The current market value is only 390 million, almost fully circulated, and the dealer has absorbed most of the chips.
Buy at the current price! Waiting for the next wave of pull-ups!
Loopring (LRC) is a decentralized exchange (DEX) built on the Ethereum Layer-2 (L2) solution zkRollup.
It supports both automated market makers (AMM) and order book transactions. zkRollup is an Ethereum L2 scaling solution that migrates computations off-chain.
The Loopring protocol uses only the underlying Ethereum blockchain as the data layer and verification layer.
As a result, Loopring has a throughput of up to 2,025 transactions per second, while Ethereum's current throughput is 15 transactions per second.
The cost of each transaction settlement is as low as $0.00015.
Loopring's performance is enough to allow professional traders and market makers to deploy algorithmic strategies and other automatic trading robots.
This was not possible on any previous DEX because it was too slow and expensive. By building on Loopring 3.0, order book-based DEXs are commercially viable for the first time.
Loopring anticipates that non-custodial exchanges can begin to outperform and replace many centralized exchanges.