protocol for exchanges

#95

Marketcap Ranking

0.557289 (3%) arrow_drop_up

Market Price (24h change)

638,312,401

Total Market Cap

3

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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 9,589 Subscribers
directions_run 52 Active Users
create 1 Daily Posts
speaker_notes 15 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 8,761 Members
directions_run 768 Online
linkOpen in Telegram

Official Twitter account for Loopring

view_list @loopringorg Channel
person 65,427 Followers
03.22.2021
04:38
WHΞRΞ WΞ'RE GOING, WΞ DON'T NΞΞD GAS #Ethereum #L2 458 favorite
03.21.2021
20:46
Been hearing about Ethereum L2, have you? But you say it seems a bit difficult to use. Or it's not here just yet, it's coming soon. Neither are true, my friend, that's just hating. zkRollups are live today, for gas-free payments & trading. Get aboard: https://t.co/7quL05KRYk 106 favorite
03.20.2021
17:38
We don't know how else to say this... We are building a complete financial system, atop Ethereum's financial system. Scalable & secure products included. Does that sound crazy? It is! 🧑‍🔬 https://t.co/ZhB9bvhYbs 133 favorite
03.20.2021
15:56
For the first time in nearly 3 years, we are *extremely excited* to be growing our non-engineering team 😍 We are looking for a: Head of Community Head of Growth We kicked off Ethereum L2 15 months ago. But now it's time to staff up for #ROLLUPSPRING 🚀 https://t.co/c83YNRsT5s 208 favorite
03.19.2021
15:31
Loopring started life as an orderbook DEX. Then came zkRollup, AMM, payments, wallet. Books about to shine again. Makers: receive 0.02% rebate on your filled volume. That's right, no gas & NEGATIVE fees. On Ethereum 🤵 GUI: https://t.co/qRy7TPhGHD API: https://t.co/CD239ZGN3z https://t.co/Oafl7MEt9G 154 favorite
03.19.2021
05:09
A clip from our recent community call. Chief Architect @Brechtpd describing new protocol features he's working on for Loopring zkRollup. L2 bridges & flash mints 🌉 📸 Improving composability in novel ways. Brecht builds. When he's excited, we all are. 79 favorite
03.18.2021
18:00
Rollups pay for peace of mind in $ETH. Ethereum security is not cheap. That's the point. https://t.co/qRy7TPhGHD is thus not just an exchange. It's a vault. https://t.co/iRDUXqDOLk 139 favorite
03.18.2021
01:55
This is the Loopring Wallet. Our mobile smart wallet with the Loopring zkRollup baked in for instant, gas-free trading & transfers on L2 🔥 Built & secured on Ethereum. You know, the clunky, slow, expensive blockchain 😏 Download for Android at https://t.co/7kOIOTYGAC https://t.co/641KHnYHL7 221 favorite
03.17.2021
16:22
Can access the REPT for that sweet ETH pool yield on Loopring L2. Even grab a small amount -- no gas fees makes anything possible! https://t.co/qRy7TPhGHD https://t.co/rl5rjI5Xaj https://t.co/3nFeZxAI2c 66 favorite
03.17.2021
14:28
Loopring's updated token model, $LRC v2, launched six weeks ago. The first protocol fee will be paid in early April, which encompasses protocol fees since Loopring protocol v3.6 launched in Dec. 2020. Thereafter, it is distributed monthly. https://t.co/tBRCZo1wCZ 93 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

2.2

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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 221 Stars
remove_red_eye 61 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

4.2

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Loopring Price Prediction

$ 0.548097 (-2.4%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 0.611445 (8.88%) 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)

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 Binance LRC/USDT $ 0.557685 $ 8,618,882 check
# 2 Coinbase Pro LRC/USD $ 0.558000 $ 6,543,648 check
# 3 Binance LRC/BTC $ 0.555661 $ 5,216,773 check
# 4 Binance LRC/ETH $ 0.556941 $ 1,064,319 check
# 5 Coinbase Pro LRC/BTC $ 0.556233 $ 438,617 check
# 6 Binance LRC/BUSD $ 0.556011 $ 200,752 check
# 7 Bittrex LRC/BTC $ 0.552796 $ 22,301 check
# 8 Bitfinex LRC/USD $ 0.560220 $ 12,249 check
# 9 Poloniex LRC/USDT $ 0.547415 $ 6,983 check
# 10 Bitfinex LRC/BTC $ 0.557379 $ 2,659 check

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