Loopring Pro
  • Loopring Pro
  • Connect to Loopring L2
  • Mint NFT in 1-2-3
  • 💰Assets and Markets
    • Assets Page
      • Transaction History
    • How to:
      • Make instant transfers on Loopring
      • Withdraw from L2 to L1
      • "Force Withdraw" my tokens to L1
      • Receive Red Packets without a camera
    • Markets Page
  • 🔄Trade
    • Swap Assets
      • Swap tokens gas-free
      • Trade on the order books
  • 💸Earn
    • Overview
      • AMM Pool
        • Finding the highest earning pools on Loopring
        • Add liquidity to an L2 AMM pool
        • Remove liquidity from an AMM pool
      • ETH Staking
        • Leveraged ETH Staking
      • Dual Investment
        • Beginner Mode
      • LRC Staking
  • 🎨NFT
    • My NFTs
    • Create Collection
    • Create NFT
      • Easy Minting
      • Advanced Minting
        • Method A
        • Method B
        • Method C
    • Advanced
      • Import Legacy NFT
      • Support NFT collections minted in both Ethereum Layer 1 and Loopring Layer 2
      • Loopring Layer 2 Mint Metadata Explanation
      • Collection Implementation in Loopring Layer 2
      • Loopring NFT Platform Implementation Guide
  • 🌟Other Features
    • VIP Tiers
    • Guardian Actions
    • Bridge
    • Taxes: Koinly
      • Guide
    • Change Logs
      • 2024
        • 20 Nov
        • 22 Oct
        • 10 Oct
        • 24 Sep
        • 7 Sep
        • 30 Aug
        • 28 Aug
        • 3 Jul
        • 16 May
        • 17 Apr
        • 11 Apr
        • 9 Apr
        • 1 Apr
        • 27 Mar
        • 21 Mar
        • 1 Mar
        • 4 Feb
        • 19 Jan
        • 2 Jan
      • 2023
        • 20 Dec
        • 1 Dec
        • 29 Nov
        • 28 Nov
        • 24 Nov
        • 20 Nov
        • 9 Nov
        • 31 Oct
        • 13 Oct
        • 12 Oct
        • 10 Oct
        • 27 Sep
        • 24 Aug
        • 14 Aug
        • 09 Aug
        • 02 Aug
        • 18 Jul
        • 17 Jul
  • 📺Video Guides
    • Connect Metamask and activate Loopring L2
    • Deposit from Ethereum L1 (MetaMask) to Loopring L2
    • Use Metamask to Transfer to other Loopring L2 users
    • Withdraw from Loopring L2 back to Ethereum L1 using MetaMask
    • Trade on the Loopring L2 DEX
    • Provide liquidity on Loopring L2
Powered by GitBook
On this page
  • What is the Loopring Decentralised Exchange?
  • What is a zkRollup?

Was this helpful?

Loopring Pro

NextConnect to Loopring L2

Last updated 9 months ago

You can currently access the Loopring DEX by going to the Loopring L2 on a web browser, or through the Loopring smart wallet mobile app (available on iOS and Android).

This space will be tackling on interacting the website app, but note that all the L2 tactics you learn here can be applied similarly using your Loopring Wallet as well. If you’re more technical, you can also interact with L2 via our relayer .

What is the Loopring Decentralised Exchange?

The Loopring Decentralised Exchange (DEX) is an Ethereum cryptocurrency exchange built on the open-source Loopring zkRollup, a Layer 2 (L2) protocol. It’s an order book and AMM-based exchange that replicates the high-performance, low-cost trading experience of centralized exchanges.

The Loopring DEX is capable of settling up to 2,025 trades per second for up to 100 times lower cost than on the Ethereum L1. This allows users to trade speedily and cheaply without worrying about Ethereum congestion or gas fees while maintaining control of their assets.

The Loopring DEX is also non-custodial: Users can access their assets under any circumstances and the private keys are never stored. The Loopring L2 protocol ensures complete transparency and Ethereum-level security.

The Loopring DEX also acts as a payment app. Users can send ETH and ERC20 tokens to any Ethereum address instantly, cheaply, and securely on L2. This helps solve the problem of incompatibility between scalability and security.

What is a zkRollup?

A zero-knowledge rollup (zkRollup) is a type of Layer 2 scaling solution on Ethereum that ensures a much higher throughput and much lower costs without sacrificing security.

It does this by bundling up hundreds of transactions into one and moving them off-chain. There, it generates a cryptographic validity proof and sends it back to the main blockchain.

The fact that Ethereum verifies these proofs, and stores enough data to tell what off-chain account owns what, means that zkRollups inherit the same non-custodial security as Ethereum, but can run much faster.

For more in-depth technical info, read our Design Doc.

API
Page cover image