What does Loopring do?
Loopring (CRYPTO:LRC) stands as an audited, open-source, and non-custodial exchange protocol designed to facilitate decentralized trading exclusively on the Ethereum blockchain. It leverages zkRollup technology, a scaling solution, to deliver rapid and cost-effective trading while maintaining robust security measures.
The Loopring ecosystem encompasses a range of services, the most notable being decentralized exchanges (DEXes). Loopring empowers users and developers to create their own DEXes effortlessly, ensuring non-custodial trading and the continued control of users over their assets. Furthermore, Loopring Exchange, built on the Loopring protocol, offers a comprehensive trading experience, featuring spot trading, margin trading, and perpetual swap trading options. To complement these services, Loopring Wallet provides a mobile and web-based solution, allowing users to access not only Loopring Exchange but also various other DEXes. It enables the storage, sending, and receiving of Ethereum and ERC-20 tokens.
Loopring's core objectives revolve around improving decentralized trading's accessibility, user-friendliness, and cost-efficiency, all while upholding security standards. In addition to serving as a leading player in the decentralized exchange realm, Loopring is actively contributing to the growth and development of the Ethereum ecosystem, further cementing its significance in the blockchain and DeFi space.