Loopring

Loopring

3.0 out of 5 stars
ParaSwap

ParaSwap

5.0 out of 5 stars
Loopring ParaSwap

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Loopring:

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.
ParaSwap:

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.
Loopring:

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
ParaSwap:

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
Loopring:

Audience

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

Audience

Traders searching for a platform to trade Cryptocurrency
Loopring:

Support

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

Support

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

API

Offers API Not Supported
ParaSwap:

API

Offers API Not Supported
Loopring:

Screenshots and Videos

ParaSwap:

Screenshots and Videos

Loopring:

Pricing

No information available.
Free Version Supported
Free Trial Not Supported
ParaSwap:

Pricing

No information available.
Free Version Supported
Free Trial Not Supported
Loopring:

Reviews/Ratings

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

Reviews/Ratings

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

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.
ParaSwap:

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.
Loopring:

Training

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

Training

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

Company Information

Loopring
Founded: 2017
China
loopring.org
ParaSwap:

Company Information

ParaSwap
Founded: 2019
France
paraswap.io/#/
Loopring:

Alternatives

ParaSwap

ParaSwap

5.0 out of 5 stars
ParaSwap:

Alternatives

1inch

1inch

5.0 out of 5 stars
Loopring:
Polygon

Polygon

Polygon Labs
ParaSwap:
Loopring:
ParaSwap:
Balancer

Balancer

Balancer Labs
Loopring:
ParaSwap:
Loopring:
Meter

Meter

Decentralized Finance Labs
5.0 out of 5 stars
ParaSwap:
Loopring:

Categories

ParaSwap:

Categories

Loopring:

Integrations

Ethereum Supported
Mesh Supported
MetaMask Supported
WalletConnect Supported
pTokens Supported
Binance Supported
Bitrue Supported
Cryptio Not Supported
Enzyme Not Supported
Gate.io Supported
Guarda Wallet Supported
HitBTC Supported
Ledger Not Supported
Pennysia Not Supported
Tradesilvania Supported
Uniswap Supported
Wanchain Supported
ZenLedger Not Supported
ParaSwap:

Integrations

Ethereum Supported
Mesh Supported
MetaMask Supported
WalletConnect Supported
pTokens Supported
Binance Not Supported
Bitrue Not Supported
Cryptio Supported
Enzyme Supported
Gate.io Not Supported
Guarda Wallet Not Supported
HitBTC Not Supported
Ledger Supported
Pennysia Supported
Tradesilvania Not Supported
Uniswap Not Supported
Wanchain Not Supported
ZenLedger Supported
Loopring:
Claim Loopring and update features and information
Claim Loopring and update features and information
ParaSwap:
Claim ParaSwap and update features and information
Claim ParaSwap and update features and information