#LRC
LRC is the native cryptocurrency of Loopring, a decentralized exchange protocol built on Ethereum. Here are some key details about LRC coin:
Key Stats
- *Current Price*: $0.0926
- *Market Cap*: $126.58 million
- *Circulating Supply*: 1.4 billion LRC
- *Total Supply*: 1.4 billion LRC
- *24-Hour Trading Volume*: $14.87 million
What is Loopring?
Loopring is an open protocol for building decentralized crypto exchanges. It aims to combine the benefits of centralized and decentralized exchanges, allowing for faster and cheaper transactions. Loopring uses zero-knowledge proofs to enable secure and trustless transactions ¹ ².
Use Cases
LRC coin is used within the Loopring ecosystem to:
- *Pay Transaction Fees*: LRC is used to pay fees for transactions on the Loopring network.
- *Incentivize Liquidity Providers*: LRC is used to reward liquidity providers who contribute to the network.
Exchanges
You can buy and trade LRC on various cryptocurrency exchanges, including Bybit, Hotcoin, and Binance ³.