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Loopring LRC

Loopring Price (LRC)
$0.2706
0.03% Buy LRC Now

0.0000692 ETH

0.00000395 BTC

Buy LRC Now
Low: $0.2674
High: $0.2770
24h
Market Cap
$369,845,116
0.03%
Fully Diluted Market Cap
$371,982,325
0.03%
Volume
24h
$11,280,831
1.50%
Volume / Market Cap
0.0305
Circulating Supply
1,366,806,970 LRC
99.44%
Max Supply
1,374,513,896
Total Supply
1,373,873,397

Loopring (LRC) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.01%

Joined at Sep 27, 2007

Following

662

0.00%

Tweet count

6,482

0.12%

Loopring reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Loopring (LRC) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Loopring telegram
Telegram Stats
Visit Telegram

Members

0.06%

Title

Loopring English Community

Loopring traffic
Website Traffic
Visit Website

Website Rating (DR)

69 / 100

0.00%

Ahrefs Rank

130,432

7.75%

Organic Traffic (mo.)

9,272

15.22%

Loopring github
GitHub Organization
Visit GitHub

Public repos

Created at Jun 22, 2017

Type

Organization

Loopring github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Loopring (LRC) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 232,914

Members: 5,277


Live LRC Price Analysis

The current real time Loopring price is $0.2706, and its trading volume is $11,280,831 in the last 24 hours. LRC price has grew by 0.03% in the last day, and increased by 6.55% in the last 7 days. It’s important to note that current Loopring market capitalization is $369,845,116, and the maximum supply is 1,374,513,896 LRC coins. Talking about circulating supply, LRC has 1,366,806,970 coins. Currently, Loopring rank on the market is #178.

Loopring price today is 92.93% below all time high, and it is 1,262.44% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling LRC are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is Loopring (LRC)?

Loopring (LRC) is the native ERC-20 token for the platform of the same name. Loopring is an open-source zkRollup layer 2 solution for Ethereum. It acts as a decentralized exchange (DEX) protocol that also implements some aspects of centralized exchanges (CEX).

The Loopring token is used for utility. Users stake LRC to be able to use the DEX. The platform runs as a decentralized autonomous organization (DAO), with Loopring being used as the governance token during voting. You can take a look at the Loopring price and market capitalization performance in the charts above.

Who Founded Loopring?

Loopring was founded by Daniel Wang. He’s an entrepreneur and a software engineer. He has headed blockchain-based software engineering projects in China and the US. Wang has also co-founded a number of other projects for crypto networks, including Coinport and Taiko Labs.

In 2017, prior to the launch, the team held an initial coin offering (ICO). During this event, the Loopring price was valued at around $0.05-$0.06. The Loopring crypto protocol officially started running in 2019.

The goal of establishing Loopring was to provide a hybrid solution for issues related to both centralized and decentralized exchanges. CEX platforms are the more common method of cryptocurrency exchange. They are owned by centralized entities and the clients do not have access to the internal operations, leading to transparency concerns.

Decentralized exchanges, on the other hand, allow users to trade peer-to-peer, without any intermediary parties. Here, the users’ funds are not held by a custodian, users maintain them themselves, and all transactions are accessible on the distributed ledger.

While CEX platforms are preferred for their ease of use, decentralized exchanges are perceived as more true to the spirit of blockchain – they are not run by custodials and offer more transaction transparency. However, decentralized exchanges are often slower and the lack of KYC regulations can lead to scam transactions.

Loopring combines the strengths of each exchange type while balancing the downsides to create what may be the optimal cryptocurrency exchange model. It offers peer-to-peer transactions at significantly higher speeds.

While the LRC price remained low and showed minimal volatility during the first couple of years, there were market changes in 2020. The token experienced a significant increase in value in November 2021, when the asset nearly peaked at $4.

What Are the Features of Loopring?

Loopring is a blockchain-agnostic protocol. According to the whitepaper, the ticker for any Loopring-related token is LRx. LRC is the Loopring token that runs specifically on the Ethereum network. The platform is also supported on the Neo and Qtum blockchains, using the LRN and LRQ tokens respectively.

The Loopring coin supply is set to nearly 1.4 billion. The asset is deflationary, meaning that its supply is designed to decrease over time. Such scarcity is expected to make the Loopring price increase over time.

As an Ethereum-based platform, Loopring relies on smart contracts to initiate orders and complete transactions. However, as a layer 2 solution, it’s able to process operations faster than Ethereum, with the throughput rate exceeding 2,000 trades per second, compared to ETH’s 15 trades per second.

Users can also earn LRC tokens by a method known as ring-mining. To optimize the transactions and maintain the network liquidity, the protocol automatically conducts an order ring and performs a circular transaction, which can involve up to 16 orders. The orders in the order ring can be of various trading pairs.

The node operators are in charge of sorting the order rings. By maintaining the network and managing the transactions, they receive LRC tokens in return as an incentive to continue their contributions. The decentralized exchange operated by Loopring offers standard services, such as an automated market maker (AMM) and digital order books.

Loopring functions as a decentralized autonomous organization (DAO). As such, LRC token holders are able to participate in the protocol governance. They can also submit proposals for protocol changes. This ensures network decentralization and transparency within the Loopring crypto community.

As many crypto assets, it can be considered volatile. The Loopring price is responsive to the general market trends and experiences frequent fluctuations. However, it is possible that the token's value may increase in the future, particularly if Loopring's utility as a hybrid exchange platform becomes more widely applicable.

What's Loopring trading volume in the last 24 hours?

LRC has a trading volume of $11,280,831 in the last 24 hours.

What's Loopring highest price ever?

LRC has a highest price of $3.83, which was reached on Nov 10, 2021 (2 years 6 months ago).

What's Loopring lowest price ever?

LRC has a lowest price of $0.0199, which was reached on Dec 18, 2019 (4 years 5 months ago).

What are the best exchanges for buying and selling LRC?

Currently, the most active and dominating exchanges for buying and selling Loopring are Binance, Kraken & Kucoin. The most popular Loopring trading pairs are LRC/USDT (on Binance ), LRC/USDT (on WEEX ), LRC/USD (on Coinbase ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping LRC?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Loopring. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Loopring project's Circulating Supply has been verified and is equal to:

Circulating Supply

1,366,806,970 LRC

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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