Loopring is a Decentralized Exchange (DEX) built on an Ethereum Layer-2 (L2) solution called zkRollup. It has both Automated Market Maker (AMM)-based and orderbook-based exchanges.
zkRollup is an Ethereum L2 scaling solution that migrates computations off the blockchain. Loopring protocol only uses the underlying Ethereum blockchain as a data layer and a verification layer. As a result, Loopring's throughput is as high as 2,025 trades per second compared to Ethereum’s current throughput of 15 transactions per second. The result is that the cost per trade settlement is as small as $0.00015.
Loopring's performance is sufficient for professional traders and market makers to deploy algorithmic strategies and other automated trading bots. This was not previously possible on any DEX as it was prohibitively slow and expensive. By building on top of Loopring 3.0, orderbook-based DEXs can be commercially viable for the first time. Loopring expects non-custodial exchanges can begin to outcompete and displace many centralized counterparts.
Where is Loopring available for purchase?
You can exchange LRC tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Loopring is Binance, notably the LRC/USDT pair, which saw a trading volume of $ 2,90 MLN. in the past day. Additionally, GroveX and MEXC are popular alternatives for trading tokens.
What is the highest value Loopring (LRC) has ever reached?
Loopring (LRC) reached its peak price at 3.75 $ on 10 November 2021, approximately 4 years ago ago. Presently, the current price is -97.62% lower than this all-time high.
What is the historical minimum price for Loopring (LRC)?
The minimum price reached for Loopring (LRC) was 0.01963 $, documented on 18 December 2019, more than 6 years ago. In comparison, the current price is 354.14%, it above this historical low.
What is the fully diluted valuation of Loopring (LRC)?
The fully diluted valuation (FDV) of Loopring (LRC) stands at $ 132,37 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,374,513,896 LRC tokens. The realization of this FDV might take several years depending on the emission schedule of LRC tokens.
How to add Loopring (LRC) to MetaMask?
By integrating Loopring (LRC) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import LRC as a token. You can either manually import LRC by copying its contract address (0xbbbbca6a901c926f240b89eacb641d8aec7aeafd) or use MetaMask's Chrome extension to add LRC with a single click through P.CASH.
How to add Loopring (LRC) to TrustWallet?
Incorporating Loopring (LRC) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include LRC, you can either manually import it using the contract address (0xbbbbca6a901c926f240b89eacb641d8aec7aeafd) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
IMPORTANT DISCLAIMER:
The information presented on our website and associated platforms is sourced from third parties and is intended for general informational purposes only. We do not guarantee the accuracy or timeliness of this content. None of the information provided should be construed as financial, legal, or other professional advice tailored to your specific needs. Your use of this content is at your own discretion and risk. It's important to independently research, evaluate, and verify the information before relying on it. Trading carries significant risks, so it's advisable to consult with a financial advisor before making any decisions. Our content is not intended to solicit or offer any services.