Cryptocurrency Loopring (LRC)
The price for Loopring (LRC) cryptocurrency is currently 0.32 $ (15 min delay),
daily range of currency change is 0.31 - 0.32 .
Last 24 hours news: trading volume - 48.10M $, price variance +2.53% .
The highest trading volume belongs to the pair LRC/USDT at the CoinDCX exchange
Project Website - https://loopring.org/
Explorer of transactions - https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd
Twitter Account - https://twitter.com/loopringorg
Chart Loopring (LRC)
|Current price Loopring (lrc)||0.32 $|
|Market Capitalization||471.96M $|
|Trading Volume last 24h||74.20M $|
|Minimum exchange rate (24h)||0.36 $|
|Maximum exchange rate (24h)||0.38 $|
|Market cap rank||№ 96|
|Absolute maximum||3.75 $|
|Absolute minimum||0.020 $|
|0.05%||10.47M $||2023-02-07 08:08:28|
|0.03%||10.30M $||2023-02-07 07:58:46|
|0.05%||6.22M $||2023-02-07 08:07:24|
|0.05%||4.53M $||2023-02-07 08:05:09|
|0.08%||2.80M $||2023-02-07 08:08:01|
What is Loopring (LRC)
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.Â
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 Ethereumâs 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.