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About Loopring

Loopring is an Ethereum token that describes itself as “an open-sourced, audited, and non-custodial exchange protocol.” It aims to allow anyone to build non-custodial, order book-based exchanges on Ethereum by leveraging zero-knowledge proofs.

Loopring (LRC) is an Ethereum-based cryptocurrency token that forms part of an open protocol designed for the construction of decentralized crypto exchanges. The protocol aims to amalgamate the benefits of centralized order matching with decentralized on-blockchain order settlement, creating a hybrid product that aims to incorporate aspects of both centralized and decentralized exchanges. The LRC tokens were first made available to the public during an initial coin offering (ICO) in August 2017, and the Loopring protocol was first deployed on Ethereum mainnet in December 2019.

Loopring operates by combining elements of centralized and decentralized cryptocurrency exchanges to create a protocol that aims to utilize their advantages and eliminate inefficiencies. The protocol manages orders in a centralized manner but settles the trades on-blockchain. It also combines up to 16 orders into circular trades instead of allowing strictly one vs. one trading pairs. This approach aims to increase the efficiency of order execution and enhance the liquidity of decentralized exchanges. The issuance of LRC tokens is governed by the smart contracts that comprise the Loopring Protocol. Nodes on the Loopring network are rewarded in LRC tokens for combining individual orders into order rings, maintaining public order books and trade history, and in some cases broadcasting orders to other relays.

Loopring's primary use case is to provide a platform for the building of decentralized crypto exchanges. By combining the advantages of centralized and decentralized exchanges, Loopring aims to offer an efficient and transparent trading experience. The protocol's hybrid approach seeks to eliminate the custodial and transparency risks associated with centralized exchanges, while also addressing the efficiency and liquidity issues often associated with decentralized exchanges. Furthermore, Loopring's protocol allows for the creation of circular trades, which can potentially enhance liquidity and order execution efficiency.

Loopring was founded by Daniel Wang, a software engineer and entrepreneur based in Shanghai, China. Wang has held multiple managerial and executive positions in major tech companies, including Google and the Chinese e-commerce giant He has also co-founded several companies, including the cryptocurrency services firm Coinport Technology Ltd. The LRC tokens were first made available to the public during an initial coin offering (ICO) in August 2017. The Loopring protocol was first deployed on Ethereum mainnet in December 2019. Since its inception, Loopring has been aiming to improve the cryptocurrency trading experience by combining aspects of both centralized and decentralized exchanges.


Market stats

Market cap


Volume (24h)


Circulating supply

1.4B LRC

Typical hold time

39 days



All time high


Market performance

Price change (1h)


Price change (1d)


Price change (1w)


Price change (2w)


Price change (1m)


Price change (1y)


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Some highlights about Loopring on social media

7,024 unique individuals are talking about Loopring and it is ranked #382 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Loopring has an average sentiment score of 3.4 out of 5. Finally, Loopring is becoming more newsworthy, with 0 news articles published about Loopring. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Loopring. There were 51.81% of tweets with bullish sentiment compared to 9.58% of tweets with a bearish sentiment about Loopring. 38.61% of tweets were neutral about Loopring. These sentiments are based on 1328 tweets.

On Reddit, Loopring was mentioned in 521 Reddit posts and there were 1023 comments about Loopring. 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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7,024 people


1,328 posts



Volume rank


Average Sentiment

3.4 out of 5







Post Score


Comment Score


Coinbase Bytes

Coinbase Bytes

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Loopring is on the decline this week.

The price of Loopring has increased by 0.00% in the last hour and increased by 4.62% in the past 24 hours. Loopring’s price has also fallen by 6.37% in the past week. The current price is $0.18 per LRC with a 24-hour trading volume of $7.04M. Currently, Loopring is valued at 94.16% below its all time high of $3.06. This all-time high was the highest price paid for Loopring since its launch.

The current circulating supply of Loopring is 1,366,806,970.189 LRC which means that Loopring has as total market cap of 1,366,806,970.189.


What is the current price of Loopring?

We update our Loopring to USD currency in real-time. Get the live price of Loopring on Coinbase.

What is the market cap of Loopring?

The current market cap of Loopring is $244.53M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Loopring?

The all-time high of Loopring is $3.06. This all-time high is highest price paid for Loopring since it was launched.

What is the 24 hour trading volume of Loopring?

Over the last 24 hours, the trading volume of Loopring is $7.04M.

What other assets are similar to Loopring?

Assets that have a similar market cap to Loopring include Basic Attention Token, Moonbeam, SafePal, and many others. To see a full list, see our comparable market cap assets.

How many Loopring are there?

The current circulating supply of Loopring is 1.4 billion.

What is the typical holding time of Loopring?

The median time that Coinbase customers hold Loopring before selling it or sending it to another account or address is 39 days.

What is the relative popularity of Loopring?

Loopring ranks 40 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Loopring?

Currently, 95% of Coinbase users are buying Loopring. In other words, 95% of Coinbase customers have increased their net position in Loopring over the past 24 hours through trading.

Can I buy Loopring on Coinbase?

Yes, Loopring is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Loopring guide.