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Loopring reviews

Average rating of 98% based on 3,838 reviews.

Founded 6 years ago in 2018.

Use anonymously. No KYC required.

Decentralised exchange.

Reviewed by Yunis
18 October 2022 (Updated 20 July 2024)

Loopring Crypto Platform

Loopring is a zkRollup exchange and payment protocol for building high-performance decentralized exchanges without sacrificing the Ethereum’s security. Loopring is founded by Jay Zhou, and Daniel Wang in 2017 with raising $55 Million in ICO (Initial Coin Offering). Loopring protocol aims to provide tools to build scalable exchanges by using the Ethereum layer-2 solutions, zkRollups. Using ZkRollups allows Loopring to serve fast and secure. The Loopring hasn’t raised funds after the seed round according to the Crunchbase.

Loopring also has a decentralized exchange platform where individuals can connect their web-wallets and trade cryptocurrencies with low-fees. Loopring exchange is built by Loopring protocol. The Loopring exchange has no hack issues in the history. The Loopring exchange secures the assets by giving the control of assets to the owners. The crypto assets are not held in a custody wallet. Customer’s assets are protected by using smart contract.

LRC tokens are ERC-20 compatible tokens built on the Ethereum network. ERC tokens are used as the native currency on the protocol. Users need LRC tokens to develop on the protocol. Loopring protocol was designed to be blockchain agnostic, means that the protocol can be adopted and perform on different blockchains. The Loopring has tried to deploy its protocol on NEO blockchain and created LRN tokens but the plans are deferred for now. The team also anounced that they are planning to expand their operations on QTUM blockchain too.

Loopring exchange offers spot trading, swap, exchange, stake, and liquidity pools tools for users. Users can stake ETH coins only on the platform. Users can also earn by adding other coins to liquidity pools.

Pros

tick The platform is blockchain agnostic
tick Users have full controll over their assets
tick Users benefit platform’s revenue by staking LRC
tick $92,532,314 USD currently invested (TVL)

Cons

cross Slow development process
cross No support from a big incubator or investor
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Loopring Staking Yields

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Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
IMX-USDC
4.31%
4.31% APY
Ethereum
Instant Access
4.31%
4.31% APY
$119,260
ETH-USDT
2.93%
2.93% APY
Ethereum
Instant Access
2.93%
2.93% APY
$95,013
LQTY-ETH
1.84%
1.84% APY
Ethereum
Instant Access
1.84%
1.84% APY
$23,265
LDO-ETH
1.56%
1.56% APY
Ethereum
Instant Access
1.56%
1.56% APY
$36,551
LRC-USDC
1.21%
1.21% APY
Ethereum
Instant Access
1.21%
1.21% APY
$1,278,963
SAND-USDC
1.04%
1.04% APY
Ethereum
Instant Access
1.04%
1.04% APY
$96,800
MANA-USDC
0.97%
0.97% APY
Ethereum
Instant Access
0.97%
0.97% APY
$110,437
LRC-WBTC
0.92%
0.92% APY
Ethereum
Instant Access
0.92%
0.92% APY
$64,877
LRC-ETH
0.73%
0.73% APY
Ethereum
Instant Access
0.73%
0.73% APY
$7,671,340
LRC-USDT
0.67%
0.67% APY
Ethereum
Instant Access
0.67%
0.67% APY
$98,874
LINK-ETH
0.64%
0.64% APY
Ethereum
Instant Access
0.64%
0.64% APY
$345,405
MASK-LRC
0.61%
0.61% APY
Ethereum
Instant Access
0.61%
0.61% APY
$185,842
DPI-ETH
0.53%
0.53% APY
Ethereum
Instant Access
0.53%
0.53% APY
$154,485
ETH-USDC
0.42%
0.42% APY
Ethereum
Instant Access
0.42%
0.42% APY
$6,468,798
WBTC-USDC
0.25%
0.25% APY
Ethereum
Instant Access
0.25%
0.25% APY
$59,338
WBTC-ETH
0.16%
0.16% APY
Ethereum
Instant Access
0.16%
0.16% APY
$74,331
MATIC-ETH
0.06%
0.06% APY
Ethereum
Instant Access
0.06%
0.06% APY
$21,393
No matching yield products found

Loopring Reviews

Based on a total of 3,838 reviews across the web for Loopring we gave the platform an overall rating of 98%.

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Loopring YouTube Reviews

Loopring Supported Currencies

Loopring supports over 30 currencies including Ethereum, Tether USDt, Chainlink and Polygon.

Loopring Key Data

Company
Automatic market maker tick Yes
Year founded 2018
Decentralised tick Yes
Products
Chain agnostic tick Yes
Security
Know your customer cross No
Key People
Jay Zhou
Co Founder
Daniel Wang
Co Founder

ALooking at reviews from across the web, Loopring has an average review score of 98% based on 3,838 reviews.

Useful Links

Loopring Contact Details

https://loopring.org/

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