What is Loopring?
Loopring is a modular protocol for building decentralized exchanges on multiple blockchains with smart contract support. The Loopring is also a decentralized automated trading execution system that operates with crypto exchanges and blockchains alike. The project utilizes a mechanism that allows it to split the trading orders in small pieces, exchanging them on multiple exchanges at different times, thus optimizing trading results. It uses hybrid solutions similar to 0x, where order matching is done off-chain and the resulting transactions are recorded on-chain. However, the Loopring protocol uses ring matching where multiple orders are mixed and matched in circular trade. Loopring dismisses standard trading pairs by facilitating up to 16 orders simultaneously. The LRC token is an Ethereum version of a Loopring token, as the project’s transactional currency.
|Market Name||Traded On||Average Price||24h Volume|
|LRC/BTC||Binance, OKEx, upBit, IDAX, Gate.io, HitBTC||0.00001755 BTC||$456,699|
|LRC/ETH||Binance, Gate.io, OKEx, IDAX||0.00055485 ETH||$106,305|
Fundamental Cryptocurrency Data
|Circulating supply||788,984,491 LRC|
|Trading volume of all markets for this coin||$562,953|
|Loopring LRC Prices||
0.00 XAU (= 0.00) grams GOLD
0.01 XAG (= 0.28) grams SILVER
|Marketcap|| 13,822 BTC|
2,060.94 kg gold
172,710.67 kg silver