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Loopring current price is $0.1649.

Loopring current price is $0.1649 with a marketcap of $192.42 M. Its price is -0.97% down in last 24 hours.


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  • loopring
    Loopring (LRC)
  • Live Price
    $0.1649
  • 24h %
    -0.97%
  • Market Cap
    $192.42 M
  • Volume
    $69.19 M
  • Available Supply
    1.19 B LRC
  • Rank
    69

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★ More Info About Loopring

Loopring is a decentralized exchange protocol and an “automated execution system” built on Ethereum that will allow its users to trade assets across exchanges. It isn’t a decentralized exchange. Rather, it facilitates decentralized exchanging through ring-sharing and order matching. Decentralized and centralized exchanges alike will be able to implement Loopring, giving the exchanges access to cross blockchain and cross exchange liquidity and giving investors access to the best prices available on the broader market. Moreover, Loopring is blockchain agnostic, meaning that any platform that uses smart contracts (e.g., NEO, Ethereum, Qtum) can integrate with Loopring. Serving as its head, Loopring founder Daniel Wang used to run a centralized exchange called Coin Port back in 2014. “At that time,” he told Coin Central in an interview, “[I was] trying to solve the problems of centralized exchanges, and then I realized that it’s not possible. Those problems are inherent to the centralized exchange model.” Thus, he began conceptualizing what would become Loopring. In the past, he’s also held a position as a Google Tech Lead and was a co-founder and VP of Yunrang Technology. Loopring’s CMO, Jay Zhou, was formerly employed by Ernst and Young, helped found SJ Consulting, and used to work in PayPal’s Risk Operations unit. Johnston Chen, the project’s COO, has worked as the chief information officer at 3NOD. Loopring is not a DEX, but a modular protocol for building DEXs on multiple blockchains. We disassemble the component parts of a traditional exchange and offer a set of public smart contracts and decentralized actors in its place. The roles in the network include wallets, relays, liquidity-sharing consortium blockchains, order book browsers, Ring-Miners, and asset tokenization services. Before defining each, we should first understand Loopring orders. At its root, the Loopring protocol is a social protocol in the sense that it relies on coordination amongst members to operate effectively towards a goal. This is not dissimilar to cryptoeconomic protocols at large, and indeed, its usefulness is largely protected by the same mechanisms of coordination problems [20], grim trigger equilibrium, and bounded rationality. The Loopring Protocol can facilitate trading between ERC20 tokens. Loopr needs to convert Ether to Ether Token for trading as Ether is not ERC20 compatible, but Ether Token is. Converting between Ether and Ether Token will be done for you automatically when you submit an order, but if you want to trade frequently, we strongly suggest you to convert some Ether to Ether Token beforehand manually; otherwise each order will take one more blockchain transaction just for the ETH-WETH conversion which takes time and gas. Conversions between ETH and WETH are done on-chain through Ethereum transactions. ETH and WETH are always converted 1:1 which is guaranteed by the WETH smart contract. The WETH smart contract also guarantees the total WETH issued is exactly the total ETH deposited. In other words, ETH and WETH is equiviate in value, and WETH is just the ERC20 form of ETH. The Loopring blockchain project had managed to raise almost 15 million US dollars during the period of the Loopring ICO, as all the regulatory experts watched this unprecedented crowdfunding. Daniel Wang, the founder and the main person behind the Loopring ICO, hand made it very transparent that the interface is quite bad but the underlying mechanism and the Order matching facility is very great. Loopring mining can be initiated very easily by using various performance calculating devices such as CPU, GPU, as well as application specific integrated circuits. The Loopring mining process can be initiated through the high-end Linux systems, according to reports. Loopring mining is basically a metaphor which is not similar to the Bitcoin mining but here the users need to match the specific orders from a huge database. Specifically, Loopring mining requires the usage of the ethereum nodes along with JSON API, IPFS, etc. Check out CoinBureau for the full review of Loopring.

Loopring Historical Data

Date Price Volume MarketCap

Loopring Markets / Exchanges

# Exchange Pair Price Volume (24h) Updated

Loopring Twitter News Feed

Finish your weekend with a nice video workshop from our Chief Architect, @Brechtpd, on how to implement AMM pools on Loopring's zkRollup.

📼
2:00 zkRollup overview
7:00 Loopring 3.6 overview
18:45 Implement AMM

https://youtu.be/42XXeAiwdlk?t=103

For any Ethereum smart contract devs and ZKP circuit wizards: the Loopring 3.6 bug bounty is live until end of November.

Help find bugs in our zkRollup protocol and become an L2 hero (and earn some LRC). 🦸 🪙

https://medium.com/loopring-protocol/loopring-3-6-bug-bounty-a4843343910b

Any day with a trade block of size 1024 is a good day for us. Bigger batches means more efficiency for a zkRollup, as the largely fixed proof cost is amortized over more txs.

In v3.6, we have batches of size 4096. We hope to have the activity to fill them up quickly! 🌝

Nice post about L2 interoperability. Starkware's concept of conditional transfers helped inspire that function at Loopring. As alluded, fast withdrawals are but one cool use of them. They can be used for lots more, especially if paired with 'agents' 🕵️‍♀️ https://github.com/Loopring/protocols/blob/master/packages/loopring_v3/DESIGN.md#Conditional-Transactions

StarkWare@StarkWareLtd

L2 scalability solutions need fast, inexpensive and trustless bridges.

Here is our post on how to improve interoperability.
https://medium.com/starkware/the-road-to-l2-interoperability-718ff69ec822

As Ethereum L2s (and really, rollups) take centre stage, it's a good time to revisit a semi-technical lesson on what is a zkRollup, and how it differs from plasmas & optimistic rollups.

This video with @Covalent_HQ lives up to its hidden gem name 💎

https://youtu.be/edZPUeoCFCk

5/ This attack vector cannot be mitigated as long as ETH mainnet remains PoW (quite some time yet).

Needless to say, these concerns do not apply to ZK rollups. Cryptographic assumptions aside, ZKRs offer exactly the same passive security guarantees as L1's.

💳 #EidooCard is #Layer2 activated!

🚀 We've joined forces with @loopringorg to deliver faster, cheaper transactions with a Layer 2 solution. Read on and order yours!
https://en.cryptonomist.ch/blog/eidoo/eidoo-card-integrates-loopring-the-layer-2-solution-for-faster-cheaper-transactions-globally/

Nice. http://Loopring.io accounts up, withdrawals down.

Users are catching on that you don't need to withdraw when you are 'done' doing things (trades/transfers) on a zkRollup. You can leave for 5 yrs, come back, & your assets will be there, as long as Ethereum exists 🫂

2

Hey! Our online event featuring a panel with @omgnetworkhq @loopringorg @zksync and @optimismPBC is happening tomorrow at 4pm CEST - Join us here: http://eventbrite.com/e/golem-3-layer-2-tickets-124704770325

If you run a profitable trading/market making strategy on a CEX, and then it gets hacked or halted, your return is ~-100% 🤷

Deploy those same HFT/sophisticated strategies on an Ethereum L2 DEX: fast, gas-free, SECURE.

API
https://docs.loopring.io/en/

Bots
https://github.com/Loopring/awesome-loopring/blob/master/README.md#Trading-Bot-Software

Best one yet: at 18 gwei, onboarding to Loopring's zkRollup (274k gas) costs $1.86

I know we are all happy with low gas prices. But now's the time to prepare and get on L2. Ethereum isn't getting any less popular.

Onboard at http://loopring.io or http://rails.eth.link

Thanks to everyone who joined our first community call 🥇

The participation and questions were valuable and appreciated. We are lucky to have amazing supporters - many of whom have been with us for 3+ years 🙏

Here is the recording:
https://youtu.be/n8d_oykXHVI

There was lots interesting talk about AMM vs CLOB this week.

Well, why not both? And on Ethereum L2! 🤯

Loopring's zkRollup adds support for AMMs in our v3.6 upgrade. https://medium.com/loopring-protocol/looprings-new-relayer-added-amm-support-557a029bd21b

A single order can be filled from both book & pool. We'll find out which LPs 'win'.

There are 6400 people (or, Ethereum addresses) that stay calm when they hear news of 'CEX hacked, suspended', or what not 🧘

They trade on orderbooks at the speed of a click, gas-free - but their funds are always safe on our zkRollup.

LoopringBot@LoopringBot

🥳 New user joined #6400
https://etherscan.io/tx/0x6a0f2f7f92f8ab2d0fb239a8146f92722df7bab9aab89227d8015fa7490412ee

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