Loopring is an Ethereum Layer-2 scaling protocol. It allows for building high-throughput, low-cost, non-custodial AMMs, orderbook exchanges, and payment applications on Ethereum by leveraging Zero-Knowledge Proofs.
WHY LOOPRING?
SUPER SECURE
Loopring is an open-sourced, audited, and non-custodial exchange and payment protocol. Nobody in the Loopring ecosystem needs to trust others. zkRollup assures assets are always under users' own control; 100% Ethereum-level security guarantees.
HIGH THROUGHPUT
Loopring powers highly scalable decentralized exchanges and payments by batch-processing thousands of requests off-chain, with verifiably correct execution via ZKPs. The performance of Ethereum is no longer the bottleneck.
LOW COST
Loopring performs most operations, including trade and transfer settlement, off the Ethereum blockchain. This dramatically reduces gas consumption and overall transaction cost to small fractions of comparable on-chain cost.
LOOPRING'S VISION
Loopring builds protocols, infrastructure, and user-facing products for the future of finance. We believe this future is built on Ethereum, and specifically on layer 2 (zkRollups).
Users of decentralized finance (DeFi) need not choose between security and performance. Loopring's L2 provides a low-fee, high-speed platform for trading, swapping, liquidity providing, and payments - without sacrificing Ethereum security at all.
We envision a digital economy where users are empowered and always in control of their assets. Loopring has succeeded in proving that non-custodial technology can replicate custodial alternatives in speed, cost, and experience. We have made DEXes as performant as CEXes, and will outcompete incumbent fintech.
Loopring's objective is to design and engineer the best-in-class zkRollup exchange and payment protocol on Ethereum, and to operate products that bring it to users across the world.
LOOPRING PROTOCOL IS COMPLETELY SECURE
The security and sovereignty of user assets is Loopring's top priority. We deployed the first zkRollup protocol on Ethereum - the most secure scaling mechanism the industry knows of, whereby users can access their assets in all circumstances. On Loopring protocol, exchange and payment applications simply cannot be evil. No person, company, nor state can come between a user and their Ethereum-based assets.
Loopring inherits 100% Ethereum-level security guarantees. Loopring protocol does not rely on any external validators, consensus, or cryptoeconomic assumptions. Only Ethereum and Zero Knowledge cryptography. All actions are correct by construction, or simply cannot happen: exchange operators are constrained to purely protocol-described behaviour.
LOOPRING PROTOCOL IS A BUSINESS'S BEST-FRIEND
Control is a liability. For centralized crypto exchanges, the stress and fear of being hacked is immenese. So is the regulatory burden. Loopring protocol ensures that an exchange or payment application simply cannot access or lose user assets. And without control over user assets, exchanges may also shed some regulatory burden. Using an open-sourced, audited, cryptographically sound Ethereum protocol means less time & money spent on security & compliance, and more on growing your business.
If you don't use the Loopring protocol to power your exchange, you can still use it for its payment functionality - as a fast, gas-free lane for users to deposit and withdraw Ethereum-based assets. Augment the experience for users, while dramatically reducing your network (gas) costs. No extra tooling required.
LOOPRING PROTOCOL IS REMARKABLY PERFORMANT
Loopring solves scalability without compromising Ethereum security. Our zkRollup throughput reaches approximately 1000x of Ethereum, or as high as 2,025 trades per second. The cost per transaction is reduced to as little as 1/100th the cost of Ethereum, with trades and transfers costing fractions of a cent. With Loopring, we expect non-custodial exchanges and payment apps to continue outcompeting and displacing centralized ones.
Ethereum has become so popular and heavily used, that it exists in a near-permanent state of congestion, where users face absurdly high fees and long delays. Layer 2 presents a less congested fast lane, where users transact gas-free and without delay, yet completely coupled to Ethereum security. From a user's POV, it just works, with blockchain UX problems abstracted. Loopring's performance is sufficient for algorithmic traders and market makers to deploy legacy-style, HFT strategies on DEXes for the first time.
LOOPRING EXCHANGE
Loopring Exchange (exchange.loopring.io) is the leading non-custodial trading platform built on an Ethereum zkRollup (Loopring protocol).
You can trade and provide liquidity - on AMM pools or orderbooks - gas-free, at high-speeds, completely securely. Just plug in your MetaMask or WalletConnect-compatible wallets.
LOOPRING WALLET
Loopring Wallet is an Ethereum mobile smart contract wallet, with Loopring zkRollup baked in. It is the first smart wallet app with L2 scaling, and provides a secure, intuitive, powerful Ethereum experience in your pocket. Swap on the AMM, become an LP, trade on the books, invest & earn in DeFi, send payments to anyone, anywhere - all gas-free, and at the tap of a finger.
Completely self-custodial, only smarter. You can say goodbye to seed phrases and paper backups, and say hello to social recovery. This means choosing people, institutions, and hardware that you trust as the guardians of your wallet. If ever you lose access to your mobile, they help you recover your assets. As long as more than half of your guardians are trustworthy, your assets are secure. You can also set limits on daily transfers, and whitelist trusted addresses.