Loopring (LRC)
Ethereum ZK-rollup DEX protocol that was first to market but lost the L2 race to Arbitrum, Optimism, and Base
Ranked 221st of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
LRC scores 78 of 250 across the 25-variable framework, which places it 221st of 251 rated tokens and inside the bottom quartile of the set. The framework verdict is PASS.
The score rests on Regulatory Safety 7/10, 17th of 251, Holder Concentration 4/10, 58th of 251, Vesting Schedule 6/10, 59th of 251 and Supply Inflation 5/10, 61st of 251.
Against the same universe, LRC sits in the bottom third on Revenue Trend 1/10, 231st of 251, Social Mindshare 2/10, 230th of 251, Catalyst Calendar 2/10, 222nd of 251 and Active Users 2/10, 220th of 251. These are the variables that would have to move for the verdict to change.
100% of eventual supply is already circulating, so vesting is not a live risk for LRC. Price has to be justified by demand rather than absorbed against a cliff.
LRC trades 99.72% below its all-time high of $3.75. Recovering that level is a 357.1x move, not a 99.72% one, which is the arithmetic most drawdown charts hide.
$18.0M sits in the protocol. The token is capitalised below the value locked in the protocol.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 2 | 166th of 251 | |
| Revenue Trend | 1 | 231st of 251 | |
| P/S Multiple | 3 | 182nd of 251 | |
| Real Staking Yield | 3 | 143rd of 251 |
Supply
| Supply Inflation | 5 | 61st of 251 | |
| Vesting Schedule | 6 | 59th of 251 | |
| Circulating / FDV Ratio | 6 | 88th of 251 | |
| Buyback and Burn | 3 | 63rd of 251 |
Ownership
| Smart Money Flows | 2 | 217th of 251 | |
| Insider Selling | 4 | 151st of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 2 | 189th of 251 | |
| Active Users | 2 | 220th of 251 | |
| Developer Activity | 3 | 208th of 251 | |
| Network Growth | 2 | 215th of 251 |
Position
| Market Share | 2 | 203rd of 251 | |
| Competitive Moat | 3 | 175th of 251 | |
| Institutional Adoption | 2 | 192nd of 251 | |
| Exchange Depth | 3 | 220th of 251 | |
| Social Mindshare | 2 | 230th of 251 |
Risk
| Regulatory Safety | 7 | 17th of 251 | |
| Catalyst Calendar | 2 | 222nd of 251 | |
| BTC Alpha Potential | 2 | 200th of 251 | |
| Team Execution | 3 | 208th of 251 | |
| Treasury Runway | 4 | 181st of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
ZK-rollup technology still valid; Loopring 3.9 improvements could improve throughput for order-book DEX use case
Principal risk
Binance delisted LRC (stale data), negligible TVL vs. competing L2s, GameStop NFT marketplace shut down, no network growth
Market and supply
| Price | $0.0104 |
| Market cap | $14.3Mrank 1009 |
| All-time high | $3.7510 Nov 2021 |
| Circulating supply | 1,373,873,397 |
| Eventual supply (max supply) | 1,374,513,896 |
| Dilution to full supply | 1x |
| Total value locked | $18.0M |
| Listed on | KuCoin, Gate.io, Loopring DEX |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to LRC measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Sources
- [CoinGecko] LRC ATH $3.83 in Nov 2021; down 99.5% as Loopring lost L2 market share to Arbitrum and Base
- [GameStop] GameStop NFT marketplace built on Loopring shut down in February 2023
- [DeFiLlama] Loopring TVL ~$18M, down from $250M peak in 2022; market share under 0.1% of Ethereum L2 network
Common questions
- What is the Early Thunder score for Loopring (LRC)?
- LRC scores 78 out of 250 on the 25-variable framework, ranking 221st of 251 rated tokens (bottom quartile). The framework verdict is PASS.
- What are LRC's strongest fundamentals?
- LRC ranks highest on Regulatory Safety 7/10, 17th of 251, Holder Concentration 4/10, 58th of 251, Vesting Schedule 6/10, 59th of 251 and Supply Inflation 5/10, 61st of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the LRC thesis?
- LRC scores in the bottom third of the universe on Revenue Trend 1/10, 231st of 251, Social Mindshare 2/10, 230th of 251, Catalyst Calendar 2/10, 222nd of 251 and Active Users 2/10, 220th of 251. The single risk carried on the scorecard is: Binance delisted LRC (stale data), negligible TVL vs. competing L2s, GameStop NFT marketplace shut down, no network growth
- How much LRC supply is still to enter circulation?
- 100% of eventual LRC supply is circulating today, leaving 1x the current float still to arrive. At a flat price per token that is 0% of fully diluted value ahead of current holders.
- How far is LRC from its all-time high?
- LRC trades 99.72% below its all-time high of $3.75. Returning to that high requires a 357.1x move from the level used in this scoring pass.
- Which tokens have a similar profile to LRC?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to LRC are KDA (50), ZIL (63), ONE (48) and BAND (73). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for LRC?
- ZK-rollup technology still valid; Loopring 3.9 improvements could improve throughput for order-book DEX use case
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.