- Loopring is a Decentralized Exchange #DEX built on an Ethereum Layer2 L2 solution called zkRollup. - It has both Automated Market Maker AMMbased and orderbookbased exchanges. zkRollup is an Ethereum L2 scaling solution that migrates computations off the blockchain. - Loopring protocol only uses the underlying Ethereum blockchain as a data layer and a verification layer. - As a result, Looprings throughput is as high as 2,025 trades per second compared to Ethereum’s current throughput of 15 transactions per second. - The result is that the cost per trade settlement is as small as $0.00015.Looprings performance is sufficient for professional traders and market makers to deploy algorithmic strategies and other automated trading bots. - This was not previously possible on any DEX as it was prohibitively slow and expensive. - By building on top of Loopring 3.0, orderbookbased DEXs can be commercially viable for the first time. - Loopring expects noncustodial exchanges can begin to outcompete and displace many centralized counterparts..
Summary of the coin Loopring
market value (Market Capital) Ranked 214
Current Price: 0.27 $USD (+1.30%) highest price statistics: 3.75 $USD total number of coins(Supply): 1,374,513,896.00 coin circulated (Circulated): 1,245,991,468.94 coin
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