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LoopringCoin V2 Price

(LRC)

AUD(A$)

A$0.01394
0.00%(5m)

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LoopringCoin V2 (LRC) Live Price Chart

    LoopringCoin V2 Live Price Data

    LoopringCoin V2 is currently trading at A$ 0.01394, with a 24-hour trading volume of A$ 17,318. Over the past hour, the price of LoopringCoin V2 changed by -1.1%, and over the past week, its value in AUD dropped by -6.18%. The circulating supply of LoopringCoin V2 is 1.37B LRC, with a market cap of 13.45M AUD, down -1.1% in the last 24 hours. LoopringCoin V2 is ranked #788 by market cap.

    How do you feel about LRC today?

    Note: This data is for reference only.
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    LRC(LRC) Profile

    altRank788
    rate--
    Expand
    A$0.01387
    A$0.01417
    ATH
    A$5.41
    Price Change (1h)
    -0.30%
    Price Change (24h)
    -1.10%
    Price Change (7d)
    -6.18%
    Market Cap
    24h Volume
    Circulating Supply
    1.37B
    Max Supply
    1.37B

    About LoopringCoin V2

    • What is Loopring (LRC)?

      Loopring is the first zkRollup Layer 2 scaling solution for the Ethereum blockchain, offering all the security benefits of the original Layer 1 network but with higher efficiency. The Loopring protocol boasts a throughput 1,000 times higher than that of Ethereum, being able to handle over 2,000 TPS with transaction costs 100 times lesser than Ethereum.

      LRC is the native token of the Loppring network and is used as the utility and governance token within the ecosystem. LRC tokens are issued as incentives to users who provide liquidity within the Loopring protocol, to insurers, and even offers its holders the ability to participate in the governance of the Loopring DAO.

      Loopring offers an open-source, fully audited, and decentralized protocol to support non-custodial exchanges and payments. The zkRollup feature or zero-knowledge rollup ensures complete security of data and assets, giving the entire control to users.

      The zero-knowledge proofs also enable Loopring to offer high transaction speeds, all with the power of Ethereum’s strengths. The off-chain batch processing of transactions on Loopring not only ensures high scalability and speed but also far lower gas fees.

      The Loopring Foundation is a non-profit organization that oversees the development of the ecosystem and focuses on expanding the footprint of online platforms focused on decentralized trading. Daniel Wang is the founder of the Loopring Foundation and the brains behind the Layer 2 zkRollup.

    • How Does Loopring Work?

      Loopring seeks to power the adoption of DeFi technology on the Ethereum network, offering a high-speed, low cost platform with superior technology. To this effect, it leverages zkRollup for non-custodial DEXs and DeFi protocols, providing scalability without compromising on the security of user data and assets.

      The F Knowledge cryptography technology uses the Loopring relayer as the backend to use zkRollup runs and manage data and transactions off-chain. The relayer is responsible for hosting and updating the off-chain Merkle tree, creating rollup blocks, generating zkSNARK proofs of validity, and then publishing the processed data and its proofs on the Layer 1 Ethereum network.

      The Loopring relayer is available as an API that developers can use to operate their own zkRollup-based offerings, also known as Loopring L2. The Loopring Layer2 App or Loopring L2 is a platform that can support high-performance non-custodial exchanges, including AMMs and order books, as well as payments.

      In addition, Loopring also offers its very own mobile digital wallet, Loopring Wallet, powered by Ethereum smart contracts. Embedded with L2 scaling capabilities, it has inbuilt Loopring zkRollup features to offer the very best of Ethereum in terms of security and high performance.

    • What is LRC Crypto Used for?

      The LRC crypto has several uses, including:

      Utility Token in Loopring

      The LRC token is used to pay transaction fees and protocol fees inside the Loopring decentralized exchange and ecosystem. In addition, insurers and liquidity providers also receive rewards in the form of LRC crypto for their efforts in improving the Loopring protocol experience.

      Users also pay in LRC for performing token swaps inside Loopring L2 AMM. They also use LRC to pay for trading fees on the orderbook within the Loopring ecosystem.

      Governance Token

      LRC token holders can also participate within the Loopring DAO, voting on update proposals or future development ideas. In addition, the Loopring DAO also decides on how to spend LRC funds, handle burn mechanisms and protect users from the risk of impermanent loss in the system.

      Digital Asset to Trade and Hold

      The Loopring crypto is an interesting digital asset to invest in via centralized cryptocurrency exchanges, given the potential of the platform for offering improved scalability and efficiency for Ethereum developers and their dApps. As a result, the LRC token can be bought and traded against other digital assets on cryptocurrency exchanges and investors can also hold it over a long-term period.

      Generate a Stream of Passive Revenue

      You can also use LRC crypto to earn passive income by lending liquidity within the Loopring L2 App or even on leading exchanges and platforms. KuCoin is one place where you can grow your LRC holdings through the Crypto Lending feature by lending your LRC tokens and generating attractive APRs over a period of 7 days, 14 days or 28 days.

    FAQ

    How much is 1 LoopringCoin V2 (LRC) worth?
    KuCoin provides real-time AUD price updates for LoopringCoin V2 (LRC). LoopringCoin V2 price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time LRC to AUD exchange rates.
    Is Loopring (LRC) a Good Investment?

    The LRC is a promising cryptocurrency to invest in as Loppring’s scaling solution offers an attractive ecosystem for Ethereum developers to build projects on. The Loopring protocol offers all the security and convenience of the original Layer 1 Ethereum network but with greater scalability, lower costs, and higher throughput.

    In addition, Loopring’s use of zero-knowledge proofs for validation makes its network extremely secure for mainstream financial institutions to leverage. It serves to eliminate one of the biggest concerns holding back the adoption of blockchain technology among the global financial industry - security.

    The first zkRollup scaling solution for Ethereum, Loopring has the potential to become an attractive platform to develop mainstream DeFi applications. An increase in its use by DeFi protocols can power up the Loopring price, market cap and demand, making it an attractive digital asset to invest in.

    How High Can Loopring Price Go?

    Although it is impossible to make an accurate LRC price prediction over any given period of time, there are several factors that could support a rally in the Loopring price in the future. One of the biggest reasons driving up the price of any cryptocurrency, Loopring in this case, is a positive sentiment among investors towards the market.

    The bull run in 2021 saw the Bitcoin price rally to a new ATH near $70,000 and also helped many other digital assets across the board post strong gains. A similar uptick in investor interest can take the LRC price to new highs as well.

    The Loopring price can also touch new highs on the back of higher adoption of DeFi - its primary purpose. As more DeFi projects and decentralized exchanges launch on Loopring, the on-chain activity can rise and take the LRC price upwards.

    How are Loopring and GameStop Connected?

    GameStop is one of the biggest names using Loopring’s decentralized prowess. From announcing the GameStop NFT Marketplace powered by Loopring L2 in March 2022 to launching its very own self-custodial Web3 Ethereum wallet using its technology, Loopring’s zkRollup technology is helping GameStop enter the world of crypto.

    The news of GameStop’s NFT marketplace integration with Loopring had driven strong gains in the LRC token price in late March 2022. The Layer 2 scaling solution has helped the company enjoy Ethereum compatibility with its EVM solution, but with far lower transaction costs and faster transaction speeds.

    In May 2022, GameStop announced the launch of its non-custodial wallet powered by Loopring’s zkRollups, which will allow its users to manage their digital assets more conveniently. The GameStop Web 3.0 wallet can also be launched as a mobile app for use on smartphones, and when this feature rolls out, Loopring could enjoy more traction in the market, making its crypto even more valuable.

    How to Earn Passive Income With Loopring

    Here are the several ways owning Loopring can offer you a stream of passive income:

    Staking

    You can stake LRC on Loopring-based exchanges and centralized exchanges to generate a stream of passive revenue. The amount you earn can vary based on the number of LRC tokens you stake, duration, liquidity, demand, and the overall market sentiment.

    Lend Liquidity

    You can also lend liquidity within the Loopring ecosystem as well as on centralized exchanges to earn exciting returns. Becoming a liquidity provider in AMM pools on Loopring decentralized exchanges can help you grow your investment in this crypto.

    Insurer

    The zkRollup technology of Loopring leverages an insurance fund into which you can deposit your LRC holdings and earn returns. 10% of all protocol fees earned within the Loopring ecosystem will be distributed as rewards to insurers.

    KuCoin Crypto Lending

    KuCoin’s Crypto Lending feature offers the easiest way to earn passive income with Loopring (LRC). Simply head to this page on the KuCoin platform and search for the LRC token.

    Enter the number of LRC crypto you wish to lend liquidity, select the duration - choose from 7 days, 14 days, or 28 days. You can then see the daily interest rate on offer as well as an estimated profit you could earn.

    What is the all-time high price of LoopringCoin V2 (LRC)?

    The all-time high price of LoopringCoin V2 (LRC) is A$5.41. The current price of LRC is down 99.74% from its all-time high.

    What is the all-time low price of LoopringCoin V2 (LRC)?

    The all-time low price of LoopringCoin V2 (LRC) is A$0.01382. The current price of LRC is up 0.86% from its all-time low.

    How much LoopringCoin V2 (LRC) is there in circulation?

    As of 8 10, 2026, there is currently 1.37B LRC in circulation. LRC has a maximum supply of 1.37B.

    How do I store LoopringCoin V2 (LRC)?

    You can securely store your LoopringCoin V2 in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your LRC include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.