Sign in

Loopring Loopring

LRC price
0.383291 USD -3.33% 0.00000549 BTC

Financial indicators LRC

  • Rank: 162
  • Market Cap: 523851000 $
  • 24 Hour Volume: 33304500 $
  • Total Supply: 1373870000
  • Circulating Supply: 1366720000 (99%)
  • Max Supply: 1374510000

What is Loopring?

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.

Chart LRC
Technical analysis
Claim Your 100 USDT Reward
Earn a limited-time reward by registering and starting your crypto journey now! Claim Reward!
Bitcoin Bitcoin
69871.5000 -1.01%
Ethereum Ethereum
3530.18000 -1.29%
BNB BNB
607.489000 3.09%
Solana Solana
185.102000 -1.13%
XRP XRP
0.61262000 -1.70%