Loom Network is a multichain interoperability platform. Interoperability means to exchange data and transfer information between any blockchain seamlessly. The network is optimized for scaling high-performance decentralized applications (DApps), requiring a quick and smooth user experience (UX). In addition, the platform aims to allow DApps to offer a UX akin to traditional apps and onboards new users without the need to download crypto wallet software. Loom also has integrations to Ethereum, Bitcoin, Tron, and Binance Chain. The integrations allow developers to integrate assets from all chains and build a DApp only once. The developers can then offer the DApp to users on all platforms simultaneously. Thus, the network provides developers the scalability and usability needed to build high-performance user-facing DApps.

In addition, Loom Network seeks to offer the following features:

Loom Network (LOOM) is an ERC20token. LOOM is a proof-of-stake (PoS) token used to secure the platform’s mainnet, called Basechain. The token is used for staking, transaction fees, and bonding. LOOM holders can stake their tokens to aid in securing Basechain and earn rewards. Developers also use the token to pay for DApp hosting on Loom Network. Validators receive LOOM as block rewards for performing various duties on the platform. The LOOM token is compatible with any ERC20 wallet.

Loom Network has been live in production since early 2018. The total supply of Loom Network (LOOM) is fixed at one billion tokens.

Note: Loom Network has deployed the new LOOM token contract to Ethereum Mainnet. The new token contract has a one billion token supply and retains the same LOOM symbol as the old token contract.

We update our Loom Network to GBP currency in real-time. Get the live price of Loom Network on Coinbase.

The current market cap of Loom Network is £4.87M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Loom Network is £0.5808. 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 £6.322.

Assets that have a similar market cap to Loom Network include AMO Coin, Swarms, ELYSIA, 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 223 among tradable assets on Coinbase. Popularity is currently based on relative market cap.