- #4416
Loop Network LOOP
LOOP Price
Market Cap
--Rank #4416FDV
$3.00 MRank #2692Investors
X Followers
Detailed Performance
LOOP shows Neutral behaviour against top cryptocurrencies, leading categories and blockchains over various time periods
LOOP to USD Converter
About Loop Network (LOOP)
What is Loop Network?
Loop Network is a blockchain network that is compatible with the Ethereum Virtual Machine (EVM). It allows users to swap or bridge assets between Loop Network and other EVM-compatible chains, such as the BNB Chain. Loop Network supports the development of decentralized applications (dApps) using popular Ethereum-based tools like MetaMask, Remix, Hardhat, Waffle, and Truffle. It also provides support for programming languages like Solidity and Vyper, which compile to EVM bytecode. Loop Network follows token interface standards to ensure compatibility with existing decentralized exchanges, making it easier for new projects to issue tokens that can be traded seamlessly.
What makes Loop Network unique?
Loop Network is unique compared to other cryptocurrencies in several ways.
Firstly, Loop Network focuses on token interfaces and development standards that ensure smart contracts remain composable. This means that when a new project issues a token, it remains compatible with existing decentralized exchanges. This standardization promotes interoperability and ease of integration within the ecosystem.
Secondly, Loop Network offers high scalability, with an "Infinity TPS" (Transactions Per Second) capability. This allows for fast and efficient transaction processing, enabling a seamless user experience.
Thirdly, Loop Network utilizes a proof-of-stake consensus mechanism, which is more energy-efficient and environmentally friendly compared to proof-of-work mechanisms used by other cryptocurrencies like Bitcoin. This ensures a sustainable and eco-friendly approach to network security and transaction validation.
Lastly, Loop Network is designed specifically for decentralized applications (DApps) and has a strong focus on the development of the decentralized finance (DeFi) ecosystem. It aims to provide an open and global financial system that is transparent, accessible, and offers alternatives to traditional banking systems.
Overall, Loop Network's unique features and focus on token standards, scalability, energy efficiency, and decentralized finance make it stand out among other cryptocurrencies.
Live Loop Network Price Data
The current price of Loop Network (LOOP) is approximately $0.01658, reflecting a decrease of -2.61% in the last 24 hours. The LOOP trading volume in the last 24 hours stands at $20,752.00.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Loop Network's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on LOOP, check out our crypto insights page.