Loopring (LRC) Price

Info

Contract Address

ETH 0xbbbbca6a901c926f240b89eacb641d8aec7aeafd

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About Loopring (LRC)

Loopring protocol is an open source zkRollup protocol. It is a collection of Ethereum smart contracts and ZK circuits which describe how to build highly-secure, highly-scalable orderbook-based DEXes, AMMs, and payment apps. It was the first rollup protocol deployed on Ethereum, and has led the ecosystem into the era of Layer 2 scaling (L2). The current protocol version, v3.8, is our fifth deployed version (the first three were non-zkRollup). It provides a solution for the most outstanding challenge of all decentralized protocols - performance, or more precisely, much higher performance without a tradeoff in security.

Loopring builds protocols, infrastructure, and user-facing products for the future of finance. We believe this future is built on Ethereum, and specifically on layer 2 (zkRollups).

Users of decentralized finance (DeFi) need not choose between security and performance. Loopring's L2 provides a low-fee, high-speed platform for trading, swapping, liquidity providing, and payments - without sacrificing Ethereum security at all.

We envision a digital economy where users are empowered and always in control of their assets. Loopring has succeeded in proving that non-custodial technology can replicate custodial alternatives in speed, cost, and experience. We have made DEXes as performant as CEXes, and will outcompete incumbent fintech.

Loopring's objective is to design and engineer the best-in-class zkRollup exchange and payment protocol on Ethereum, and to operate products that bring it to users across the world.