Review Date: 12/02/2023
Decentralized exchanges (DEXs) are a vital component of the cryptocurrency ecosystem, as they enable users to trade without the need for intermediaries. However, the inefficiencies of DEXs have been a major hindrance to their adoption. Loopring, a scalable DEX protocol built on Ethereum, seeks to address these inefficiencies through a hybrid approach.
Loopring enables the building of high-performance, orderbook-based DEXs that do not take custody of users' crypto-assets. The protocol is built with zkRollup, making it probably the first DEX protocol in the domain. Loopring aims to maintain the benefits of decentralized exchanges while lowering or eliminating thei
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