What is the trading volume of Loopring (LRC) in the past 24 hours ?
Loopring (LRC)
(LRC) is currently trading at
$0.25225894 today, with a 24-hour trading volume of
$15,216,734. The trading volume of Loopring (LRC) in the
past 24 hours provides insight into the total amount of a cryptocurrency traded on exchanges within 24 hours. It indicates market activity and liquidity.
What is the all-time high for Loopring (LRC) ?
The highest transaction price for Loopring (LRC) is $4, which was recorded on . Loopring (LRC) is down
-93.31% from its all-time high.
What is the Total supply of the Loopring (LRC) ?
The total supply of Loopring (LRC) stands at 1,373,873,397. However, Loopring (LRC)'s current circulation supply stands at
1,245,991,468.
Loopring (LRC) Explorers
To find the on-chain activity of Loopring tokens, check blockchain explorer platforms such as Arbiscan, Etherscan, and Solana.
How is the Loopring (LRC) doing against the crypto market?
Historically, Loopring (LRC)'s price has dictated the movements in the crypto market.
However, in the past 24 hours, Loopring (LRC) is down by
-1.27%.
What is Loopring?
Deployed in 2019, on the Ethereum mainnet, Loopring is an open protocol that helps in building DEXs. By merging centralized order matching with decentralized on-chain order settlement, Loopring aims to create a hybridized product. LRC is the native token of Loopring that follows the ERC-20 standard and is also “deflationary” in nature.
Officially described as an “open-sourced, audited, and non-custodial” platform, it leverages zero-knowledge proofs. The native token is responsible for the key operations on the protocol as well as incentivizing the correct use of the network. This project aims to be an interconnected system of trading platforms where traders can access several platforms from a single dashboard.
How Loopring Works
Known as “the world’s first Ethereum smart wallet,” Loopring is managed by smart contracts, contrary to ZK-Rollups, which are powered by a private key. ZK-Rollups helps build exchanges on top of the platform to lower costs and avoid slow speeds without compromising security.
These rollups on the platform work by winding up a huge number of transactions together and executing them outside the layer-1 blockchain. On completion, a cryptographic proof is then generated, which helps settle trades more quickly.
LRC Mining
It uses a consensus mechanism called “Proof of Stake Automated Market Making” (PoS-AMM). This mechanism allows users to earn rewards for providing liquidity to the exchange and participating in the network.
This is done by locking up LRC tokens in a smart contract to provide liquidity to trading pairs on the Loopring exchange. Users can also earn rewards for participating in the network as “Ring-Miners.” They can earn by matching and executing trades on the exchange. Ring miners receive LRC tokens as service fees in return.