Loom Network (LOOM) is not tradable on Coinbase.
Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more
![Loom Network logo](https://dynamic-assets.coinbase.com/b0b24639376a9026879e5ef1829abe1a908c8b0b9e63010e1b1c435bc065da2d312b8f617c8621163743572651b40b4cfb1cb2c3374596d2f4ceea8b1a035bd1/asset_icons/893bfe47aa5917d3cf730d54e31eb09a5f69711834a0f9f5d594d0ec73004e23.png)
Loom Network
LOOM
About Loom Network
Loom Network (LOOM) is an Ethereum token that powers a network of delegated proof of stake sidechains (a system that Loom dubs “EOS on Ethereum”). This allows for highly-scalable games and user-facing dApps backed by the security of Ethereum.
Resources
Loom Network (LOOM) is a service platform built on Ethereum that enables developers to run large-scale decentralized applications. Launched in 2017, it strives to provide smart contracts with more computing power when needed or maintain the same power at lower costs for tasks such as onboarding new users or applications that do not require the full security of blockchain. Loom Network operates on Plasma, a scaling solution that aims to facilitate faster transactions across the network. The LOOM token, which is built on Ethereum in accordance with the ERC-20 standard, acts as a membership token, granting access to all apps running on the Loom Network.
Loom Network operates by allowing Ethereum Solidity applications to run through side chains, which means the applications can have consensus mechanisms specific to their needs and potential threat model. Loom Network aims to make scaling decentralized applications faster and easier on the Ethereum network, using DPoS sidechains for scalability with DApps through the security of Ethereum mainnet. The LOOM token functions on all of the DAppChains that run on the Loom Network, enabling the transfer of digital assets and data between Ethereum and Loom DAppChains.
Loom Network seeks to be a platform for smart contract developers to create applications without the need to switch to another programming language. It allows developers to easily integrate their applications with the outside world, interacting with APIs developed by third parties which are not on chain. This makes Loom Network particularly useful for large-scale applications that require high transaction throughput and fast confirmation times, such as online games and social apps. Furthermore, Loom Network's compatibility with Ethereum token standards like ERC20 and ERC721 opens up possibilities for a wide range of decentralized applications.
Loom Network was established by Matthew Campbell, James Martin Duffy, and Luke Zhang in 2017. Campbell, a seasoned software engineer, has held positions at several notable companies, including Digital Ocean and Thomson Reuters. Duffy, the CMO at Loom Network, has a background in cryptocurrency trading and web development. Zhang, a co-founder of Loom Network, has a history of working as a lead developer at various companies. Since its inception, Loom Network has been focused on providing a platform that allows developers to run large-scale decentralized applications, with a particular emphasis on gaming and social apps.
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Market
Market stats
Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
$83.6M
Volume (24h)
$5.1M
Circulating supply
1.2B LOOM
Typical hold time
Not enough data
Popularity
#485
All time high
$0.77
Market performance
Price change (1h)
+0.51%
Price change (1d)
-2.51%
Price change (1w)
-10.08%
Price change (2w)
-17.28%
Price change (1m)
-11.09%
Price change (1y)
+77.57%
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Social
Some highlights about Loom Network on social media
122 unique individuals are talking about Loom Network and it is ranked #907 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Loom Network has an average sentiment score of 3 out of 5. Finally, Loom Network is becoming more newsworthy, with 0 news articles published about Loom Network. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bearish about Loom Network. There were 16.67% of tweets with bullish sentiment compared to 83.33% of tweets with a bearish sentiment about Loom Network. 0% of tweets were neutral about Loom Network. These sentiments are based on 6 tweets.
On Reddit, Loom Network was mentioned in 3 Reddit posts and there were 9 comments about Loom Network. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
Contributors
122 people
Posts
5 posts
Dominance
0.01%
Volume rank
#907
Average Sentiment
3 out of 5
Tweet Count
6 people
Sentiment
16.67%
Bullish
0%
Neutral
83.33%
Bearish
Loom Network Calculator
How much is 1 LOOM?
Conversion Table
LOOM/CAD (Canadian Dollar)
CA$0.0939
LOOM/GBP (British Pound)
£0.0539
LOOM/JPY (Japanese Yen)
¥10.75
LOOM/BRL (Real)
R$0.37
LOOM/EUR (Euro)
€0.0638
LOOM/NGN (Nigerian Naira)
NGN 101.86