Crypto coin

Sell Loopring (LRC)

$0.4378 AUD

 4.70% ()

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What is Loopring (LRC)?

A decentralised exchange (DEX) technology called Loopring (LRC) enables peer-to-peer cryptocurrency trading while supplying improved liquidity, less counterparty risk, and better transparency.

The History of Loopring

The founder of Loopring, Daniel Wang, a former Google software engineer who had previously worked on blockchain initiatives for JD.com, started the company in 2017. By developing a DEX protocol that makes use of off-chain order matching and on-chain settlement, Loopring seeks to offer a non-custodial, trustless, and permissionless trading experience. The initial coin offering (ICO) for Loopring raised over $45 million in ETH in August 2017.

The Use Case of Loopring

The purpose of Loopring is to offer a DEX solution to centralised exchanges that overcomes its drawbacks, such as security problems, hacking incidents, and a lack of transparency. The protocol eliminates counterparty risk and lowers trading costs by enabling peer-to-peer trading of assets without the need for middlemen. A decentralised, automated market maker (AMM) is another tool that Loopring uses to guarantee transaction liquidity and minimise price slippage.

Unlike other DEXs that only allow a small number of tokens, Loopring's protocol enables users to trade with any other ERC-20 token on the Ethereum network, increasing adaptability and flexibility. The Loopring team has also created a mobile wallet app that lets users use their smartphones to access the DEX.

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LRC Price Statistics

coingecko
Loopring Price
$0.4378
24H Low/24H High
$0.411237/$0.453922
7D Low/7D High
$0.2381551/$0.30296674
Trading Volume
$59,714,054.00
Market Cap Rank
#219
Market Cap
$546,181,741.00
Volume/Market Cap
$0.10933
All-Time High
$5.12 -91.44%
25 Nov 2021 (over 2 years)
All-Time Low
$0.02866432 1,427.92%
18 Dec 2019 (over 4 years)
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