en
RSS
Soon
Soon
Soon
Soon
Loopring

Loopring (LRC)

$ 0.01
2.49 %
Main info
News
Comments
Markets
Analytics
Market cap
$14.3M
2.49 %
Volume (24h)
$1.73M
2.49 %
Circulating supply
1,367,105,325 LRC
Total supply
1,373,873,397 LRC
Max. supply
1,374,513,896 LRC

About Loopring

Technology and Features

Besides the protocol smart contracts, Loopring also offers a collection of open-sourced software to help you build decentralized exchanges. Loopring does not require users to send tokens to any party for custody. Tokens always remain in users' blockchain addresses during the entire trading/transaction life cycle.

Loopring orders do not lock users' assets, which means users can transfer tokens around even after orders have been submitted - Loopring will automatically adjust order amounts during settlement. Loopring protects users from threats such as exchange bankruptcies and hacking.

Loopring provides higher liquidity and price improvement by matching orders in the form of order-rings.

Each ring may consist of 2 to 16 orders, and tokens are transferred atomically in a circular manner during ring settlement. Loopring is designed to provide matching-as-a-service, and its orders are unidirectional and do not differentiate takers and makers. Loopring's order-rings generalize trading pairs and enable a built-in mechanism for performing arbitrage.

Security and Innovation

Our patented 'Dual Authoring' technology prevents orders and rings from being stolen by any middlemen or blockchain miners without binding orders to any dedicated relayers. The decoupling of orders from relayers makes orders genuinely sharable.

Key data

updated $0
Market cap$14.3M
Volume 24h$1.73M
Circulating supply1.37B99% of max 1.37B
All-time high$3.75-100% from peak · 2021-11-10

Loopring (LRC) is an open-source protocol for building decentralized crypto exchanges (DEXs). It uses zkRollups to enable fast, low-cost trading while maintaining Ethereum's security. The LRC token powers governance and fee discounts within the Loopring ecosystem.

Frequently asked questions

What makes Loopring different from other DEXs?

Loopring combines decentralized trading with zkRollup technology, offering near-instant settlements and lower fees than traditional Ethereum DEXs, without sacrificing security.

How does Loopring's consensus mechanism work?

Loopring uses Ethereum's Proof-of-Work for security but processes transactions off-chain via zkRollups, which bundle thousands of trades into single Ethereum transactions.

How is LRC's supply controlled?

LRC has a fixed hard cap of 1,374,513,896 coins. No new tokens can be minted, making it deflationary as tokens may be burned in protocol operations.

How can I store and use LRC?

LRC is an ERC-20 token compatible with any Ethereum wallet. It's used for paying trading fees at discounted rates and participating in Loopring DAO governance.