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Rank #94
Loopring Price (LRC)
Loopring (LRC)
$0.477161 4.1%
0.00001580 BTC 0.3%
0.00023672 ETH 1.6%
82,093 people like this
$0.446735
24H Range
$0.485562
Market Cap $596,211,080
24 Hour Trading Vol $87,994,720
Fully Diluted Valuation $657,709,491
Total Value Locked (TVL) $198,930,082
Fully Diluted Valuation / TVL Ratio 3.31
Market Cap / TVL Ratio 3.0
Circulating Supply 1,245,991,468
Total Supply 1,373,873,439
Max Supply 1,374,513,896
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LRC
USD
USD

Loopring Price Chart (LRC)

Live Chart

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1h
24h
7d
14d
30d
1y
-1.0%
4.1%
14.8%
-41.4%
-49.0%
-10.1%

LRC Price Statistics

Loopring Price Today
Loopring Price $0.478056
Loopring ROI 696.8%
Market Cap $596,211,080
Market Cap Dominance 0.04%
Trading Volume $88,254,688
Volume / Market Cap 0.1482
24h Low / 24h High $0.446735 / $0.485562
7d Low / 7d High $0.372023 / $0.523712
Market Cap Rank #94
All-Time High $3.75 -87.2%
Nov 10, 2021 (6 months)
All-Time Low $0.019638932027 2336.5%
Dec 18, 2019 (over 2 years)

LRC Price Today

Loopring price today is $0.477161 with a 24-hour trading volume of $87,994,720. LRC price is up 4.1% in the last 24 hours. It has a circulating supply of 1.2 Billion LRC coins and a total supply of 1.37 Billion. If you are looking to buy or sell Loopring, Binance is currently the most active exchange.

What was the highest price for Loopring?

Loopring hit an all time high of $3.75 on Nov 10, 2021 (6 months).

What was the lowest price for Loopring?

Loopring had an all time low of $0.019638932027 on Dec 18, 2019 (over 2 years).

What was the 24 hour trading volume of Loopring?

The 24 hour trading volume of Loopring is $87,994,720.

Where can Loopring be traded?

You can trade Loopring on Binance, WOO Network, and BingX.

 

What is LRC?

LRC is the governance token for Loopring. 

 

How to obtain LRC?

You can purchase LRC from exchanges such as Uniswap or Binance. You can find LRC trading on various centralized and decentralized cryptocurrency exchanges

 

What is Loopring?

loopring dex decentralized exchange

 

Loopring is a Decentralized Exchange (DEX) built on an Ethereum Layer-2 (L2) solution called zkRollup. It has both Automated Market Maker (AMM)-based and orderbook-based 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, Loopring's 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.

Loopring's 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, orderbook-based DEXs can be commercially viable for the first time. Loopring expects non-custodial exchanges can begin to outcompete and displace many centralized counterparts.

 

How to use the Loopring DEX?

Loopring DEX is not composable with other L1 dapps and L2 dapps that are not built on zkRollup. As such, users will have to deposit their assets to the L2 chain before trading. If users want to use other Ethereum applications, they will have to withdraw from the L2 chain back to the Ethereum main chain, incurring significant gas fees. Due to these limitations, Loopring DEX has yet to gain significant traction. 

 

What are the fees incurred from using Loopring DEX?

AMM

There is a 0.25% fee for swaps done on Loopring’s L2 AMM, including the gas fee.



  • 0.15% of this fee goes to liquidity providers (LPs) for the relevant pool. These are the people who provide the assets in the pool for users to swap.




  • 0.1% is the L2 transaction fee, paid to the Loopring relayer so the zkRollup can run.



It is from this L2 fee of 0.1% that the protocol fee is paid. So, 0.1% * 20% protocol percentage = 0.02% protocol fee from AMM swaps.

 

Orderbook

Trading fees on the orderbook follow a maker-taker model.



  • Taker fees are 0.25% (or lower for VIP tiers). Takers are users who take liquidity from the orderbook (they are filled immediately).




  • Maker fees are -0.02% (negative 2 bps). Makers are users who add liquidity to the orderbook (their orders rest on the book for some time). Makers earn rebates for their service of providing liquidity, just like LPs earn in the AMM pools. Makers earn 2 bps (0.02%) on all of their filled orders.




  • On stablecoin vs stablecoin pairs, the taker fee is 0.04%, and the maker fee is still -0.02%.



Protocol fees are once again 20% of the L2 fee (removing the liquidity incentive for makers first). So, protocol percentage = (0.25% - 0.02%) * 20% = 0.046% protocol fee from orderbook trading and 0.004% on stablecoin-stablecoin orderbook trading.

 

Transfers

There are small fixed fees for L2 transfers for users, currently $0.05. The protocol fee is once again 20% of the relayer’s fee, so $0.01.

 

Summary — the current fees earned by the protocol are 



  • 0.020% on AMM swaps




  • 0.046% on orderbook trades




  • 0.004% on stablecoin-stablecoin trades




  • $0.01 on transfers



 

Protocol fees are paid to 3 types of participants: 

a) Liquidity Providers (liquidity mining incentives) - 80% 

b) Insurers - 10%

c) Loopring DAO - 10%

Protocol fees accrued in tokens other than LRC and ETH will be sold for and distributed in LRC or ETH monthly. 



 

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