Loopring (LRC)

$0.212044 (-14.06%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
57 $242,311,000.00 $77,146,400.00 1,142,740,000 LRC -- -14.06% -11.38% $29.81

Exchange Pair Volume (24h) Price
Coinbase Pro LRC/USD 2,128,924.00 0.2149000000
Binance LRC/BTC 2,097,850.00 0.0000209000
Binance LRC/USDT 4,703,605.00 0.2149100000
Gate.io LRC/USDT 419,356.00 0.2164600000
OKEx LRC/USDT 3,598,237.00 0.2152000000
OKEx LRC/BTC 1,059,578.00 0.0000209000
AEX LRC/CNC 1,087,225.00 1.4550000000
Uniswap (v2) 0XBBBBCA6A901C926F240B89EACB641D8AEC7AEAFD/ETH 672,490.00 0.0006611799
CoinTiger LRC/USDT 21,905.00 0.2144000000
Bilaxy LRC/BTC 550,219.00 0.0000208800
Bithumb LRC/KRW 623,623.00 250.5000000000
Loopring LRC/USDT 101,415.00 0.2142000000
Binance LRC/ETH 283,258.00 0.0006657900
Loopring LRC/ETH 75,541.00 0.0006616100
BKEX LRC/USDT 478,440.00 0.2146200000
Coinsbit LRC/ETH 21,646.00 0.0006657300
OKEx LRC/ETH 241,661.00 0.0006650000
Coinsbit LRC/BTC 64,822.00 0.0000208900
Binance LRC/BUSD 85,287.00 0.2138800000
Bitfinex LRC/BTC 5,521.06 0.0000208100
Coinsbit LRC/USDT 106,173.00 0.2122900000
Huobi Global LRC/USDT 438,716.00 0.2158000000
Balancer 0XBBBBCA6A901C926F240B89EACB641D8AEC7AEAFD/ETH 8,054.68 0.0006467995
Bitfinex LRC/USD 8,604.22 0.2103500000
CoinEx LRC/USDT 306,951.00 0.2141000000
Huobi Global LRC/BTC 31,385.00 0.0000209900
ProBit LRC/KRW 135,671.00 251.4000000000
ProBit LRC/USDT 142,825.00 0.2152000000
ProBit LRC/BTC 116,889.00 0.0000208900
Bittrex LRC/BTC 10,803.04 0.0000208700
Poloniex LRC/USDT 657.31 0.2135241900
Atomars LRC/USDT 26,516.00 0.2149800000
Dex-Trade LRC/BTC 287.55 0.0000208500
Huobi Global LRC/ETH 33,334.00 0.0006650300
AlterDice LRC/ETH 233.78 0.0006624300
Atomars LRC/BTC 14,048.26 0.0000208700
Gate.io LRC/ETH 4,084.57 0.0006550000
Atomars LRC/ETH 2,207.11 0.0006629400
Livecoin LRC/BTC 474.11 0.0000214200
Zebitex LRC/BTC 20.38 0.0000205400
HitBTC LRC/BTC 5,378.65 0.0000209020
HBTC LRC/USDT 5,736,595.00 0.2159000000
MXC LRC/USDT 958,321.00 0.2143600000
Bitrue LRC/BTC 769,674.00 0.0000208900
HitBTC LRC/ETH 8.42 0.0006667960
Bvnex LRC/USDT 450,347.00 0.2142980000
Bitrue LRC/ETH 12,306.81 0.0006650000
DragonEx LRC/USDT 307,590.00 0.2145000000
Digifinex LRC/USDT 238.41 0.2131000000
Omgfin LRC/BTC 165,379.00 0.0000208000
Bione LRC/BTC 156,501.00 0.0000208800
Omgfin LRC/USDT 210,697.00 0.2118200000
Omgfin LRC/ETH 97,261.00 0.0006636100
Bione LRC/ETH 170,405.00 0.0006630000
Bione LRC/USDT 57,858.00 0.2147000000
Dex-Trade LRC/ETH 40.61 0.0006638600
CoinEx LRC/ETH 104,481.00 0.0006634900
YoBit LRC/BTC 2.45 0.0000223200
Zebitex LRC/ETH 12.48 0.0006589000
Gate.io LRC/BTC 8,208.35 0.0000207000
Zebitex LRC/USDT 110.55 0.2141120900
Poloniex LRC/BTC 562.18 0.0000197900
Upbit LRC/BTC 811.44 0.0000206300
IDCM LRC/USDT 51,077,418.00 0.2120000000
Dcoin LRC/USDT 510,202.00 0.2148700000
Bibox LRC/USDT 93,459.00 0.2152770000
CoinEx LRC/BTC 110,676.00 0.0000207902
ZG.TOP LRC/USDT 152,411.00 0.2148570000
WhaleEx LRC/USDT 73,464.00 0.2151700000
Yunex.io LRC/USDT 61,886.00 0.2150000000
Kyber Network LRC/ETH 31,844.00 0.0006627523
Upbit Indonesia LRC/BTC 1,676.76 0.0000206300
Uniswap (v1) LRC/ETH 151.25 0.0006575138
Huobi Korea LRC/BTC 19.96 0.0000210700
Hoo.com LRC/USDT 302,358.00 0.2141000000
Hoo.com LRC/ETH 350,286.00 0.0006656800
Balancer 0XBBBBCA6A901C926F240B89EACB641D8AEC7AEAFD/USDC 189.89 0.2385764816
Balancer 0XBBBBCA6A901C926F240B89EACB641D8AEC7AEAFD/DAI 71.53 0.2362958413
YoBit LRC/WAVES 3.05 0.1027532200
BitBNS LRC/INR 156.28 16.0700000000
YoBit LRC/RUR 2.66 17.9521515300
YoBit LRC/DOGE 2.61 86.8915317600
YoBit LRC/USD 1.56 0.2366653600
YoBit LRC/ETH 0.65 0.0006820000
Livecoin LRC/ETH 1.80 0.0006940000
1inch 0XBBBBCA6A901C926F240B89EACB641D8AEC7AEAFD/ETH 6,121.88 0.0007286144
Huobi Korea LRC/USDT 981.94 0.2598000000
Livecoin LRC/USDT 296.33 0.4249998200
BitMart LRC/USDT 240.53 0.2006000000
Coinbit LRC/BTC 0.00 0.0000000000

Links


Background

Loopring is an open protocol for decentralized token exchange. Like other decentralized exchange (DEX) protocols, its primary objectives include reducing user reliance on centralized exchanges or other trusted third parties, and enabling global liquid markets. Loopring protocol pursues this by incentivizing ecosystem participants to perform exchange functions in a decentralized manner, with trades processed by non-custodial smart contracts. The protocol can be utilized to build DEXs, or integrated by any DApp that incorporates token exchange functionality. Although blockchains inherently provide trustless trading, there are problems with building exchanges purely on-chain. Specifically, processing speed, throughput, and computation costs. Performing all exchange steps on-chain can be prohibitively expensive, or impossible to emulate centralized exchange speed and performance. For these reasons, Loopring, operates a hybrid model with off-chain order management and communication and on-chain transaction and settlement. The team hopes this will optimize for performance and flexibility of orders while executing the critical settlement step on-chain in public smart contracts. This is similar to other DEX protocols, such as 0x, but Loopring offers some novel solutions, such as order-rings, and dual-authoring. Instead of having to deposit tokens on a centralized exchange, users maintain control of their funds and trade directly from wallets. Loopring is blockchain agnostic and plans to operate on all feasible large public blockchains with smart contract capability. Their approach is to modify the Loopring protocol to fit specifically on top of public chains and allow their respective native token standards to be traded. Loopring was first deployed on Ethereum to trade ERC20 tokens, and uses its LRC token to operate. It has also adapted to deploy on top of NEO (LRN), and on top of QTUM (LRQ). These tokens are used as payment to incentivize ecosystem participants, like miners and wallet providers, to operate the network.

Technology

Loopring structures trade orders in what is called a unidirectional order model (UDOM). In this format, trades are formatted as “exchange requests”, where there is no price a common currency, but instead an exchange of tokens. For example a quote could be presented as amount X of token one for amount y of token two. Using this structure Loopring is able to create an order-ring matching system that allows disparate trading pairs to be stitched together in circular trade. Orders can be mixed across assets without needing to directly find an order for the same pair. This can remove the need to use common base pairs like bitcoin or ether while potentially increasing the liquidity as the set of potential counterparties is expanded. Up to 16 orders can be included in such an order-ring. The overall network is formed by wallets, a relay-mesh blockchain, relays and ring miners, smart contracts, and asset tokenization services. Each of these actors performs a separate function of the exchange process, and are incentivized to do so by receiving the utility token, LRC. The exchange process is as follows: 1) Users initiate an exchange order from their own wallets which have the Loopring protocol implemented (i.e. the ability to send compliant orders to the network). 2) The order is sent to a mesh network of relays. 3) relays update their order books and communicate with each other to match orders. 4) Ring-miners run matching algorithms to produce order-rings and submit them to the smart contract for execution. 5) Loopring protocol smart contracts execute the trade atomically, swap the traders’ tokens, and pay fees to wallets and relayers for their services. Another technology offered by Loopring aims to solve the issue of possibile front running. Front running in decentralized exchanges happens when someone (normal user or miner) sees a pending exchange transaction in the underlying blockchain’s mempool, and tries to ‘get in front’ of it by creating their own equivalent order with a higher gas fee. Through a technology called Dual-Authoring , Loopring structures orders with a second set of signatures, producing unique hashes, and making certain that single orders and full order-rings cannot be stolen. By building the protocol and distinct tokens on each chain, Loopring allows for the respective native blockchain-based assets to be traded freely and trustlessly. This approach is in contrast to other DEX protocols that are not actively deploying on multiple chains, or rely or plan on relying on cross-chain atomic swaps. Loopring offers ecosystem participants flexibility in how they choose to operate in their roles. Relays can structure their order book however they see fit, can communicate with whichever other relays they choose (or none), and can interact with wallets in novel ways. As such, Loopring wants to allow network members to operate the best and most profitable ‘business models’ to please users.



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