Ethereum
Token price
-2.46% last 24h
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Market cap
24h vol
Holders
Total liquidity
-
Balance: $0
($98.49 M)
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CoinMarketCap.comLoopring, a decentralized exchange (DEX) rooted in Ethereum, typically attracts those who implement algorithmic strategies and automated trading mechanisms. In an ongoing effort to remain relevant, they focus on enhancing elements of Loopring 3.0. They interpret a potential growth in the popularity of non-custodial exchanges. Leveraging the use of zkRollup, an Ethereum Layer2 (L2) solution, Loopring effectively addresses concerns of scalability and cost. It makes use of the Ethereum blockchain for the data layer, and zkRollup for the verification component, resulting in reduced resource consumption when settling trades. With this L2 solution, Loopring is able to process a high number of trades per second, much more than what Ethereum can generally handle. Their mission is centered around the provision of economically feasible and high-performance decentralized exchange (DEX) alternatives, tailored to the needs of frequent traders. The platform also lays emphasis on the incorporation of automated market maker (AMM) functionality within its exchanges driven by orderbooks, demonstrating their commitment towards cultivating a viable decentralized trading platform.
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LRC Metrics:
Current price: $0.2123
Market cap: $264.53 M
All-time high: being indexed (being indexed)
All-time low: being indexed (being indexed)
Daily trading volume: $1.29 k
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