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About

Loopring is an open protocol for building scalable non-custodial exchanges on Ethereum. Leveraging zero-knowledge proofs (zkRollup), it allows for high performance trading (high throughput, low settlement cost), without sacrificing Ethereum-level security guarantees. Users always maintain 100% control of their assets throughout the trade lifecycle. You can trade on Loopring to test it out. Loopring is an open-sourced, audited, and non-custodial exchange protocol, which means nobody in the Loopring ecosystem needs to trust others. Cryptoassets are always under users' own control, with 100% Ethereum-level security guarantees. Loopring powers highly scalable decentralized exchanges by batch-processing thousands of requests off-chain, with verifiably correct execution via ZKPs. The performance of underlying blockchains is no longer the bottleneck. Loopring performs most operations, including order-matching and trade settlement, off the Ethereum blockchain.

About

ParaSwap aggregates multiple decentralized exchanges into one place so that the rates often beat the market price. ParaSwap splits orders across multiples exchanges into one optimized and secure transaction. We also use GasToken.io (GST2), when possible, so that network fees are cheaper. ParaSwap is free and doesn't take any transaction fees. The user chooses the desired token pair to swap (eg: 1 ETH for 200 DAI). Paraswap provides the best possible rate and liquidity out of the exchanges. When a Swap is confirmed, the order is executed across exchanges. ParaSwapPool: It's a private owned liquidity provided by our partners. It empowers ParaSwap's users with more liquidity and better prices. Get in touch if you'd like to become a liquidity provider on ParaSwapPool.

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Supported
Chromebook Not Supported

Platforms Supported

Windows Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

Anyone interested in a open protocol for highly scalable, non-custodial exchanges and payments on Ethereum using zkRollup

Audience

Traders searching for a platform to trade Cryptocurrency

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Not Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version Supported
Free Trial Not Supported

Pricing

No information available.
Free Version Supported
Free Trial Not Supported

Reviews/Ratings

Overall 3.0 / 5
ease 3.5 / 5
features 3.0 / 5
design 2.5 / 5
support 2.5 / 5

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 5.0 / 5
support 5.0 / 5

Pros & Cons from Real Users

Pros

  • I didn't really like anything. May be the fact that you changing tokens on l2 is gas free a plus
  • It was very easy to link my wallet with the MetaMask extension in Chrome. Then you can trade without paying the gas fees. It only cost $0.40 per trade which is considerably cheaper than gas fees right now.

Cons

  • It doesn't work with any WalletConnect compatible dapp except for their own website.
  • Nothing really. Interface is basic but this is a beta. The high cost for setting up their L2 wallet is off-putting but that is because of the current gas fee on L1 network.

Pros & Cons from Real Users

Pros

  • Ease of interface, limit orders, efficient trade. Quick drop down menus and simple parameters for making trades when they are urgent.

Cons

  • Slow down with larger coin lists. Value comparison only pops up when you put your cursor over the field, but should be always visible.

Training

Documentation Supported
Webinars Not Supported
Live Online Supported
In Person Not Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Company Information

Loopring
Founded: 2017
China
loopring.org

Company Information

ParaSwap
Founded: 2019
France
paraswap.io/#/

Alternatives

Alternatives

Polygon

Polygon

Polygon Labs
Balancer

Balancer

Balancer Labs
Starknet

Starknet

StarkWare

Categories

Categories

Integrations

Ethereum Supported
Mesh Supported
MetaMask Supported
WalletConnect Supported
pTokens Supported
Binance Supported
Bridge Wallet Not Supported
DeBank Not Supported
Dune Dashboard Supported
Enzyme Not Supported
Fuse Supported
Hummingbot Supported
L2BEAT Supported
Orbiter Finance Supported
Pennysia Not Supported
PieDAO Supported
Swoop Exchange Not Supported
Tradesilvania Supported
Trezor Not Supported

Integrations

Ethereum Supported
Mesh Supported
MetaMask Supported
WalletConnect Supported
pTokens Supported
Binance Not Supported
Bridge Wallet Supported
DeBank Supported
Dune Dashboard Not Supported
Enzyme Supported
Fuse Not Supported
Hummingbot Not Supported
L2BEAT Not Supported
Orbiter Finance Not Supported
Pennysia Supported
PieDAO Not Supported
Swoop Exchange Supported
Tradesilvania Not Supported
Trezor Supported
Claim Loopring and update features and information
Claim Loopring and update features and information
Claim ParaSwap and update features and information
Claim ParaSwap and update features and information