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Loopring

LRC

  • Layer2
  • DEX
  • DeFi
  • Infra
Established Year
2017
Headquarter
Chinese Mainland
Operating Status
Active
Ecosystem
Ethereum
Loopring is an Ethereum Layer 2 ZK-Rollup protocol for scalable, secure DeFi and NFT applications. Loopring builds non-custodial, high-performance products atop our L2, including the Loopring Wallet — a mobile Ethereum smart wallet, and the Loopring L2 web app — an L2 orderbook and AMM DEX. Additionally, Loopring uses its native LCR token to reward Zero-Knowledge Rollup (zk-Rollup) operators and liquidity providers.

Organisation

Financial Portfolio

Funding

ICO
4 Investors
$45 M

Investment

Orbiter Finance
Orbiter Finance
Seed
$3.2 M
Tritum
Tritum
Seed
$1.1 M
Zecrey
Zecrey
Seed
$1.5 M

Recent News

Frequently Asked Questions

What Is Loopring [LRC]?

LRC is the [Ethereum](https://www.coinlive.com/coin/ethereum)-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges. In 2020, the average daily trading volume of the entire cryptocurrency market fluctuated in the approximate range of $50-$200 million. Most of that trading is conducted on centralized cryptocurrency exchanges — online platforms operated by private companies that store users’ funds and facilitate the matching of buy and sell orders. Such platforms have a number of downsides common to all of them, so a new type of exchange — decentralized— has emerged to try to alleviate these disadvantages. However, fully decentralized exchanges are not without their own flaws. Loopring’s purported goal is to combine centralized order matching with decentralized on-blockchain order settlement into a hybridized product that will take the best aspects of both centralized and decentralized exchanges. LRC tokens became available to the public during an initial coin offering ([ICO](https://coinmarketcap.com/alexandria/glossary/initial-coin-offering-ico)) in August 2017, while the Loopring protocol was first deployed on Ethereum mainnet in December 2019.