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Cryptocurrencies:  7,567Markets:  31,847Market Cap:  $401,650,748,14224h Vol:  $86,212,902,460BTC Dominance:  63.6%
Market Cap:  $401,650,748,14224h Vol:  $86,212,902,460BTC Dominance:  63.6%Cryptocurrencies:  7,567Markets:  31,847
Loopring

Loopring (LRC)

$0.131928 USD (10.01%)
0.00000955 BTC (6.21%)
0.00033840 ETH (6.74%)
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  • Market Cap
    $151,147,576 USD
    10,946 BTC
    387,705 ETH
  • Volume (24h)
    $17,751,460 USD
    1,286 BTC
    45,534 ETH
  • Circulating Supply
    1,145,686,385 LRC
  • Total Supply
    1,374,513,871 LRC
  • Historical data for Loopring

    Currency in USD
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    DateOpen*HighLowClose**VolumeMarket Cap
    Date
    DateOpen*HighLowClose**VolumeMarket Cap
    Oct 30, 2020
    0.132630
    0.134560
    0.116928
    0.125416
    21,682,061
    143,687,833
    Oct 29, 2020
    0.138463
    0.144513
    0.126610
    0.132630
    46,966,472
    151,952,681
    Oct 28, 2020
    0.148468
    0.156496
    0.134136
    0.138463
    49,992,055
    158,593,717
    Oct 27, 2020
    0.156871
    0.159557
    0.145285
    0.148468
    56,598,645
    170,053,120
    Oct 26, 2020
    0.165255
    0.167504
    0.148029
    0.156871
    24,156,319
    179,678,441
    Oct 25, 2020
    0.166170
    0.170904
    0.159142
    0.165255
    20,255,813
    189,193,036
    Oct 24, 2020
    0.165565
    0.168522
    0.158223
    0.166170
    19,819,697
    190,240,275
    Oct 23, 2020
    0.162124
    0.172442
    0.157345
    0.165565
    19,500,524
    189,548,302
    Oct 22, 2020
    0.160558
    0.168583
    0.159674
    0.162158
    57,865,974
    185,627,102
    Oct 21, 2020
    0.155819
    0.176756
    0.155626
    0.159402
    68,528,771
    182,472,613
    Oct 20, 2020
    0.169267
    0.172297
    0.154848
    0.156065
    70,373,048
    178,652,090
    Oct 19, 2020
    0.173436
    0.176562
    0.165717
    0.169223
    68,092,189
    193,714,114
    Oct 18, 2020
    0.170045
    0.178141
    0.168238
    0.173950
    61,369,768
    199,126,289
    Oct 17, 2020
    0.165453
    0.177927
    0.164627
    0.170103
    56,350,146
    194,722,494
    Oct 16, 2020
    0.179482
    0.181758
    0.165194
    0.165983
    65,921,047
    190,006,212
    Oct 15, 2020
    0.177912
    0.184465
    0.174440
    0.179620
    69,648,691
    205,586,532
    Oct 14, 2020
    0.186588
    0.189576
    0.173753
    0.178977
    77,353,492
    204,849,837
    Oct 13, 2020
    0.195607
    0.196095
    0.181965
    0.186175
    72,717,586
    213,078,634
    Oct 12, 2020
    0.192726
    0.201324
    0.187802
    0.196801
    85,106,012
    225,236,293
    Oct 11, 2020
    0.206173
    0.212020
    0.189892
    0.194556
    82,504,516
    222,666,808
    Oct 10, 2020
    0.193646
    0.211986
    0.193646
    0.209295
    78,608,666
    239,420,891
    Oct 09, 2020
    0.184069
    0.200423
    0.177911
    0.193538
    81,413,580
    221,396,524
    Oct 08, 2020
    0.165058
    0.188830
    0.163559
    0.184815
    85,279,243
    211,417,896
    Oct 07, 2020
    0.171113
    0.172192
    0.154145
    0.165036
    85,886,473
    188,791,979
    Oct 06, 2020
    0.191292
    0.191647
    0.170337
    0.173030
    77,981,939
    197,935,869
    Oct 05, 2020
    0.198296
    0.201757
    0.186534
    0.188275
    74,142,337
    215,375,694
    Oct 04, 2020
    0.201907
    0.209105
    0.194328
    0.199088
    72,049,063
    227,636,056
    Oct 03, 2020
    0.197839
    0.210230
    0.194401
    0.201811
    74,053,605
    230,749,809
    Oct 02, 2020
    0.215600
    0.220802
    0.188868
    0.200338
    85,918,086
    229,049,879
    Oct 01, 2020
    0.205062
    0.231576
    0.200009
    0.215844
    79,290,712
    246,778,060

About Loopring

Loopring price today is $0.131928 USD with a 24-hour trading volume of $17,751,460 USD. Loopring is up 10.01% in the last 24 hours. The current CoinMarketCap ranking is #69, with a market cap of $151,147,576 USD. It has a circulating supply of 1,145,686,385 LRC coins and the max. supply is not available. The top exchanges for trading in Loopring are currently Binance, Huobi Global, IDCM, OKEx, and HBTC. You can find others listed on our crypto exchanges page.

What Is Loopring [LRC]?

LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges.

In 2020, the average daily trading volume of the entire cryptocurrency market fluctuated in the approximate range of $50-$200 million. Most of that trading is conducted on centralized cryptocurrency exchanges — online platforms operated by private companies that store users’ funds and facilitate the matching of buy and sell orders.

Such platforms have a number of downsides common to all of them, so a new type of exchange — decentralized— has emerged to try to alleviate these disadvantages. However, fully decentralized exchanges are not without their own flaws.

Loopring’s purported goal is to combine centralized order matching with decentralized on-blockchain order settlement into a hybridized product that will take the best aspects of both centralized and decentralized exchanges.

LRC tokens became available to the public during an initial coin offering (ICO) in August 2017, while the Loopring protocol was first deployed on Ethereum mainnet in December 2019.

Who Are the Founders of Loopring?

The founder and current CEO of Loopring Foundation, which manages the development of Loopring protocol, is Daniel Wang, a software engineer and entrepreneur based in Shanghai, China.

Wang has a bachelor’s degree in computer science from the University of Science and Technology of China, as well as a master’s degree in the same field from Arizona State University.

Prior to starting work on Loopring, Wang has held multiple managerial and executive positions in major tech companies: he was a lead software engineer at the medical device manufacturer Boston Scientific, the senior director of engineering, search, recommendation and ads system at the Chinese e-commerce giant JD.com, as well as a tech lead and senior software engineer at Google.

Wang has also co-founded several companies: Yunrang (Beijing) Information Technology Ltd. and the cryptocurrency services firm Coinport Technology Ltd.

What Makes Loopring Unique?

The main idea behind Loopring is to combine elements of centralized and decentralized cryptocurrency exchanges to create a protocol that will enjoy their unique advantages and eliminate inefficiencies.

Centralized exchanges are currently the main mode of operation for crypto trading services. While highly popular and convenient, using a centralized exchange carries a number of risks, the chief of which is their custodial nature. Because these exchanges hold users’ funds for them between the points of depositing and withdrawing, those funds come under the risk of being partially or fully lost due to potential hacker attacks, malicious actors inside the exchange or regulatory intervention.

Another major problem for centralized exchanges is the lack of transparency: the fact that trades are not settled on the blockchain, but rather stored in the exchange’s internal records makes possible price manipulation by the exchange and allows it to use user funds for unauthorized purposes while in custody.

In order to eliminate these problems, a new type of trading service has emerged in recent years: a decentralized crypto exchange (DEX). Instead of holding user funds in custody and processing trades internally, it helps buy and sell orders connect directly with each other and settle trades on a public blockchain.

While removing the custodial and transparency risks, DEXs introduce disadvantages of their own: mainly, lower efficiency (when compared to centralized alternatives) associated with the limited capabilities of the underlying blockchains and fragmented liquidity.

Loopring protocol seeks to keep the advantages of decentralized exchanges while reducing or eliminating their inefficiencies via innovative hybrid solutions. Through managing orders in a centralized manner but settling the trades on-blockchain, and combining up to 16 orders into circular trades instead of allowing strictly one vs. one trading pairs, Loopring expects to increase the efficiency of order execution, as well as enhance the liquidity of DEXs.

Loopring is a part of the decentralized finance (DeFi) industry — read more about it at CoinMarketCap Alexandria

Curious about crypto? Learn how to buy Bitcoin here.

How Many Loopring [LRC] Coins Are There in Circulation?

The issuance of LRC tokens is governed by the smart contracts that comprise the Loopring Protocol.

The primary way of earning LRC is via so-called ring mining: in order to improve the liquidity of the Loopring network, the orders in it are not matched strictly as pairs of two cryptocurrencies. Instead, the protocol can mix and match up to 16 orders for different cryptocurrencies in a circular trade, called an order ring.

Nodes on the Loopring network are rewarded in LRC tokens for combining individual orders into order rings, maintaining public order books and trade history, and in some cases broadcasting orders to other relays.

How Is the Loopring Network Secured?

Loopring is operable on Ethereum and Neo blockchains with plans to add support for the Qtum blockchain. Each of these networks has its own token: LRC and LRN for Ethereum and Neo respectively; when launched, the Qtum network token will be called LRQ.

These tokens are secured by the hash functions of their underlying blockchain platforms: LRC by Ethereum’s Ethash, LRN by Neo’s SHA256 and RIPEMD160 and LRQ by Qtum’s proof-of-stake PoSv3 algorithm.

Where Can You Buy Loopring [LRC]?

LRC is available on many exchanges, some of the major and most trusted ones are:

Loopring Price

Loopring Price$0.131928 USD
Loopring ROI
163.85%
Market Rank#69
Market Cap$151,147,576 USD
24 Hour Volume$17,751,460 USD
Circulating Supply1,145,686,385 LRC
Total Supply1,374,513,871 LRC
Max SupplyNo Data
All Time High
$2.59 USD
(Jan 09, 2018)
All Time Low
$0.019861 USD
(Dec 18, 2019)
52 Week High / Low
$0.300124 USD /
$0.019861 USD
90 Day High / Low
$0.300124 USD /
$0.116928 USD
30 Day High / Low
$0.220802 USD /
$0.116928 USD
7 Day High / Low
$0.170904 USD /
$0.116928 USD
24 Hour High / Low
$0.137761 USD /
$0.116928 USD
Yesterday's High / Low
$0.134560 USD /
$0.116928 USD
Yesterday's Open / Close
$0.132630 USD /
$0.125416 USD
Yesterday's Change$-0.007214 USD (-5.44%)
Yesterday's Volume$21,682,061 USD
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