The live Loopring (LRC) price is $0.09746, with a 24 hours Blynex trading volume of 14.43 K. The price of LRC changed by -1.77% in the past 24 hours. With a circulating supply of 1.36B LRC and a maximum supply of 1.37B LRC coins. LRC currently ranks #246 in market cap. You have the option to purchase Loopring (LRC) on the Blynex exchange.
Date of Issue: 04.02.2021
Loopring (LRC) s the Ethereum-based cryptocurrency token of Loopring....
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Lower Price 0.09661
24H
0.10012 Upper Price
24H Value
14.43 K
Market Cap(USD)
133.21 M
Circulating
1.37 B
Total Supply
1.37 B
Loopring (LRC) Live Price Data
Markets
| Market | Price | 24h % | 24h High | 24h Low | 24h Volume | |
|---|---|---|---|---|---|---|
LRC/USDT |
$0.09746 | -1.77% | 0.10012 | 0.09661 | 14.29 K | Trade |
About Loopring (LRC)
Loopring (LRC) s the Ethereum-based cryptocurrency token of Loopring. Buying LRC on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy Loopring (LRC).
What is Loopring (LRC)?
Loopring (LRC) is an Ethereum-based cryptocurrency token that powers the Loopring protocol, an open-source solution designed to enable decentralized crypto exchanges. The protocol combines the benefits of both centralized and decentralized exchanges, providing a hybrid model that optimizes efficiency, security, and transparency. Loopring aims to solve key issues in cryptocurrency trading, such as liquidity fragmentation and security risks.
Hybrid Model of Looprin
While most cryptocurrency trading occurs on centralized exchanges, these platforms face major risks like fund custody and a lack of transparency. Loopring solves these challenges by integrating centralized order matching with decentralized on-chain settlement. This unique approach allows users to maintain control over their funds while benefiting from fast, efficient, and secure transactions. By combining the best of both worlds, Loopring provides a safer and more scalable solution for traders.
The Technology Behind Looprin
Loopring’s protocol uses a Layer 2 scaling solution and zk-rollups (zero-knowledge rollups) to enhance transaction speed and lower costs. By batching transactions off-chain and then settling them on the Ethereum blockchain, Loopring ensures that users can make trades with high efficiency and minimal fees. This system helps reduce the scalability issues common in fully decentralized exchanges (DEXs) and provides liquidity aggregation across various platforms.
The Founders of Looprin
Daniel Wang, the founder and current CEO of the Loopring Foundation, leads the development of the Loopring protocol. A seasoned software engineer and entrepreneur, Wang has extensive experience with top tech companies, including Google, JD.com, and Boston Scientific. He co-founded Coinport Technology and Yunrang, applying his expertise to create a decentralized exchange protocol that addresses the core challenges of crypto trading.
Why Loopring is Uniqu
What sets Loopring apart is its innovative hybrid model that enhances the efficiency of decentralized exchanges (DEXs). While traditional DEXs suffer from low liquidity and inefficiency, Loopring tackles these issues by enabling centralized order matching and utilizing blockchain technology for transaction settlement. Its protocol aggregates liquidity and can combine up to 16 orders into circular trades, boosting execution speed and overall market liquidity, making it a key player in the decentralized finance (DeFi) space.LRC to local currency
- LRC to USD0.0985711810
- LRC to EUR0.0909176430
- LRC to AUD0.1565392700
- LRC to KRW144.936
- LRC to JPY14.713
- LRC to GBP0.076
- LRC to INR8.431
- LRC to CAD0.141
- LRC to AED0.362
- LRC to RUB8.365
LRC to crypto currency
- LRC to BTC0.0000012048
- LRC to ETH0.0000544675
- LRC to USDT0.0985365800
- LRC to BNB0.0001634655
- LRC to SOL0.0007816201
- LRC to XRP0.0466789290
- LRC to ADA0.1499059200
- LRC to TRX0.4217990300
- LRC to LTC0.0011477563
- LRC to TON0.0253139690
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