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Loom Network

LOOM

Price
$0.0487
12/9/2022, 1:34:39 AM
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Market

Market stats

Market cap

$62.9M

Volume (24h)

$3.8M

Circulating supply

1.3B LOOM

Typical hold time

25 days

Trading activity

Not enough data

Popularity

#123

All time high

$0.77

Price change (1h)

-0.1%

Price change (24h)

+2%

Price change (7d)

-4.14%

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Loom Network is on the decline this week.

The price of Loom Network has fallen by 4.14% in the past 7 days. The price increased by 2.00% in the last 24 hours. In just the past hour, the price shrunk by 0.10%. The current price is $0.0487 per LOOM. Loom Network is 93.68% below the all time high of $0.77.

The current circulating supply is 1,300,000,000 LOOM.

About

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

What Is Loom Network (LOOM)?

Loom Network is a multichain interoperability platform. Interoperability means to exchange data and transfer information between any blockchain seamlessly. The network is optimized for scaling high-performance decentralized applications (DApps), requiring a quick and smooth user experience (UX). In addition, the platform aims to allow DApps to offer a UX akin to traditional apps and onboards new users without the need to download crypto wallet software. Loom also has integrations to Ethereum, Bitcoin, Tron, and Binance Chain. The integrations allow developers to integrate assets from all chains and build a DApp only once. The developers can then offer the DApp to users on all platforms simultaneously. Thus, the network provides developers the scalability and usability needed to build high-performance user-facing DApps.

In addition, Loom Network seeks to offer the following features:

  • Production-Ready: Loom is live in production. So, users can launch DApp and start onboarding.

  • Quick and Scalable: The platform runs on Delegated Proof of Stake (DPoS) and is optimized for the prompt confirmation times and high-transaction throughput necessary for real-world DApps. Delegated proof of stake is a blockchain consensus protocol allowing users to spend coins to vote for various delegates.

  • Smooth User Experience: Loom Network enables quick transactions at minimal costs.

  • Access to a Massive User Base: With integrations and Universal Transaction Signing, users from every chain can access Loom DApp using their native wallets.

  • Security: Loom has a Basechain, a DPoS blockchain having more than twenty-one external validators.

  • Future-proof DApp: The network continually builds integrations with new chains to ensure users’ DApp never becomes obsolete.

  • CryptoZombies is the resource for learning to build Ethereum DApps and is created by Loom Network.

Loom Network (LOOM) is an ERC20token. LOOM is a proof-of-stake (PoS) token used to secure the platform’s mainnet, called Basechain. The token is used for staking, transaction fees, and bonding. LOOM holders can stake their tokens to aid in securing Basechain and earn rewards. Developers also use the token to pay for DApp hosting on Loom Network. Validators receive LOOM as block rewards for performing various duties on the platform. The LOOM token is compatible with any ERC20 wallet.

History of Loom Network (LOOM)

Loom Network has been live in production since early 2018. The total supply of Loom Network (LOOM) is fixed at one billion tokens.

Note: Loom Network has deployed the new LOOM token contract to Ethereum Mainnet. The new token contract has a one billion token supply and retains the same LOOM symbol as the old token contract.

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FAQ

What is the current price of Loom Network?

The price of 1 Loom Network currently costs $0.0487.

What is the market cap of Loom Network?

The current market cap of Loom Network is $62.92M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Loom Network?

The all-time high of Loom Network is $0.77. This all-time high is highest price paid for Loom Network since it was launched.

What is the 24 hour trading volume of Loom Network?

Over the last 24 hours, the trading volume of Loom Network is $3.77M.

What other assets are similar to Loom Network?

Assets that have a similar market cap to Loom Network include Bitcoin Standard Hashrate Token, Hifi Finance, Velas, and many others. To see a full list, see our comparable market cap assets.

How many Loom Network are there?

The current circulating supply of Loom Network is 1.3 billion.

What is the typical holding time of Loom Network?

The median time that Coinbase customers hold Loom Network before selling it or sending it to another account or address is 25 days.

What is the relative popularity of Loom Network?

Loom Network ranks 120 among tradable assets on Coinbase. Popularity is currently based on relative market cap.