Loopring
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Loopring in numbers
Loopring (LRC) ranks #915 by market capitalization, at $13.52M. It belongs to the Networks sector (Ethereum Layer-2). It has traded since Sep 1, 2017, across 217 markets on 22 exchanges, with $1.82M of volume in the last 24 hours. Its all-time high of $3.70 was reached on Nov 10, 2021; the current price is 99.8% below that peak. Its cycle low of $0.00733994 came on Oct 30, 2026.
99.6% of the maximum supply of 1.37B LRC is in circulation. 4 investors are recorded as backers, including Fundamental Labs, Eden Block, NEO EcoFund. Development data lists 5 core developers and 14,314 code commits. On Ethereum, 159,797 addresses hold LRC. It is available on 2 networks.
About Loopring
Loopring is a Layer 2 scaling protocol for Ethereum that focuses on secure, high-speed, and low-cost trading and payment services. It leverages zkRollup technology to enhance transaction throughput while ensuring assets are secured by the Ethereum blockchain. Loopring is designed to support decentralized exchanges and payment platforms, facilitating efficient and scalable crypto transactions.
Background
Loopring's primary objectives include reducing user reliance on centralized exchanges or other trusted third parties and enabling global liquid markets. Loopring protocol pursues this by incentivizing ecosystem participants to perform exchange functions in a decentralized manner, with trades processed by non-custodial smart contracts.
Although blockchains inherently provide trustless trading, there are problems with building exchanges purely on-chain. Specifically, processing speed, throughput, and computation costs. Performing all exchange steps on-chain can be prohibitively expensive, or impossible to emulate centralized exchange speed and performance. For these reasons, Loopring has moved almost all data and computation off-chain but leverages zero-knowledge proofs to retain trust-minimized properties.
Loopring originally planned to be blockchain agnostic and to operate on all feasible large public blockchains with smart contract capability. Loopring was first deployed on Ethereum to trade ERC20 tokens and uses its LRC token to operate. It has deployed on top of NEO and airdropped a native LRN, however, that effort is paused. There were plans for a similar launch on top of QTUM with an LRQ token but that was scrapped entirely.