Loopring Description

Loopring serves as an open protocol designed for the creation of scalable non-custodial exchanges on the Ethereum network. By utilizing zero-knowledge proofs (zkRollup), it facilitates efficient trading with high throughput and low settlement fees while ensuring the robust security measures characteristic of Ethereum. Throughout the entire trading process, users retain complete control over their assets. You can explore trading on Loopring to experience its features firsthand. As a protocol that is open-sourced, audited, and non-custodial, it eliminates the need for trust among participants within the Loopring ecosystem. Users’ cryptoassets are consistently under their own control, backed by 100% security guarantees equivalent to Ethereum's standards. Loopring enhances the capacity of decentralized exchanges by processing thousands of requests off-chain, ensuring verifiable execution through zero-knowledge proofs. Consequently, the limitations of underlying blockchains are no longer a hindrance to performance. Most functions, such as order-matching and trade settlement, are conducted off the Ethereum blockchain, streamlining operations and enhancing efficiency. This innovative approach positions Loopring as a leader in the realm of decentralized finance.

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ZKSwap Reviews
ZKSwap
Transactions on the ZKSwap Layer 2 network are executed rapidly and without any gas fees, significantly lowering the cost for users. The theoretical transactions per second (TPS) can exceed 10,000, enabling real-time trading without delays. This platform offers a hassle-free trading experience, allowing users to maintain complete control over their assets while ensuring that transactions are authorized solely by them, thereby enhancing both privacy and account security. Users have the flexibility to add any token and create their own trading pairs for a nominal fee, and there will be support for 0 gas fee airdrops, ensuring a fluid trading experience complemented by instant payment capabilities. Utilizing ZK-Rollups technology, the TPS can be dramatically increased. As users benefit from seamless transactions, their assets remain securely and autonomously managed. Furthermore, ZKSwap plans to implement a range of smart contracts on the Ethereum blockchain to securely store user deposits while simultaneously recording and verifying updates and proof of Layer 2 transactions. This innovative approach not only enhances the platform's efficiency but also fosters greater trust among its users.
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zkSync Reviews
zkSync
zkSync stands out as the most user-focused ZK rollup solution in the Ethereum ecosystem. This innovative scaling method has no limitations on the volume it can securely manage in Layer 2, setting it apart from other strategies. In contrast to optimistic rollups, it facilitates rapid and economically efficient transfers of assets between the ZK rollup and Layer 1. Notably, zkSync boasts the lowest transaction costs among all current and forthcoming rollups. Additionally, it offers features like meta-transactions, immediate confirmations with economic finality, and affordable privacy options. The design philosophy of zkSync emphasizes simplicity and enjoyment in the development process. Developers can easily integrate payments and atomic swaps using just a few lines of code. Moreover, zkSync allows for the creation of type-safe, functional smart contracts with Zinc, a Rust-based framework, and enables the deployment of existing EVM codebases with minimal adjustments. This combination of features makes zkSync an attractive choice for developers seeking efficiency and innovation in blockchain applications.
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Pricing

Free Version:
Yes

Integrations

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Reviews - 2 Verified Reviews

Total
ease
features
design
support
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Company Details

Company:
Loopring
Year Founded:
2017
Headquarters:
China
Website:
loopring.org

Media

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Product Details

Platforms
Web-Based
Android App
Types of Training
Training Docs
Live Training (Online)
Customer Support
Online Support

Loopring Features and Options

Loopring User Reviews

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  • Name: Luke R.
    Job Title: CTO
    Length of product use: Less than 6 months
    Used How Often?: Daily
    Role: User
    Organization Size: 1 - 25
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Super cheap fees, app works great

    Edited: Dec 02 2021

    Summary: Loopring are doing something amazing here and I can't wait for the L2 fiat ramps to complete the cycle. Very soon we will have truly decentralized exchanges with super low fees thanks to the Loopring protocol.

    Positive: It was very easy to link my wallet with the MetaMask extension in Chrome. Then you can trade without paying the gas fees. It only cost $0.40 per trade which is considerably cheaper than gas fees right now.

    Negative: Nothing really. Interface is basic but this is a beta. The high cost for setting up their L2 wallet is off-putting but that is because of the current gas fee on L1 network.

    Read More...
  • Name: V K.
    Job Title: Developer
    Length of product use: Less than 6 months
    Used How Often?: Weekly
    Role: User
    Organization Size: 20,000 or More
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    This is garbage

    Date: Feb 04 2023

    Summary: I'm a dev trying to integrate this garbage of a wallet to my website, it's giving me a really hard time.
    No documentation at all.
    Their example on how to connect their own wallet, written by their devs doesn't work, which speaks for itself about the quality of the product they deliver.

    Positive: I didn't really like anything.
    May be the fact that you changing tokens on l2 is gas free a plus

    Negative: It doesn't work with any WalletConnect compatible dapp except for their own website.

    Read More...
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