Convert and Swap Loopring LRC to United States Dollar USD
LRC/USD: 1 Loopring equals $0.19 USD
Last update: 9:41 PM, December 22, 2024
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Loopring is falling this week.
The current price of Loopring is $0.19 per LRC. With a circulating supply of 1,366,806,970.189 LRC, it means that Loopring has a total market cap of $266,080,768.34. The amount of Loopring traded has fallen by $5,102,490.66 in the last 24 hours, which is a 27.27% decrease. Additionally, in the last day, $18,710,788.13 worth of LRC has been traded.
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About Loopring
Loopring is an Ethereum token that describes itself as “an open-sourced, audited, and non-custodial exchange protocol.” It aims to allow anyone to build non-custodial, order book-based exchanges on Ethereum by leveraging zero-knowledge proofs.
Loopring (LRC) is an Ethereum-based cryptocurrency token that serves as the foundation for an open protocol designed to facilitate the creation of decentralized crypto exchanges. The protocol aims to blend the advantages of centralized and decentralized exchanges by combining centralized order matching with decentralized on-blockchain order settlement. This hybrid approach seeks to address the common downsides of both types of exchanges. LRC tokens were first made available to the public in August 2017, and the Loopring protocol was deployed on the Ethereum mainnet in December 2019.
Loopring operates by managing orders in a centralized manner but settling trades on the blockchain. It can combine up to 16 orders into circular trades, rather than strictly allowing one-to-one trading pairs. This approach is intended to enhance the efficiency of order execution and improve the liquidity of decentralized exchanges. The issuance of LRC tokens is governed by smart contracts that make up the Loopring Protocol. Nodes on the Loopring network are rewarded in LRC tokens for combining individual orders into order rings, maintaining public order books and trade history, and in some cases, broadcasting orders to other relays.
Loopring's primary use case is to provide a platform for the development of decentralized crypto exchanges. By combining elements of centralized and decentralized exchanges, Loopring aims to offer a protocol that eliminates the inefficiencies of both types of exchanges. This includes addressing the custodial nature of centralized exchanges, which puts users' funds at risk, and the lack of transparency that allows for potential price manipulation. Loopring also seeks to address the inefficiencies of decentralized exchanges, such as lower efficiency due to the limited capabilities of underlying blockchains and fragmented liquidity.
Loopring was founded by Daniel Wang, a software engineer and entrepreneur based in Shanghai, China. Wang has held multiple managerial and executive positions in major tech companies, including Google and JD.com, and has co-founded several companies. The Loopring protocol was first deployed on the Ethereum mainnet in December 2019, following the initial coin offering (ICO) of LRC tokens in August 2017. The protocol has since been operable on Ethereum and Neo blockchains, with plans to add support for the Qtum blockchain.
How Loopring and United States Dollar differ
Loopring (LRC) and the US Dollar (USD) are two distinct forms of value representation, each with its unique characteristics. Loopring is an Ethereum-based cryptocurrency token that underpins an open protocol striving to facilitate the creation of decentralized crypto exchanges. It aims to merge the benefits of centralized and decentralized exchanges by integrating centralized order matching with decentralized on-blockchain order settlement. This hybrid approach is designed to tackle the common drawbacks of both types of exchanges. On the other hand, the US Dollar is a traditional fiat currency, issued and regulated by the US Federal Reserve. It is widely accepted globally for trade and commerce, and its value is determined by various economic factors such as inflation, interest rates, and the economic health of the nation. Unlike Loopring, the US Dollar does not operate on a blockchain, nor does it use smart contracts or decentralized systems for transactions. Instead, it relies on centralized banking systems and physical cash for its operations. Loopring's primary use case is to provide a platform for the development of decentralized crypto exchanges, while the US Dollar serves as a medium of exchange, a store of value, and a unit of account in the traditional financial system.
Frequently asked questions
How much is 1 Loopring in USD?
Right now, 1 Loopring is worth about $0.19.
How much LRC could I buy for 1 USD?
Based on the current rate, you could get 5.15 LRC for 1 USD.
How much has the price of Loopring changed?
Loopring price has been declining. Since yesterday, the exchange rate of Loopring has decreased. Since last month, the exchange rate of Loopring has increased. Since this time last year, the price of Loopring has decreased.
How do I calculate or convert LRC to USD?
You can use our LRC to USD calculator at the top of this page to convert any amount of LRC to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 25.73 LRC. Inversely, 5 LRC will cost about $0.97
How can I buy 1 Loopring on Coinbase?
Loopring is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Loopring.
What are assets similar to Loopring that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Loopring, including Basic Attention Token, Moonbeam, and SafePal. For a more robust list of assets to explore, jump to the asset page dedicated to Loopring.
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Buy Loopring with Coinbase Wallet
Create a Coinbase account to buy and sell Loopring on the most secure crypto exchange.
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LRC to United States Dollar conversion tables
The exchange rate of Loopring is decreasing.
The current value of 1 LRC is $0.19 USD. In other words, to buy 5 Loopring, it would cost you $0.97 USD. Inversely, $1.00 USD would allow you to trade for 5.15 LRC while $50.00 USD would convert to 257.33 LRC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 24.91%. Meanwhile, in the last 24 hours, the rate has changed by 3.47%, and that the the highest exchange rate of 1 LRC to United States Dollar was $0.20 USD and the lowest 24 hour value was 1 LRC for $0.19 USD. This time last month, the value of 1 LRC was $0.18 USD, which is a 3.45% decrease from where it is now. Looking back a year, Loopring has changed by $0.28 USD. That means that in a single year, the value of Loopring has shrank by 30.13%.
LRC to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$0.20 USD | -3.47% | $0.26 USD | -24.91% | $0.18 USD | 3.45% | $0.28 USD | -30.13% |
LRC to USD
Amount | Today at 9:41 pm |
|---|---|
0.5 LRC | $0.10 |
1 LRC | $0.19 |
5 LRC | $0.97 |
10 LRC | $1.94 |
50 LRC | $9.72 |
100 LRC | $19.43 |
500 LRC | $97.15 |
1,000 LRC | $194.30 |
USD to LRC
Amount | Today at 9:41 pm |
|---|---|
0.5 USD | 2.57 LRC |
1 USD | 5.15 LRC |
5 USD | 25.73 LRC |
10 USD | 51.47 LRC |
50 USD | 257.33 LRC |
100 USD | 514.67 LRC |
500 USD | 2,573.34 LRC |
1,000 USD | 5,146.68 LRC |
Today vs. 24 hours ago
Amount | Today at 9:41 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 LRC | $0.0972 | $0.0994 | -2.29% |
1 LRC | $0.19 | $0.20 | -2.29% |
5 LRC | $0.97 | $0.99 | -2.29% |
10 LRC | $1.94 | $1.99 | -2.29% |
50 LRC | $9.72 | $9.94 | -2.29% |
100 LRC | $19.43 | $19.88 | -2.29% |
500 LRC | $97.15 | $99.42 | -2.29% |
1,000 LRC | $194.30 | $198.84 | -2.29% |
Today vs. 1 month ago
Amount | Today at 9:41 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 LRC | $0.0972 | $0.0912 | +6.54% |
1 LRC | $0.19 | $0.18 | +6.54% |
5 LRC | $0.97 | $0.91 | +6.54% |
10 LRC | $1.94 | $1.82 | +6.54% |
50 LRC | $9.72 | $9.12 | +6.54% |
100 LRC | $19.43 | $18.24 | +6.54% |
500 LRC | $97.15 | $91.18 | +6.54% |
1,000 LRC | $194.30 | $182.37 | +6.54% |
Today vs. 1 year ago
Amount | Today at 9:41 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 LRC | $0.0972 | $0.14 | -30.91% |
1 LRC | $0.19 | $0.28 | -30.91% |
5 LRC | $0.97 | $1.41 | -30.91% |
10 LRC | $1.94 | $2.81 | -30.91% |
50 LRC | $9.72 | $14.06 | -30.91% |
100 LRC | $19.43 | $28.12 | -30.91% |
500 LRC | $97.15 | $140.62 | -30.91% |
1,000 LRC | $194.30 | $281.24 | -30.91% |
Buy Loopring with Coinbase
Create a Coinbase account to buy and sell Loopring on the most secure crypto exchange.
Buy Loopring with Coinbase Wallet
Create a Coinbase account to buy and sell Loopring on the most secure crypto exchange.
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