Loopring | LRC
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LRC Price Live Data
The live Loopring price today is $0.240579 USD with a 24-hour trading volume of $22,874,708 USD. We update our LRC to USD price in real-time. Loopring is down 3.96% in the last 24 hours. The current CoinMarketCap ranking is #88, with a live market cap of $320,002,657 USD. It has a circulating supply of 1,330,133,546 LRC coins and a max. supply of 1,374,513,896 LRC coins.
If you would like to know where to buy Loopring at the current rate, the top cryptocurrency exchanges for trading in Loopring stock are currently Binance, BTCEX, Bitrue, OKX, and MEXC. You can find others listed on our crypto exchanges page.
What Is Loopring [LRC]?
LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges.
In 2020, the average daily trading volume of the entire cryptocurrency market fluctuated in the approximate range of $50-$200 million. Most of that trading is conducted on centralized cryptocurrency exchanges — online platforms operated by private companies that store users’ funds and facilitate the matching of buy and sell orders.
Such platforms have a number of downsides common to all of them, so a new type of exchange — decentralized— has emerged to try to alleviate these disadvantages. However, fully decentralized exchanges are not without their own flaws.
Loopring’s purported goal is to combine centralized order matching with decentralized on-blockchain order settlement into a hybridized product that will take the best aspects of both centralized and decentralized exchanges.
LRC tokens became available to the public during an initial coin offering (ICO) in August 2017, while the Loopring protocol was first deployed on Ethereum mainnet in December 2019.