Loopring
LRC
| Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
| ICO | $45M | -- | Aug 31, 2017 |
| Project | Funding Status | Region | Categories | Ecosystem | Founded | Token Issuance |
|---|---|---|---|---|---|---|
 Zecrey | Strategic | Privacy Crypto Mixers Layer2 Infra | Ethereum Polygon BNB Chain Avalanche Gần | Jan 01, 2021 | No Token | |
 Orbiter Finance | Series A | Cross-chain Bridge ZK Layer2 Infra | StarkNet Immutable X Ethereum Linea Polygon zkEVM Optimism Boba Polygon áo choàng BNB Chain Zora Loopring ZkSync opBNB trọng tài Manta Scroll | Jan 01, 2021 | No Token | |
 Tritum | Seed | Canada | CEX CeFi Quantitative Trading | No Token | ||
 Bitpush | Crypto Media | Jan 01, 2018 | No Token |
Loopring (LRC) is the native cryptocurrency token of the Loopring protocol, a decentralized exchange (DEX) infrastructure that utilizes zkRollups to enhance scalability and reduce costs. Designed to overcome the limitations of traditional DEXs, Loopring capitalizes on advanced cryptographic techniques to offer high throughput and low-latency trading while preserving the security guarantees of the Ethereum blockchain.
LRC plays multiple roles within its ecosystem. 1, LRC for Exchange Fees Orders can pay fees using LRC. This simplifies profit calculations and fee estimation. 2. It serves as a staking token, where holders can stake their LRC to earn protocol fees, contribute to the platform's security, and participate in governance decisions.
A defining feature of Loopring is its commitment to layer-2 scalability solutions, which are paramount in alleviating Ethereum's congestion and high transaction fees. By leveraging zkRollups, Loopring can batch multiple transactions into a single proof, drastically increasing the network's capacity without decentralization or security.