Loopring's decentralized protocol solution hit a major milestone in early May with the launch of version 3.0 - adding off-chain based scaling and fee optimization using zk-SNARKS. Technical indicators lean bearish, however, and LRC's price in the short term remains in the hand of speculators and not users.

The Loopring native token has performed strongly since the start of January benefiting from favourable market conditions and the growth in trading activity of Binance altcoins. Network activity remains lackluster, however, with active user numbers low even by crypto standards. Nonetheless, major updates deliver the potential for a bright future.