Loopring (LRC)

$0.527393 (-8.78%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
113 $646,113,000.00 $130,564,000.00 1,225,110,000 LRC -- -8.78% -11.72% $46.31

Exchange Pair Volume (24h) Price
Coinbase Pro LRC/USD 23,201,240.00 0.5463000000
Binance LRC/USDT 28,013,051.00 0.5423100000
Gate.io LRC/USDT 6,934,908.00 0.5440000000
HitBTC LRC/BTC 55,764.00 0.0000120320
OKEx LRC/USDT 23,169,558.00 0.5459000000
Crypto.com LRC/USDT 157,258.00 0.5430800000
CoinBene LRC/USDT 19,777,279.00 0.5394000000
Huobi Global LRC/USDT 6,072,341.00 0.5459000000
Loopring LRC/USDT 2,160,083.00 0.5442000000
Binance LRC/BTC 5,168,772.00 0.0000119400
VCC Exchange LRC/BTC 1,064,867.00 0.0000119600
Coinbase Pro LRC/BTC 1,632,142.00 0.0000120400
BKEX LRC/USDT 4,897,938.00 0.5459400000
HitBTC LRC/ETH 2,607,855.00 0.0001554800
Gemini LRC/USD 268,161.00 0.5450400000
CoinTiger LRC/USDT 473,247.00 0.5433300000
BHEX LRC/USDT 13,021,132.00 0.5425300000
MXC LRC/USDT 528,108.00 0.5443300000
VCC Exchange LRC/ETH 1,443,913.00 0.0001548100
AEX LRC/CNC 438,640.00 3.5380000000
Binance LRC/ETH 2,470,941.00 0.0001546400
Digifinex LRC/USDT 3,037,460.00 0.5430400000
P2PB2B LRC/USD 243,924.00 0.5435800000
P2PB2B LRC/USDT 220,781.00 0.5434800000
OKEx LRC/BTC 3,217,736.00 0.0000120500
Bitrue LRC/ETH 36,178.00 0.0001550900
BitMart LRC/USDT 1,256,806.00 0.5369000000
Uniswap (v2) 0XBBBBCA6A901C926F240B89EACB641D8AEC7AEAFD/ETH 364,513.00 0.0001543973
Binance LRC/BUSD 1,521,868.00 0.5434700000
KuCoin LRC/USDT 944,604.00 0.5444000000
Loopring LRC/ETH 580,945.00 0.0001534600
Bvnex LRC/USDT 2,075,371.00 0.5432630000
Virgox LRC/USDT 466,797.00 0.5390200000
Bitrue LRC/BTC 1,961,195.00 0.0000120400
BiKi LRC/USDT 127,556.00 0.5433000000
Bittrex LRC/BTC 188,283.00 0.0000120300
Coinsbit LRC/ETH 23,445.00 0.0001548100
Huobi Global LRC/BTC 741,443.00 0.0000120000
CoinEx LRC/USDT 58,384.00 0.5406250000
Coinsbit LRC/USDT 284,763.00 0.5443000000
Coinsbit LRC/BTC 53,518.00 0.0000120000
Bilaxy LRC/BTC 65,490.00 0.0000120100
Bitfinex LRC/USD 84,634.00 0.5404100000
Deversifi LRC/USDT 66.54 0.5404100000
P2PB2B LRC/ETH 17,446.30 0.0001548800
KickEX LRC/USDT 511,733.00 0.5449000000
Emirex LRC/USDT 57,873.00 0.5415200000
Upbit LRC/BTC 932,988.00 0.0000118600
BiONE LRC/USDT 134,871.00 0.5449000000
Dex-Trade LRC/BTC 9,648.44 0.0000119600
Emirex LRC/BTC 13,685.40 0.0000120200
FTX LRC/USD 145,362.00 0.5494500000
BTC-Alpha LRC/USDT 424,446.00 0.5414600000
Gate.io LRC/ETH 49,570.00 0.0001546000
Crypto.com LRC/CRO 5,393.60 3.6054000000
Huobi Global LRC/ETH 149,291.00 0.0001542800
Poloniex LRC/USDT 14,460.20 0.5440097000
Hoo.com LRC/USDT 370,153.00 0.5454990000
WazirX LRC/USDT 14,517.19 0.5392900000
LBank LRC/USDT 92,895.00 0.5439000000
AlterDice LRC/ETH 12,159.68 0.0001542800
DragonEx LRC/USDT 298,284.00 0.5398000000
BigONE LRC/USDT 285,224.00 0.5441100000
Gate.io LRC/BTC 32,024.00 0.0000120000
Atomars LRC/USDT 14,132.54 0.5429700000
Atomars LRC/BTC 4,632.72 0.0000119500
LATOKEN LRC/USDT 105,435.00 0.5413700000
Atomars LRC/ETH 2,732.90 0.0001542800
ProBit LRC/USDT 167,731.00 0.5423000000
ProBit LRC/BTC 113,784.00 0.0000120400
Dex-Trade LRC/ETH 7,121.95 0.0001542700
LATOKEN LRC/ETH 4,557.36 0.0001556200
LATOKEN LRC/BTC 22,549.00 0.0000119300
Dove Wallet LRC/ETH 212.53 0.0001536400
Dove Wallet LRC/USDT 140.44 0.5418830000
YoBit LRC/RUR 9.64 40.0000000000
Omgfin LRC/BTC 368,476.00 0.0000119700
Omgfin LRC/USDT 522,362.00 0.5431100000
Omgfin LRC/ETH 240,106.00 0.0001546000
Bittrex LRC/USD 94,428.00 0.5459300000
Dove Wallet LRC/USDC 0.75 0.5397270000
Dcoin LRC/USDT 1,977,514.00 0.5433120000
EXX LRC/USDT 512,404.00 0.5423000000
CoinEx LRC/BTC 8,122.27 0.0000119372
Balancer (v1) 0XBBBBCA6A901C926F240B89EACB641D8AEC7AEAFD/ETH 6,011.24 0.0001572763
Loopring AMM LRC/USDT 3,225,306.00 0.5432800000
Loopring AMM LRC/ETH 1,895,248.00 0.0001545600
WhaleEx LRC/USDT 1,855,998.00 0.5429900000
Upbit Indonesia LRC/BTC 817,779.00 0.0000118600
Yunex.io LRC/USDT 183,996.00 0.5420000000
ZG.com LRC/USDT 66,278.00 0.5444500000
Huobi Korea LRC/USDT 25,887.00 0.5448000000
Loopring AMM LRC/WBTC 21,907.00 0.0000119600
Huobi Korea LRC/BTC 3,891.29 0.0000119900
Huobi Korea LRC/ETH 1,297.30 0.0001542800
Bithumb LRC/KRW 909,715.00 664.5000000000
Bancor Network LRC/BNT 5,774.64 0.0807061818
ProBit LRC/KRW 156,263.00 669.4000000000
CEX.IO LRC/USD 7,153.14 0.5670000000
Bibox LRC/USDT 18,638.83 0.4895290000

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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