Loopring

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A blockchain research organization pioneering the future of finance. Loopring is building protocols, infrastructure, and user-facing DeFi products atop Ethereum, envisioning a digital economy that empowers its participants with full and guaranteed self-custody of their assets.

DeFi doesn't have to be a trade-off between security and performance. With this in mind, Loopring's Layer2 solutions work in synergy with Ethereum Layer1, enabling low-fee, high-speed, Ethereum-secured platforms for trustless trading, swapping, liquidity providing, and payment.

Ongoing projects led by Loopring:

Loopring Protocol: powered by zkRollups on Layer2, enables Ethereum to scale effectively without sacrificing Ethereum Layer1 guarantees
Loopring Layer2 Dex: An orderbook and automated market maker (AMM)-based non-custodial decentralized exchange (DEX) built atop Ethereum using the Loopring Protocol (v3).
Loopring Wallet: A mobile app for Android and iOS featuring an Ethereum Layer1 and Layer2 social recovery smart wallet.

founded 1 year ago

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How does Loopring's or any other's Decentralized Exchange (DEX) increase trading volume? (alien.top)

submitted 11 months ago by OnTheGreatWave@alien.top to c/loopring@blockchained.world

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As of this moment (around 8:30 AM on November 30th), Loopring's DEX is ranked #145 by trading volume in the last 24 hours. How can it increase this and its userbase? What can the company do and what can its existing userbase do? And what is Loopring doing overall?

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[–] st_chewy@alien.top 1 points 11 months ago (1 children)

That's the question. The infrastructure is good. Just need people to use it.

One more tweet from byron saying wagmi should shoot us to number 1 🙏

[–] financialfreeabroad@alien.top 1 points 11 months ago

What’s wagmi again?

[–] thealiensguy@alien.top 1 points 11 months ago

For some reason, and i think coinbase has a lot to do with this, loopring doesnt work with most of the decentralized platforms in the DEX space. This includes uniswap, sushi, aave, compound, all these services have arbitrum or base but dont have loopring. Something big is happening…

[–] Gaping_llama@alien.top 1 points 11 months ago

Fees. I don’t use it because of how much gets taken off the top to move to and from L2. It feels like you’re being locked on L2.