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Loopring Exchange

Loopring Exchange

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Launched Feb 27, 2020
Decentralized Exchange
Volume (24h)
$392,855
8 BTC 21.71%
Cryptocurrencies
10
Markets
11

Loopring Exchange Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.06%

Joined at Sep 27, 2007

Following

660

0.30%

Tweet count

6,307

0.11%

Loopring Exchange reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

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

Loopring Exchange telegram
Telegram Stats

Members

-

Title

-

Currently, official Loopring Exchange Telegram Stats account doesn’t exist or wasn’t submitted. 🔆

Loopring Exchange traffic
Website Traffic
Visit Website

Website Rating (DR)

66 / 100

1.54%

Ahrefs Rank

166,598

3.09%

Organic Traffic (mo.)

0

Loopring Exchange github
GitHub Organization

Public repos

-

Type

-

Currently, official Loopring Exchange GitHub Organization account doesn’t exist or wasn’t submitted. 🔆

Loopring Exchange github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Loopring Exchange 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: 213,400

Loopring Exchange Statistics

Loopring Exchange Volume
$392,854.51
Volume in BTC
8 BTC
Volume Change 24h
-$85,288.71
21.71%
Cryptocurrencies
10
Markets
11
Market Dominance
0.00%
Market Rank
#109

Loopring Exchange Exchange Overview

Loopring Exchange is a Decentralized exchange that ranks #109 on BitDegree Exchange Tracker. Loopring Exchange has a trading volume of $392,855 in the last 24 hours and $383,140,889 in the last 7 days.

Loopring Exchange currently has 10 cryptocurrencies, 0 fiat currencies and 11 markets (cryptocurrency trading pairs). The most popular trading pair on Loopring Exchange is LRC/USDC.

Compare Loopring Exchange side-by-side with other exchanges here: Exchange Comparison Tool.

Loopring cryptocurrency exchange is a decentralized exchange built on the Ethereum blockchain. The exchange is a part of the Loopring protocol, which is all-encompassing Ethereum's Layer 2 scaling solution that supports NFT projects, DeFi applications, and so on. Besides that, the exchange supports non-custodial trading of Ethereum-based assets and it utilizes zero-knowledge rollup technology.

Users don't have to go through the KYC process. They just need to connect their existing crypto wallets and they are good to go. Additionally, there are no listed countries where the services of the platform are restricted.

Markets

The major markets on the platform are ETH, LRC, USDT, and DAI markets. There are 28 Loopring Exchange trading pairs available on the platform. Some of the major cryptocurrencies supported include Bitcoin, Ethereum, and the Loopring Coin (LRC). Apart from the Loopring Exchange spot market, there are also options for perpetual and futures markets.

Loopring Exchange crypto fees are dependent on Ethereum gas fees for their transactions and swaps. However, as Loopring is a Layer 2 protocol, it allows users to avoid costly gas fees and network congestion. Overall, Loopring exchange fees are based on the maker-taker model, as with most other exchanges. For each service type, Loopring Exchange charges a flat fee and a percentage fee. Check out a detailed fee structure on their website.

The LRC token is the native token of the Loopring crypto exchange. LRC is used for major operations on the network. There is a total supply of around 1,374 million tokens. 20% of this was allotted to the Loopring DAO, 70% was shared among users for staking LRC, and the remaining 10% was set for token burns. You can see the current Loopring Exchange crypto price here.

Other Services

The platform facilitates other DEXs using ring-sharing and order-matching technologies. Thus, Loopring crypto exchange allows for a cross-exchange of assets among various exchanges. Furthermore, it pools orders from all possible exchanges and fills them. This process is done by matching these orders with order books from all other exchanges participating in the Loopring platform.

Users who wish to operate a DEX on Loopring cryptocurrency exchange must have at least 250,000 LRC locked up in their wallets. This allows the operator to initiate an exchange that will use its on-chain data proof.

Besides, LRC also helps to ensure that the Loopring network is used properly. Exchange operators may have their deposited LRC confiscated by the Loopring crypto platform if they do not know how to operate the exchange properly. These confiscated LRCs are shared with users who have decided to stake their LRC tokens. Apart from this, users can decide to stake their LRC and earn part of the Loopring Exchange fees charged by the protocol.

About the Company

The CEO and founder of the Loopring crypto exchange is Daniel Wang. He is an entrepreneur and a software engineer who lives in Shanghai, China. Daniel is a computer scientist with a bachelor’s degree from the Science & Technology University of China. Besides, he also holds a master’s degree in computer science from Arizona State University.

Before Loopring, Daniel started Coin Port Technology Limited, around 2014. Over his career, he has held several executive and managerial positions in reputable technological companies. For example, he was the vice president and co-founder of Yunrang and the former technical lead and software engineer at Google. Other members of the leading team are Johnston Chen, Steve Gou, and Jay Zhou.

The Loopring Foundation launched the LRC token and held an ICO (initial coin offering) around August 2017. Later, in 2019, the protocol itself was deployed on the Ethereum mainnet.

As of December 2022, the 24-hour Loopring Exchange trade volume ranged around $920 thousand dollars. Check out the current Loopring Exchange volume above.

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It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange. It's a direct supply & demand indicator of the exchange.

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It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange. It's a direct supply & demand indicator of the exchange.

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The total number of different crypto pairs that's available to be traded on this specific exchange.

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The total number of different crypto pairs that's available to be traded on this specific exchange.

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The total number of coins/tokens available to be traded on this specific exchange.

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The total number of coins/tokens available to be traded on this specific exchange.

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It is a quantitative metric in percentage describing how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange, compared to the previous 24 hours.

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It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange, and is valued in Bitcoin. It's a direct supply & demand indicator of the exchange.

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The current exchange Volume Dominance among all other exchanges in the market.

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It's an overall rank of the specific exchange compared to all other crypto exchanges in the market.

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Current volume of Loopring Exchange is $392,855

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