Loopring

Loopring is an Ethereum zkRollup Layer 2 protocol, providing a non-custodial solution for high-throughput, low-cost decentralized trading and payments. It boosts blockchain performance by processing transactions off-chain, which dramatically reduces fees and increases speed. This is achieved while maintaining Ethereum-level security through Zero-Knowledge Proofs.

Founded in 2017 by Daniel Wang, an accomplished computer engineering entrepreneur, Loopring addressed the scalability and cost issues hindering decentralized exchanges on the Ethereum mainnet. Wang's insight was to establish an efficient, secure, and accessible infrastructure for the emerging digital asset economy.

Loopring serves decentralized application developers, traders seeking economical transactions, and individuals using its payment features. Its vision centers on accelerating mainstream adoption of high-performance decentralized financial applications. The company aims to make these applications as fast and affordable as centralized options, advancing blockchain-powered finance.