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.
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Market Stats
Market Cap
$42,335,876.97
123.58%
FDV
Not enough data
Circulating Supply
1,242,920,897.579 LOOM
Max Supply
Not enough data
Total Supply
1,300,000,000 LOOM
Diluted Valuation
$44,610,507.00
Performance
Popularity
#533
Dominance
0%
Volume (24H)
$161,577,626.88
-0.15%
Volume (7D)
$1,697,176,165.34
Volume (30D)
$4,752,752,920.94
All time high
$0.77
Overall Price Change (1Y)
-0.4%
Additional info about Loom Network
Recent trends
The price of Loom Network has increased by 1.44% in the last hour and increased by 121.78% in the past 24 hours. Loom Network’s price has also risen by 103.63% in the past week. The current price is $0.0338 per LOOM with a 24-hour trading volume of $161.58M. Currently, Loom Network is valued at 95.64% below its all time high of $0.77. This all-time high was the highest price paid for Loom Network since its launch. The current circulating supply of Loom Network is 1,242,920,897.579 LOOM which means that Loom Network has as total market cap of $42,335,876.97.
Market details
LOOM vs markets
↘ 48.42%
LOOM vs BTC
↘ 53.65%
LOOM vs ETH
↗ 22.89%
Tags
platform
enterprise-solutions
scaling
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x42476F744292107e34519F9c357927074Ea3F75D | |
BNB Smart Chain | 0xE6Ce27025F13f5213bBc560dC275e292965a392F |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0338 | ↗ 124.99% |
1 Day | $0.0153 | ↗ 121.78% |
1 Week | $0.0167 | ↗ 103.63% |
1 Month | $0.0491 | ↘ 30.64% |
1 Year | $0.0572 | ↘ 40.43% |
FAQ
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.
We update our Loom Network to USD currency in real-time. Get the live price of Loom Network on Coinbase.
The current market cap of Loom Network is $42.34M. A high market cap implies that the asset is highly valued by the market.
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.
Over the last 24 hours, the trading volume of Loom Network is $161.58M.
Assets that have a similar market cap to Loom Network include Coq Inu, Strike, Rootstock Infrastructure Framework, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Loom Network is 1.2 billion.
Loom Network ranks 172 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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Loom Network news
Trending articles
Social stats
Popularity in posts
#1006
Contributors
24
Posts
46
% About Loom Network
0.031%
Articles
1
Hold times
0 days
X (Twitter)
2.88% bullish
Sentiment
2.6 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
24 unique individuals are talking about Loom Network and it is ranked #1,006 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 52 out of 5. Finally, Loom Network is becoming less newsworthy, with 1 news articles published about Loom Network.
On Twitter, people are mostly neutral about Loom Network. There were 2.94% of tweets with bullish sentiment compared to 2.14% of tweets with a bearish sentiment about Loom Network. 97.06% of tweets were neutral about Loom Network. These sentiments are based on 23 tweets.
On Reddit, Loom Network was mentioned in 18 Reddit posts and there were 17 comments about Loom Network. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.