Loopring (LRC)

$0.393224 (-0.26%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
60 $475,766,000.00 $84,119,000.00 1,209,910,000 LRC -- -0.26% 7.76% $1.02

Exchange Pair Volume (24h) Price
Uniswap (v2) 0XBBBBCA6A901C926F240B89EACB641D8AEC7AEAFD/ETH 3,238,492.00 0.0003169252
Coinbase Pro LRC/USD 11,199,144.00 0.3998000000
Binance LRC/USDT 10,550,064.00 0.3996700000
Coinbase Pro LRC/BTC 915,566.00 0.0000108600
Binance LRC/BTC 4,320,254.00 0.0000109100
Crypto.com LRC/USDT 54,047.00 0.4018000000
Huobi Global LRC/USDT 2,770,664.00 0.4001000000
HitBTC LRC/BTC 7,848.76 0.0000109300
CoinTiger LRC/USDT 123,121.00 0.4009700000
OKEx LRC/USDT 9,206,105.00 0.3997000000
Bithumb LRC/KRW 1,059,331.00 442.2000000000
BiKi LRC/USDT 76,088.00 0.4002000000
MXC LRC/USDT 1,947,975.00 0.3997000000
OKEx LRC/BTC 2,923,653.00 0.0000108700
AEX LRC/CNC 961,490.00 2.5560000000
HitBTC LRC/ETH 10,261.16 0.0003148800
Gate.io LRC/USDT 824,161.00 0.4001700000
Loopring LRC/USDT 555,184.00 0.4011000000
P2PB2B LRC/USDT 89,673.00 0.4014400000
Bitrue LRC/BTC 2,330,187.00 0.0000109600
P2PB2B LRC/USD 95,469.00 0.4027700000
Coinsbit LRC/USDT 184,679.00 0.3989400000
Coinsbit LRC/ETH 33,409.00 0.0003159200
Bitrue LRC/ETH 15,096.19 0.0003140000
Hotbit LRC/USDT 66,204.00 0.4016700000
Binance LRC/ETH 686,377.00 0.0003170700
Digifinex LRC/USDT 591,634.00 0.3991000000
Coinsbit LRC/BTC 110,454.00 0.0000108800
Binance LRC/BUSD 269,852.00 0.3988800000
P2PB2B LRC/ETH 11,173.34 0.0003164800
BTC-Alpha LRC/USDT 314,337.00 0.4007400000
Bittrex LRC/BTC 17,212.37 0.0000108700
Bitfinex LRC/BTC 9,674.59 0.0000108700
Emirex LRC/USDT 62,610.00 0.3938200000
OKEx LRC/ETH 611,892.00 0.0003150000
Bitfinex LRC/USD 23,432.00 0.4003800000
Bilaxy LRC/BTC 1,017,187.00 0.0000109400
BKEX LRC/USDT 857,893.00 0.3988300000
CoinEx LRC/USDT 423,036.00 0.3999900000
Emirex LRC/BTC 24,403.00 0.0000108200
Hotbit LRC/ETH 41,756.00 0.0003135100
Crypto.com LRC/CRO 8,321.81 5.2700000000
Gate.io LRC/BTC 18,035.84 0.0000109145
AlterDice LRC/ETH 7,134.18 0.0003134900
Huobi Global LRC/BTC 204,551.00 0.0000109200
WazirX LRC/USDT 36,490.00 0.4042400000
Dex-Trade LRC/BTC 2,933.56 0.0000109000
Huobi Global LRC/ETH 57,782.00 0.0003176100
Gate.io LRC/ETH 7,553.17 0.0003155100
ProBit LRC/USDT 216,070.00 0.4003000000
Atomars LRC/USDT 25,423.00 0.3995800000
ProBit LRC/BTC 137,939.00 0.0000109100
Atomars LRC/BTC 11,213.35 0.0000108600
ProBit LRC/KRW 179,536.00 442.2000000000
Hotbit LRC/BTC 44,759.00 0.0000109405
Atomars LRC/ETH 1,374.13 0.0003136500
Dex-Trade LRC/ETH 399.96 0.0003136900
VCC Exchange LRC/BTC 1,110,370.00 0.0000109000
Bvnex LRC/USDT 873,670.00 0.4015340000
VCC Exchange LRC/ETH 217,677.00 0.0003164800
Balancer 0XBBBBCA6A901C926F240B89EACB641D8AEC7AEAFD/ETH 4,389.71 0.0003202916
Omgfin LRC/BTC 296,000.00 0.0000109600
Omgfin LRC/USDT 423,492.00 0.4021700000
DragonEx LRC/USDT 382,875.00 0.3998000000
Omgfin LRC/ETH 170,786.00 0.0003164200
LBank LRC/USDT 305,611.00 0.3930000000
Dove Wallet LRC/KRW 0.16 436.8430000000
YoBit LRC/DOGE 6.79 43.4661808700
HBTC LRC/USDT 22,877,350.00 0.4010000000
Coinbit LRC/KRW 4,508,395.00 436.0000000000
Dcoin LRC/USDT 1,259,166.00 0.4004300000
CoinEx LRC/ETH 136,944.00 0.0003161900
CoinEx LRC/BTC 136,922.00 0.0000108950
CoinBene LRC/USDT 34,538,542.00 0.3978000000
WhaleEx LRC/USDT 966,079.00 0.3993400000
Yunex.io LRC/USDT 141,163.00 0.3995000000
ZG.com LRC/USDT 92,467.00 0.3984700000
Coinpark LRC/USDT 27,278.00 0.4002500000
Huobi Korea LRC/USDT 5,642.09 0.3985000000
Huobi Korea LRC/ETH 1,457.02 0.0003176100
Huobi Korea LRC/BTC 475.24 0.0000109200
Poloniex LRC/USDT 827.76 0.4093447700
Bibox LRC/USDT 32,338.00 0.3887410000
Poloniex LRC/BTC 5,383.19 0.0000112000
BitBNS LRC/INR 472.09 32.0000000000
YoBit LRC/USD 14.37 0.4273863300
YoBit LRC/RUR 0.89 25.8638251100
Hoo.com LRC/USDT 303,228.00 0.3935000000
Balancer 0XBBBBCA6A901C926F240B89EACB641D8AEC7AEAFD/USDC 80.71 0.4035533250
Dove Wallet LRC/USDT 5.45 0.3980520000
Dove Wallet LRC/EUR 0.00 0.3275460000
Dove Wallet LRC/GBP 0.00 0.2902490000
Zebitex LRC/BTC 95.19 0.0000110000
Zebitex LRC/ETH 67.80 0.0003713100
Zebitex LRC/USDT 39.81 0.4229376200
YoBit LRC/ETH 1.70 0.0002659000
YoBit LRC/WAVES 0.83 0.0593120000
BitMart LRC/USDT 83.06 0.3420000000
1inch 0XBBBBCA6A901C926F240B89EACB641D8AEC7AEAFD/ETH 132,228.00 0.0003289154
Paraswap 0XBBBBCA6A901C926F240B89EACB641D8AEC7AEAFD/ETH 6,308.03 0.0003200000

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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