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Loopring Price LRC-INR

₹ 218.32

Current Price

Loopring Price

LRC-INR

₹ 218.32

Current Price

Loopring Price Analysis Chart

  • Day
  • Week
  • Month

Last Price ▲ 3.45%

₹ 218.32

24h High

₹ 234.13 

24h Low

₹ 201.66

24h Vol

₹ 45317579317

1 LRC to INR

Instant Buy

Current Price of 1 LRC = 600,000 INR
For 100 INR you will get = 0.00045 LRC

Daily Loopring Price in INR

  • Day
  • Week
  • Month
Time Price in INR Change in %
28-11-2021 ₹ 231.171 +0.98%
27-11-2021 ₹ 228.929 +2.88%
26-11-2021 ₹ 222.519 -9.60%
25-11-2021 ₹ 246.151 -4.63%
24-11-2021 ₹ 258.112 +4.14%
23-11-2021 ₹ 247.847 +15.39%
22-11-2021 ₹ 214.794 0
Time Price in INR Change in %
28-11-2021 ₹ 231.171 -2.21%
27-11-2021 ₹ 236.392 +10.33%
20-11-2021 ₹ 214.269 -10.15%
13-11-2021 ₹ 238.472 +1418.68%
22-07-2021 ₹ 15.703 -10.35%
17-07-2021 ₹ 17.515 -9.77%
10-07-2021 ₹ 19.411 0
Time Price in INR Change in %
11-2021 ₹ 228.514 +1168.17%
07-2021 ₹ 18.019 -20.05%
06-2021 ₹ 22.538 -39.16%
05-2021 ₹ 37.042 -14.66%
04-2021 ₹ 43.407 +4.21%
03-2021 ₹ 41.652 -16.26%
02-2021 ₹ 49.741 0

Loopring Overview

Market Cap Rank

#53

What is Loopring (LRC) ?

Loopring is a Decentralized Exchange (DEX) that facilitates buying and selling of cryptocurrencies. It is built on an Ethereum Layer-2 (L2) solution called zkRollup. Loopring has its own AMM (Automated Market Maker) that provides liquidity through automated trading.

zkRollup is an Ethereum L2 scaling solution that migrates computations off the blockchain. This helps Loopring to use the underlying Ethereum blockchain as a data layer and a verification layer. In turn, it provides a 1000X throughput rate than Ethereum. It results in the bringing down cost per trade settlement to a mere $0.00015.

The interesting part about Loopring is the constant development that goes on in the ecosystem. With each new version, it becomes better of its own. The performance is at par even for professional traders and market makers to deploy algorithmic strategies and other automated trading bots.

All this narrows down to Loopring’s goal to combine a centralized world with a decentralized one. It utilizes centralized order matching with decentralized on-blockchain order settlement to bring the best product to the market.

Loopring looks to solve some of the major loopholes and makes an amalgamation of centralized as well as the decentralized world. Loopring also has its in-house wallet, protocol, application, and relayer.

Loopring Price Prediction 2021

At the moment, Loopring price today is $2.72 USD, which is up by 66% over the last 24 hours. The current CoinMarketCap ranking is #53. 24-hour Loopring volume is valued at $5,998,239,500 USD. Loopring is traded on various exchanges, with the top exchanges being Coinbase and Binance at $2.71. Loopring Coin has a circulating supply of 1,325,920,000 LRC coins and at maximum the supply goes to 1,374,513,896 LRC coins.

History of Loopring price in India (LRC to INR)

Loopring Token is launched in 2017 that works as a utility token for operations of Loopring Protocols. Loopring utilizes the technique of deflation that means platform 'burns' a percentage of fees to maintain circulation of the crypto. At the start of 2018, LRC Token hits its all time high price of $2.40. At the present LRC Token is booming at the highest level, gaining its own popularity.

Loopring Features

Security:

Loopring takes the security of users as their priority which is why they utilize zkRollup protocol as it is the most secure scaling mechanism. The protocol also ensures exchange and payment applications are not compromised by any person, company, or state. The assets of the user are safe and no one can come between a user and their Ethereum-based assets.

Low-Cost:

Loopring achieves low transaction fees as most of the operations are done off the Ethereum Blockchain. In general, the settlement cost per trade is roughly 450 to 800 GAS on layer-1, which is 0.15-0.30% of the cost of most layer-1 DEX protocols.

Transaction Fees:

Loopring is designed to be a winner in the race of Decentralized Exchanges (DEX). It powers highly scalable DEX and payments by batch-processing thousands of requests off-chain. The ecosystem does all of this work along with verifying correct execution via zkRollups. This helps LRC to achieve a throughput of 2025 trades per second.

Open:

The charges incurred on Loopring are less compared to other Decentralized Exchanges (DEX). A 0.25% fee is charged for swaps done on L2 AMM, including the gas fee. However, trading fees on the orderbook follow a maker-taker model. Here, maker refers to people that provide liquidity (they earn rebate) and takers refer to users who take liquidity from the orderbook (they pay fees).

1 LRC to INR

Instant Buy

Current Price of 1 LRC = 600,000 INR
For 100 INR you will get = 0.00045 LRC

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