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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.
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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.
As of right now, the live price of Loopring (LRC) is $0.009111. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated LRC to USD rate at the top of BTCC’s price page. In terms of market scope, Loopring records a 24h trading volume of _24h.142076M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $12.600187M. Its current circulating supply stands at 1.37B out of a maximum supply cap of ∞.
The price volatility of Loopring (LRC) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (1.37B) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Loopring (LRC) hit an all-time high (ATH) of $3.827155 on 2021-11-10 12:20, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.007565 on 2026-08-19 11:05. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading LRC futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (_24h.142076M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s LRCUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Loopring, simply log into your BTCC account with USDT margin available, navigate to the LRCUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for LRCUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.009111), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for LRCUSDT with zero financial risk.
Trading Loopring (LRC) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for LRCUSDT, and review its live price ($0.009111) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
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.
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