Loopring is a software protocol designed to enable the creation of decentralized crypto exchanges on the Ethereum blockchain using zero-knowledge proofs (zk-Rollups). Its mission is to provide a platform for building decentralized applications that can match the speed and low cost of centralized services while retaining the security and self-custody benefits of Ethereum. Founded by Daniel Wang, the Loopring protocol allows for high-throughput, low-fee trading and payments without users having to surrender control of their private keys. The native token, LRC, is used for protocol fees, staking, and governance within the ecosystem.

Founded in

China