Loopring
Loopring is a decentralized exchange (DEX) built on an Ethereum Layer 2 layer (L2) solution and is a decentralized exchange built on top of it (DEX). It offers both an automated market maker (AMM)-based exchange and an order-book-based exchange. Zero-knowledge rollups are an Ethereum L2 scaling solution that moves computation off-chain. The Loopring protocol uses the underlying Ethereum blockchain only as a data and verification layer. Therefore, Loopring’s throughput can reach up to 2,025 transactions per second, while Ethereum’s current throughput is 15 transactions per second. As a result, the settlement cost per transaction can be as low as 0.00015 USD. Loopring’s performance is sufficient for professional traders and market makers to deploy algorithmic strategies and other automated trading bots. Previously, this was not possible on any DEX This was impossible on any platform because speeds were too slow and costs were too high. Built on Loopring, the order-book-based decentralized exchange became commercially viable for the first time. Loopring expects non-custodial exchanges to begin defeating and replacing many centralized exchanges.
Overview
Loopring is a decentralized exchange (DEX) built on an Ethereum Layer 2 layer (L2) solution and is a decentralized exchange built on top of it (DEX). It offers both an automated market maker (AMM)-based exchange and an order-book-based exchange. Zero-knowledge rollups are an Ethereum L2 scaling solution that moves computation off-chain. The Loopring protocol uses the underlying Ethereum blockchain only as a data and verification layer. Therefore, Loopring’s throughput can reach up to 2,025 transactions per second, while Ethereum’s current throughput is 15 transactions per second. As a result, the settlement cost per transaction can be as low as 0.00015 USD. Loopring’s performance is sufficient for professional traders and market makers to deploy algorithmic strategies and other automated trading bots. Previously, this was not possible on any DEX This was impossible on any platform because speeds were too slow and costs were too high. Built on Loopring, the order-book-based decentralized exchange became commercially viable for the first time. Loopring expects non-custodial exchanges to begin defeating and replacing many centralized exchanges.