{"id":251809,"date":"2022-08-14T15:30:52","date_gmt":"2022-08-14T10:00:52","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=251809"},"modified":"2022-08-14T12:22:42","modified_gmt":"2022-08-14T06:52:42","slug":"ethereums-merge-will-mean-a-lot-of-things-but-for-loopring-it-will","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/ethereums-merge-will-mean-a-lot-of-things-but-for-loopring-it-will\/","title":{"rendered":"Ethereum&#8217;s Merge will mean a lot of things, but for Loopring, it will&#8230;"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Merge has been anticipated for so long and so highly that at this point, it seems to be the turning point for both Ethereum and Decentralized Finance. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, perhaps, contrary to popular perception, Layer 2 solutions that have already been doing the same thing The Merge would do are also set to benefit from it.<\/span><\/p>\n<h4>Loopring and The Merge<\/h4>\n<p><span style=\"font-weight: 400;\">After completing the Goerli Testnet Merge, it was announced that &#8220;The Merge&#8221; is all set to arrive between 15-16 September, By doing so, Ethereum will become a Proof of Stake consensus chain, making it faster, cheaper, and scalable.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING:<\/p>\n<p>The Ethereum Merge has been scheduled for TTD 58750000000000000000000<\/p>\n<p>This is approximately Sept 15-16th<\/p>\n<p>The Merge is officially scheduled \ud83d\udcc6<\/p>\n<p>&mdash; Bankless (@Bankless) <a href=\"https:\/\/twitter.com\/Bankless\/status\/1557753518282473472?ref_src=twsrc%5Etfw\">August 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Ethereum L2s like Loopring have already been furthering DeFi using these techniques. Loopring, in particular, is looking to leverage The Merge to become a DeFi and NFT hub in the near future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> In its upcoming goals, Loopring intends to develop and provide open-source code in order to make it easier for developers to build their NFT marketplaces.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Building on the same, Loopring yesterday announced the launch of another NFT marketplace on L2, called in partnership with Uptick. This will also extend the use of Loopring\u2019s native token LRC by allowing minting, listing, and trading using the asset.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since L2 currently has over 135k accounts, which cumulatively have conducted over $5.4 billion worth of trades since L2\u2019s inception, the chain has a lot of room for growth.<\/span><\/p>\n<figure id=\"attachment_251820\" aria-describedby=\"caption-attachment-251820\" style=\"width: 1827px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-13-180827.png\"><img decoding=\"async\" class=\"wp-image-251820 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-13-180827.png\" alt=\"\" width=\"1827\" height=\"437\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-13-180827.png 1827w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-13-180827-300x72.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-13-180827-1024x245.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-13-180827-768x184.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-13-180827-1536x367.png 1536w\" sizes=\"(max-width: 1827px) 100vw, 1827px\" \/><\/a><figcaption id=\"caption-attachment-251820\" class=\"wp-caption-text\"><em> Loopring L2 stats\u00a0<\/em> | Source: <a href=\"https:\/\/dune.xyz\/\">Dune &#8211; AMBCrypto<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This will also trigger much-needed impact on the asset. Especially since it&#8217;s a whale token that dominates more than 42% of LRC&#8217;s circulating supply.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although the remaining 58% is in the hands of investors and traders, it still needs more retail investors\u2019 presence. At the moment, less than 0.27% of Loopring\u2019s investors actively conduct transactions on-chain.<\/span><\/p>\n<figure id=\"attachment_251812\" aria-describedby=\"caption-attachment-251812\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/ITB_lrc_concentration_2022-08-13T12_37_42.307Z.png\"><img decoding=\"async\" class=\"wp-image-251812 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/ITB_lrc_concentration_2022-08-13T12_37_42.307Z.png\" alt=\"\" width=\"1200\" height=\"800\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/ITB_lrc_concentration_2022-08-13T12_37_42.307Z.png 1200w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/ITB_lrc_concentration_2022-08-13T12_37_42.307Z-300x200.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/ITB_lrc_concentration_2022-08-13T12_37_42.307Z-1024x683.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/ITB_lrc_concentration_2022-08-13T12_37_42.307Z-768x512.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><figcaption id=\"caption-attachment-251812\" class=\"wp-caption-text\"><em> Loopring whale domination <\/em> | Source: <a href=\"https:\/\/app.intotheblock.com\/\">Intotheblock &#8211; AMBCrypto<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Of the 175k users to exist, only 475 of them are active addresses, creating a need for more serious users. Once the market recovers and Ethereum goes through The Merge over the next month, the situation is expected to turn around.<\/span><\/p>\n<figure id=\"attachment_251814\" aria-describedby=\"caption-attachment-251814\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/ITB_lrc_daily_active_addresses_2022-08-13T12_37_27.746Z.png\"><img decoding=\"async\" class=\"wp-image-251814 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/ITB_lrc_daily_active_addresses_2022-08-13T12_37_27.746Z.png\" alt=\"\" width=\"1200\" height=\"800\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/ITB_lrc_daily_active_addresses_2022-08-13T12_37_27.746Z.png 1200w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/ITB_lrc_daily_active_addresses_2022-08-13T12_37_27.746Z-300x200.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/ITB_lrc_daily_active_addresses_2022-08-13T12_37_27.746Z-1024x683.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/ITB_lrc_daily_active_addresses_2022-08-13T12_37_27.746Z-768x512.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><figcaption id=\"caption-attachment-251814\" class=\"wp-caption-text\"><em> Loopring active addresses <\/em> | Source: <a href=\"https:\/\/app.intotheblock.com\/\">Intotheblock &#8211; AMBCrypto<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Merge has been anticipated for so long and so highly that at this point, it seems to be the turning point for both Ethereum and Decentralized Finance. In fact, perhaps, contrary to popular perception, Layer 2 solutions that have already been doing the same thing The Merge would do are also set to benefit<a href=\"https:\/\/ambcrypto.com\/ethereums-merge-will-mean-a-lot-of-things-but-for-loopring-it-will\/\">Continue reading <span class=\"sr-only\">&#8220;Ethereum&#8217;s Merge will mean a lot of things, but for Loopring, it will&#8230;&#8221;<\/span><\/a><\/p>\n","protected":false},"author":43,"featured_media":251811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,950,66,3,4,20],"tags":[1515,2733,3637,3593,678,3361,3737],"class_list":["post-251809","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-defi","category-new-news","category-news","category-social","category-trading-view","tag-loopring","tag-loopring-ath","tag-loopring-nft","tag-loopring-price-rally","tag-lrc","tag-lrc-price-rally","tag-lrc-whales"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - 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