Last updated:--
View ChartLoopring (LRC) is the Ethereum-based cryptocurrency token of Loopring, an open-source Layer 2 protocol built to make Ethereum faster and cheaper through advanced zero-knowledge rollups, specifically zkRollups and zkSNARK rollup technology. The protocol was designed to support scalable, non-custodial decentralized exchanges by combining centralized order matching with decentralized on-blockchain settlement. LRC is an ERC-20 token with a fixed supply of approximately 1.37 billion coins. Loopring was founded in 2017 and first deployed on the Ethereum mainnet in December 2019. According to the official Loopring website, the project has shut down and is no longer operational, a critical status update for anyone researching LRC today.
Loopring was founded by Daniel Wang, who served as Founder and CEO of the Loopring Foundation, the entity managing the development of the Loopring protocol. Wang is a software engineer and entrepreneur based in Shanghai, China. He holds a bachelor's degree in computer science from the University of Science and Technology of China and a master's degree in the same field from Arizona State University. His prior experience includes roles as lead software engineer at Boston Scientific, senior director of engineering for search, recommendation and ads systems at JD.com, and tech lead and senior software engineer at Google. He also worked for Nuance Communications and ran a centralized exchange called Coin Port in 2014. Steve Guo served as Loopring CTO. Detailed public information on the broader core team is currently limited.
Loopring operates as an open Layer 2 protocol on Ethereum that uses zero-knowledge rollups to bundle transactions off-chain and settle them on-chain. Its smart contracts and zero-knowledge proof circuits allow multiple exchanges to mix and match orders, handle off-chain order matching, and conduct on-chain transaction clearing and payments. This architecture delivers higher throughput and lower settlement costs without sacrificing Ethereum-level security guarantees. Traders using Loopring never have to deposit funds into an exchange to begin trading, as funds always remain in user wallets and are never frozen by orders. The network functions as a gas-free route for users to deposit and withdraw Ethereum-based assets, with fees that may go as low as one-hundredth of an Ethereum transaction cost. Loopring is blockchain-agnostic and can run on any public blockchain that wishes to integrate it.
Loopring's primary distinction is its hybrid model, combining centralized order matching with decentralized on-blockchain order settlement to capture the best aspects of both exchange types. It shields traders from counterparty risk and reduces trading costs while preserving complete user autonomy over funds. The protocol's zkRollup design enables trades at a fraction of the cost of Ethereum directly. Loopring also pursued cross-chain compatibility beyond Ethereum and contributed to the evolution of the DeFi ecosystem by offering functional, easy-to-use decentralized trading solutions. Its collaboration with the blockchain association at the University of California, Berkeley, further extended its academic and research reach. These attributes made Loopring a notable infrastructure project during the Layer 2 scaling wave.
LRC serves several key utilities within the Loopring protocol. It is used for staking, protocol fees, and as a bond that DEXes can post to follow protocol-defined behavior. In the original economic structure, LRC stakers who locked up tokens for a minimum of 90 days earned fees from the protocol. Under the revised economic structure introduced in January 2021, protocol fees are distributed as 80% to liquidity providers on Loopring order books and automated market makers, 10% to insurers, and 10% to Loopring's decentralized autonomous organization. LRC holders can also participate in governance through the DAO. The token is transferable on Ethereum as a standard ERC-20 asset.
Loopring's most prominent ecosystem development came in March 2022, when video game retail company GameStop announced it had built its new NFT marketplace atop the Loopring Layer-2 protocol. Loopring served as the underlying infrastructure for the NFT platform developed by GameStop, and following the announcement the value of LRC rose significantly to $3.83, its highest level ever. The project also established a significant collaboration with the blockchain association at the University of California, Berkeley, and sought to extend cross-chain compatibility to run on blockchains in addition to Ethereum. However, the official Loopring website now states that Loopring has shut down and is no longer operational, meaning the ecosystem is no longer actively developing.
LRC is not a mineable proof-of-work cryptocurrency. It is an ERC-20 token issued on Ethereum with a fixed supply, so there is no mining process for generating new LRC. Instead, token holders could previously participate in staking, where LRC was locked up for a minimum of 90 days to earn protocol fees under the original economic model. Following the January 2021 economic restructure, protocol fees were redirected to liquidity providers, insurers, and the Loopring DAO rather than directly to stakers. Given that the project has shut down and is no longer operational, staking and protocol-based reward mechanisms are no longer active.
Because LRC is an ERC-20 token on Ethereum, it can be stored in any wallet that supports Ethereum-based assets, including self-custody wallets where you control your own private keys. Hardware wallets offer strong protection against online threats by keeping keys offline. Always back up your seed phrase and store it securely offline, never share it with anyone, and be cautious of phishing sites and fake wallet applications. Since Loopring's smart contracts and protocol are no longer operational, users should be especially careful about interacting with any third-party platforms claiming to offer Loopring-related services. Verify contract addresses directly on etherscan.io before approving any transactions, and consider moving assets to secure, well-reviewed wallets for long-term holding.
LRC is an established cryptocurrency that may be listed on select exchanges. For a secure and liquid trading experience, using a major regulated platform like BTCC is recommended.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
Choose Loopring products that suit your trading style
Thank you for your interest in BTCC. Currently, spot and futures trading services for LRC are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
Loopring (LRC) has a fixed supply capped at roughly 1.375 billion tokens, so no new LRC is minted through staking. Instead, staking was a demand-side mechanism: holders locked LRC to earn a share of protocol fees, which reduced the freely tradable float.
In January 2021, Loopring revised its economic structure. Under the old model, stakers who locked tokens for at least 90 days earned protocol fees. The new model redirected fees as 80% to liquidity providers on order books and AMMs, 10% to insurers, and 10% to the Loopring DAO.
Because supply is fixed, any price effect came from demand and float, not issuance. Staking lock-ups and fee-sharing could tighten circulating supply and support price during periods of active Layer 2 trading, while weaker DEX activity reduced that support. Note that Loopring has since shut down and is no longer operational.
Loopring (LRC) is an open Layer 2 protocol on Ethereum built around zkRollup technology. Its smart contracts and zero-knowledge proof circuits let high-performance DEXes batch trades off-chain while settling on-chain, preserving Ethereum-level security with higher throughput and lower settlement costs.
Because the protocol offered a gas-free route to deposit and withdraw Ethereum-based assets, fees could fall as low as 1/100th of a standard Ethereum transaction cost. Lower fees and faster execution were meant to attract DEX and AMM activity, which in turn drove demand for LRC through staking and fee-sharing.
In practice, that demand never reached mass adoption. The Loopring Layer 2 relayer and its DEX and AMM services have been shut down, and the project is no longer operational, so the expected value accrual to LRC did not materialize.
A spot ETF would be a regulated fund holding the underlying asset, letting traditional brokerage and retirement accounts gain exposure without managing wallets. For Loopring (LRC), sustained institutional inflows would typically deepen liquidity, improve legitimacy, and create a steadier price floor.
However, no Loopring spot ETF exists, and the practical path is closed: Loopring has shut down and is no longer operational. Its Layer 2 relayer, DEX, and AMM services were taken offline on June 29, 2026, with the team citing an inability to achieve mass adoption.
Without a live protocol, there is no operating business for an issuer to package, and institutional adoption of LRC as a Layer 2 DEX token is highly unlikely. Any remaining LRC trading reflects legacy market activity rather than new fundamental inflows.
Loopring (LRC) and Bitcoin (BTC) sit at opposite ends of the crypto risk spectrum. LRC was an Ethereum-based Layer 2 DEX token with a fixed supply, while BTC is the largest, most liquid crypto asset and a widely held store-of-value and macro hedge.
| Dimension | Loopring (LRC) | Bitcoin (BTC) |
|---|---|---|
| Core Positioning | Layer 2 DEX protocol token | Digital store of value |
| Supply Model | Fixed, ~1.375B cap | Fixed, 21M cap |
| Consensus | zkRollup on Ethereum | Proof of Work |
| Main Use Cases | Staking, DEX fees, AMMs | Settlement, reserve asset |
BTC trades on deep global markets and is the default institutional allocation. LRC was a small-cap, high-beta bet on Ethereum Layer 2 adoption, and Loopring has since shut down, making it a legacy asset rather than a going concern.
On BTCC, LRC/USDT perpetual contracts support stop-loss (SL) and take-profit (TP) orders so you can define risk before entering. Place them from the order panel or directly on the position after it opens.
Always confirm the trigger price and order type before submitting, and remember that leverage magnifies both gains and losses. For beginners, keep position size small and never trade without a stop-loss.
The current price of Loopring (LRC) is ₹0.948188, with a market cap of ₹130.982702Cr and 24h trading volume of ₹17.568569Cr. The circulating supply is 136.84Cr (max supply ∞).
These figures update in real time as orders are matched across global markets, so short-term moves can differ from any snapshot. For the most accurate live data, open the LRC/USDT perpetual contract page on BTCC and check the live order book, funding rate, and recent trades.
Loopring (LRC) price is shaped by three layers of drivers:
Because LRC is a small-cap Layer 2 DEX token, it is highly sensitive to risk appetite and to Ethereum gas and scaling trends. Note that Loopring has since shut down, so protocol-driven demand has effectively ended.
The all-time high of Loopring (LRC) is ₹367.94268, reached on 2021-11-10 12:20; the all-time low is ₹0.727343, recorded on 2026-08-19 11:05.
Comparing the two extremes shows the full drawdown of LRC across its market cycle, from the 2021 peak to the lows after the project wound down. You can inspect the full-cycle chart on BTCC to view historical price action, volume, and key turning points for LRC.
A LRC candlestick packs four prices for each time interval: open, high, low, and close. The thick body spans open to close, while the thin wicks show the session high and low. A long lower wick suggests buyers defended the low; a long upper wick suggests sellers capped the high.
Combine these signals rather than relying on any single indicator.
You can short LRC without holding spot by using LRC/USDT perpetual contracts on BTCC. A short position profits when price falls: you open the short at a high price, then close it by buying back at a lower price, locking in the price difference.
This gives you a two-way trading opportunity. In a bear market or during a pullback, a short can capture downside moves that a spot holder cannot. You can also use leverage to control a larger position with less margin, though this magnifies losses as well as gains.
Risk management matters: set a stop-loss above key resistance, size positions carefully, and monitor funding rates on perpetual contracts, since they can add to holding costs.
Yes. BTCC offers flexible leverage on LRC/USDT perpetual contracts, up to 50x, subject to platform risk rules and position limits. Higher leverage means a smaller margin controls a larger position, which can amplify returns when the market moves your way.
Leverage also magnifies losses, and at high levels a small adverse move can trigger liquidation. Beginners should start at 2x to 10x and always use a strict stop-loss. Keep an eye on margin ratio and consider adding margin or reducing size before it approaches the maintenance threshold.
Before trading live, you can rehearse leverage and risk settings in BTCC's demo mode with virtual funds.
After registering on BTCC, switch to Demo Trading mode to practice LRC trading without risking real money. The demo account provides virtual funds, for example 100,000 USDT, while streaming real LRC market data.
You can rehearse the full workflow: adjusting leverage, choosing margin mode, placing long or short orders, and setting take-profit and stop-loss levels. Because the market data is live, the price action you practice on mirrors the real LRC/USDT perpetual contract.
Use the demo to build a repeatable process, test position sizing, and get comfortable with liquidation risk before funding a live account.
Here is the four-step flow to trade LRC on BTCC:
Start with a small position and low leverage while you learn how funding rates and liquidation work. You can also practice the same steps in BTCC's demo account with virtual funds before committing real capital.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.