About Loom Network
Loom Network (LOOM) is an Ethereum token that powers a network of delegated proof of stake sidechains (a system that Loom dubs “EOS on Ethereum”). This allows for highly-scalable games and user-facing dApps backed by the security of Ethereum.
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Trading Insights
Searched
4
Market Stats
Market Cap
$3.22M
0.2%
FDV
$3.37M
Circ. Supply
1.2B LOOM
Max Supply
Not enough data
Total Supply
1.3B LOOM
Diluted Valuation
$3.37M
Performance
Popularity
#1,544
Dominance
0%
Volume (24H)
$1.01M
-10.23%
Volume (7D)
$6.07M
Volume (30D)
$24.27M
All time high
$0.77
Price Change (1Y)
-95.46%
Additional info about Loom Network
Recent trends
The latest LOOM price is $0.0026. Loom Network's all time high is $0.77, which was reached on May 4, 2018. This is a -100% change from its price today.
The market cap is currently $3.22M, which is a result of multiplying the current price of Loom Network($0.00) by the total supply(1,300,000,000 LOOM). The fully diluted valuation of Loom Network is $3.37M. The diluted valuation of Loom Network is $3.37M.
Market details
LOOM vs markets
↘ 96.64%
LOOM vs BTC
↘ 96.98%
LOOM vs ETH
↘ 93.29%
Tags
platform
enterprise-solutions
defi
scaling
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x42476F744292107e34519F9c357927074Ea3F75D | |
BNB Smart Chain | 0xE6Ce27025F13f5213bBc560dC275e292965a392F |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0026 | ↗ 0.22% |
1 Day | $NaN | ↗ 0.22% |
1 Week | $NaN | ↘ 26.33% |
FAQ
Loom Network (LOOM) is a service platform built on Ethereum that enables developers to run large-scale decentralized applications. Launched in 2017, it strives to provide smart contracts with more computing power when needed or maintain the same power at lower costs for tasks such as onboarding new users or applications that do not require the full security of blockchain. Loom Network operates on Plasma, a scaling solution that aims to facilitate faster transactions across the network. The LOOM token, which is built on Ethereum in accordance with the ERC-20 standard, acts as a membership token, granting access to all apps running on the Loom Network.
Loom Network operates by allowing Ethereum Solidity applications to run through side chains, which means the applications can have consensus mechanisms specific to their needs and potential threat model. Loom Network aims to make scaling decentralized applications faster and easier on the Ethereum network, using DPoS sidechains for scalability with DApps through the security of Ethereum mainnet. The LOOM token functions on all of the DAppChains that run on the Loom Network, enabling the transfer of digital assets and data between Ethereum and Loom DAppChains.
Loom Network seeks to be a platform for smart contract developers to create applications without the need to switch to another programming language. It allows developers to easily integrate their applications with the outside world, interacting with APIs developed by third parties which are not on chain. This makes Loom Network particularly useful for large-scale applications that require high transaction throughput and fast confirmation times, such as online games and social apps. Furthermore, Loom Network's compatibility with Ethereum token standards like ERC20 and ERC721 opens up possibilities for a wide range of decentralized applications.
Loom Network was established by Matthew Campbell, James Martin Duffy, and Luke Zhang in 2017. Campbell, a seasoned software engineer, has held positions at several notable companies, including Digital Ocean and Thomson Reuters. Duffy, the CMO at Loom Network, has a background in cryptocurrency trading and web development. Zhang, a co-founder of Loom Network, has a history of working as a lead developer at various companies. Since its inception, Loom Network has been focused on providing a platform that allows developers to run large-scale decentralized applications, with a particular emphasis on gaming and social apps.
We update our Loom Network to USD currency in real-time. Get the live price of Loom Network on Coinbase.
The current market cap of Loom Network is $3.22M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Loom Network is $0.77. This all-time high is highest price paid for Loom Network since it was launched.
Over the last 24 hours, the trading volume of Loom Network is $1.01M.
Assets that have a similar market cap to Loom Network include Ref Finance, ScPrime, BitShares, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Loom Network is 1.2 billion.
Loom Network ranks 172 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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