Loopring – Page 3 – DIGIT INFO

Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month

Since November 9, 2021, or 46 days ago, transaction fees on the Ethereum network have been cut by more than half the rate they were on that day. At the time, the average fee to move ethereum was $62.84 per transfer and since then, the fees have dropped 62.85% to $23.34 per transaction. From $62 […]

Go to Source

Loopring Price Continues To Show Strong Support at $2.7, Is LRC Ready for a Breakout?

Loopring price continues to trade sideways at $2.7 after hitting an all-time high of $3.6 on November 10th. Loopring’s ecosystem continues to grow and recently placed as the fourth-largest Layer-2 network by market share, following Arbitrum, Boba Network, and dYdX. Is LRC ready for a breakout above $3? Let’s find out. What Is Loopring? Loopring is a Layer-2 network looking to solve Layer-1’s congestion. There are a variety of Layer-2 solution networks implementing different scaling algorithms such as Optimistic Rollup, ZK Rollup, Plasma, and Validium. Loopring uses ZK Rollups, a scalability solution allowing blockchains to validate transactions faster while also

The post Loopring Price Continues To Show Strong Support at $2.7, Is LRC Ready for a Breakout? appeared first on The Merkle News.

Go to Source

Ethereum Devs Assess Reducing Data Transfer Cost 5x, EIP-4488 Becomes Possible Solution

The second leading crypto asset ethereum has been dealing with high fees since the end of June and today the average ethereum transaction fee is between $5 and $34 per transfer. While there’s been a lot of complaints about ether gas costs this year, Ethereum founder Vitalik Buterin has recommended an Ethereum Improvement Proposal (EIP) […]

Go to Source

Loopring Price Continues Astronomical Rise, up 300% In a Week

Loopring continues to see astronomical price gains this week as it set a new all time high of $3.04. With a 24 hour trading volume of $6.1 Billion, LRC is the second most traded pair on Binance. Let’s take a look at recent Loopring news and see why the price is rising. What Is Loopring? In the simplest terms possible, Loopring is a layer 2 scaling solution for Ethereum. It’s build on top of the Ethereum network and allows users to trade digital assets with far less fees. One of the biggest problems with Ethereum, especially for new users, is

The post Loopring Price Continues Astronomical Rise, up 300% In a Week appeared first on The Merkle News.

Go to Source

Metaverse Tokens See Triple-Digit 7 Day Gains, Crypto Market Cap Inches Toward $3 Trillion

While bitcoin has been consolidating for a few days now, a number of other digital assets have seen solid seven-day gains. The two metaverse tokens sandbox and decentraland have skyrocketed over 170% during the last week. Crypto assets like loopring, crypto.com coin, and arweave have spiked in value more than 66% and up to 169% […]