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Loopring (LRC)

$0.419706 (14.83%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
71 $558,246,000.00 $81,597,800.00 1,330,090,000 LRC -- 14.83% -3.17% -$62.24

Exchange Pair Volume (24h) Price
Coinbase Exchange LRC/USD 6,040,187.00 0.4251000000
Bitrue LRC/USDT 14,034,766.00 0.4275000000
Bitget LRC/USDT 196,098.00 0.4265000000
Binance LRC/USDT 8,652,800.00 0.4255000000
Dcoin LRC/USDT 4,418,853.00 0.4279000000
BingX LRC/USDT 442,493.00 0.4274000000
XT.COM LRC/USDT 3,110,401.00 0.4271000000
BKEX LRC/USDT 1,369,181.00 0.4273000000
BitMart LRC/USDT 168,263.00 0.4256000000
MEXC Global LRC/USDT 200,405.00 0.4264900000
WhiteBIT LRC/USDT 1,155,008.00 0.4271000000
Digifinex LRC/USDT 1,501,439.00 0.4273200000
Kraken LRC/USD 196,833.00 0.4272000000
Huobi Global LRC/USDT 559,467.00 0.4271000000
Crypto.com Exchange LRC/USDT 322,048.00 0.4260900000
Kraken LRC/EUR 58,673.00 0.4033000000
LBank LRC/USDT 1,748,906.00 0.4270000000
Binance LRC/BUSD 1,880,603.00 0.4272000000
FTX LRC/USD 94,842.00 0.4276500000
Gemini LRC/USD 94,090.00 0.4269000000
CoinTiger LRC/USDT 35,220.00 0.4249300000
Gate.io LRC/USDT 1,229,409.00 0.4262500000
Coinsbit LRC/USDT 1,418,808.00 0.4273844000
Bitvavo LRC/EUR 167,076.00 0.4054300000
OKX LRC/USDT 1,449,390.00 0.4274000000
Coinsbit LRC/ETH 151,827.00 0.0003481300
BtcTurk PRO LRC/TRY 1,695,202.00 7.2500000000
Coinsbit LRC/BTC 164,331.00 0.0000200800
KuCoin LRC/USDT 819,148.00 0.4275000000
Coinbase Exchange LRC/BTC 167,083.00 0.0000200800
AEX LRC/USDT 74,974.00 0.4283000000
HitBTC LRC/BTC 163,643.00 0.0000200380
Binance LRC/BTC 891,642.00 0.0000200200
P2PB2B LRC/USDT 1,811,553.00 0.4243000000
Bibox LRC/USDT 1,057,204.00 0.4272760000
P2PB2B LRC/USD 972,703.00 0.4247000000
eToroX LRC/USD 9,606.21 0.4241900000
AAX LRC/USDT 1,741,747.00 0.4293940000
HitBTC LRC/ETH 129,431.00 0.0003479850
Hoo.com LRC/USDT 3,820,826.00 0.4274300000
Bitfinex LRC/USD 9,673.28 0.4282000000
BTCEX LRC/USDT 4,417,451.00 0.4261000000
Binance LRC/ETH 150,634.00 0.0003476100
Bithumb LRC/KRW 288,352.00 553.9000000000
Binance LRC/TRY 1,168,653.00 7.2200000000
Bitrue LRC/BTC 496,893.00 0.0000200800
Binance US LRC/USD 117,309.00 0.4276000000
Paribu LRC/TRY 1,858,432.00 7.2610000000
OKX LRC/BTC 79,099.00 0.0000200800
Bitso LRC/USD 4,454.51 0.4283400000
Binance US LRC/USDT 21,821.00 0.4270000000
Binance US LRC/BTC 43,271.00 0.0000200500
CoinEx LRC/USDT 11,118.81 0.4273000000
Bitrue LRC/ETH 3,551.00 0.0003458700
Bybit (Spot) LRC/USDT 13,182.74 0.4273000000
OKX LRC/USDC 97,882.00 0.4261000000
LATOKEN LRC/USDT 78,371.00 0.4274000000
Coinbase Exchange LRC/USDT 15,234.34 0.4275000000
BtcTurk PRO LRC/USDT 174,891.00 0.4288000000
P2PB2B LRC/ETH 46,841.00 0.0003465200
Binance LRC/BNB 14,057.38 0.0017850000
Hotbit LRC/USDT 27,884.00 0.4266700000
Dex-Trade LRC/USDT 322,024.00 0.4270000000
Coinstore LRC/USDT 773,201.00 0.4262000000
KuCoin LRC/BTC 3,411.99 0.0000200800
Huobi Global LRC/BTC 22,024.00 0.0000200400
Uniswap (v3) 0XBBBBCA6A901C926F240B89EACB641D8AEC7AEAFD/0XC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2 107,446.00 0.0003461998
Phemex LRC/USDT 255,404.00 0.4277400000
AscendEX (BitMax) LRC/USDT 116,436.00 0.4290000000
BTSE LRC/USD 68,600.00 0.4269000000
KickEX LRC/USDT 391,040.00 0.4251000000
Upbit LRC/BTC 106,792.00 0.0000196300
LATOKEN LRC/BTC 28,912.00 0.0000200800
AlterDice LRC/ETH 30,632.00 0.0003473100
Huobi Global LRC/USDC 1,103,061.00 0.4275000000
KuCoin LRC/ETH 1,357.00 0.0003476000
Dex-Trade LRC/BTC 64,681.00 0.0000200400
Bittrex LRC/BTC 1,832.14 0.0000197000
Gate.io LRC/BTC 2,419.55 0.0000201300
CoinEx LRC/USDC 4,495.54 0.4269000000
Zipmex LRC/IDR 9,118.09 6,294.0400000000
Zipmex LRC/USDT 8,984.24 0.4239500000
CEX.IO LRC/USD 3,902.99 0.4220000000
CoinEx LRC/BTC 4,745.97 0.0000200544
Gate.io LRC/ETH 12,180.76 0.0003478000
LATOKEN LRC/ETH 56,996.00 0.0003480700
Dex-Trade LRC/ETH 55,259.00 0.0003470700
WazirX LRC/USDT 2,546.73 0.4328900000
WazirX LRC/INR 34,474.00 35.0000100000
Huobi Global LRC/ETH 2,168.91 0.0003439600
ProBit Global LRC/USDT 81,835.00 0.4271000000
Bancor Network LRC/BNT 309.40 0.7935483414
Bitrue LRC/USDC 149,211.00 0.4267000000
Uniswap (v3) 0XBBBBCA6A901C926F240B89EACB641D8AEC7AEAFD/0XC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2 1,249.10 0.0003544094
ProBit Global LRC/BTC 63,722.00 0.0000200600
Poloniex LRC/USDT 444.96 0.4269000000
Poloniex LRC/BTC 295.62 0.0000201600
WOO Network LRC/USDT 50,503.00 0.4274000000
TokoCrypto LRC/USDT 7,494.66 0.4249000000
Nominex LRC/USDT 16,222.28 0.4255000000

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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