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Loopring, the layer-2 decentralized exchange (DEX) for Ethereum that uses zk-Rollups, is going multi-network, subsequently expanding its core pillars to four, following a recent update. In a Medium <\/span>post<\/span><\/a> on October 24, the platform said as part of this change in approach, they will be expanding the functionality of their Loopring Dapp.\u00a0<\/span><\/p>\n Under Loopring\u2019s new shift, there will be two parts of the Dapp in Loopring Pro and Earn functionalities. Furthermore, the Dapp\u2019s Smart Wallet will become multi-network, opening up more users in diverse but supported platforms.<\/span><\/p>\n Loopring Dapp was one of the three core pillars in the previous setup. Specifically, the Loopring zk-Rollups protocol formed the core infrastructure through which the layer-2 solution will scale all their products while relying on Ethereum\u2019s security.\u00a0<\/span><\/p>\n Loopring Pro Dapp was a portal through which decentralized finance (DeFi) users would interact with the Loopring DEX and other services. On the other hand, the Loopring Smart Wallet will be a tool where users can store assets securely. This wallet is baked into Loopring Pro Dapp.<\/span><\/p>\n Following the announcement, the team said the Loopring Earn DApp will serve as the \u201clighter\u201d version of the Pro service on the platform. A notable difference is that it has been reworked to be more customizable and can be deployed in any other compatible network via the Loopring zk-Rollups protocol.<\/span><\/p>\n The layer-2 protocol continues to build. Presently, the latest iteration of their DEX, version 3.6, the team said, has processed over 12 million transactions, generating more than $6 billion in trading volume. Since launching, the DEX has connected over 210,000 layer-2 wallets.\u00a0<\/span><\/p>\n Even so, the team plans not to build on this update. The strategy will be to deploy on platforms like Arbitrum<\/a>, where it can serve as a layer-2 or layer-3, creating a \u201chighly optimized app-chain experience.\u201d While at it, the team hopes to expand and scale their \u201cnew core products,\u201d creating more opportunities for DeFi users.<\/span><\/p>\n Following this news, LRC, the platform\u2019s native token, remains on an uptrend, rising with the broader markets. Still, whether the uptick was due to the revival in Bitcoin<\/a> and Ethereum is not immediately clear. However, what\u2019s clear is that the announcement coincided with the rally of BTC above $32,000, registering new 2023 highs.\u00a0<\/span><\/p>\n LRC is at new October 2023 highs, up 20% from October lows. At spot levels, the token is at December 2022 lows and down 62% from February 2023 highs. At 2023\u2019s peak, it changed hands at around $0.50.<\/span><\/p>\n Feature image from Canva, chart from TradingView<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Loopring, the layer-2 decentralized exchange (DEX) for Ethereum that uses zk-Rollups, is going multi-network, subsequently expanding its core pillars to four, following a recent update. In a Medium post on October 24, the platform said as part of this change in approach, they will be expanding the functionality of their Loopring Dapp.\u00a0 Loopring Going Multi-Network: […]<\/p>\n","protected":false},"author":2,"featured_media":181208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-181207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=181207"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181207\/revisions"}],"predecessor-version":[{"id":181209,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181207\/revisions\/181209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/181208"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=181207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=181207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=181207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Loopring Going Multi-Network: Will This Spark Activity?<\/span><\/h2>\n
LRC Remains Under Pressure: Will This Change?<\/span><\/h2>\n