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24h Spot Volume$ 52.22B-0.80%
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Loom Network

Loom Network LOOM Price $ 0.0884

Rank: 445

448 Watchlists

Chain

LOOM Price

0.0884
1.26%
(-$ 0.00113)
Price Range
LowHigh
$ 0.0874$ 0.0903

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Funds and Backers

No funds found yet

Wallets

No wallets found yet

Description

Loom Network is a Layer 2 scaling solution for Ethereum that works as a network of DPoS sidechains allowing to create highly-scalable games and DApps.

Loom Network (LOOM) Chart

Loom Network price Index provides the latest LOOM price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

LOOM to USD Converter

Loom Network (LOOM)LOOM

LOOM Price Statistics

leaderboard

Market Cap

$ 107.82M

Fully diluted value

FDV

$ 114.94M

ATH Market Cap

$ 583.51M

24 Trade Vol.

$ 2.44M


Vol. (24h) / MCap

0.0226

Total Supply

LOOM 1,300,000,000

Circulating Supply

LOOM 1.22B

(93.8% of Total Supply)


Next Unlock

LOOM 6.76M

(0.52% of Total Supply)

Listing Date

10 Jan 2018

All Time High

$ 0.482

15 Oct 2023


All Time Low

$ 0.0319

30 Jun 2021


From ATH

81.7%

From ATL

177.3%

What is Loom Network (LOOM)?

Loom Network is a platform that allows dApp developers to create projects ready for blockchain deployment. The platform was founded in 2018 and has since developed to be highly scalable, usable, and can be integrated with Bitcoin, Ethereum, BNB Chain, and other major blockchains. It is an optimized platform that aims to create the best possible foundation and resources for dApp development. 

LOOM is the platform’s native cryptocurrency. It is a proof-of-stake token that is used in part to help secure the platform via network staking. Beyond security, the token can be used to pay fees, such as the developer fees paid by teams for hosting their application on Loom Network. This means that users do not pay transaction costs as they are absorbed into a flat fee paid by projects themselves.

LOOM is an ERC20 token and has a total supply of 1,000,000,000.

What are Loom Network's key features and how does it work?

As mentioned, the platform is interoperable and compatible with major blockchains. This means that developers can create one application that can be simultaneously offered to users of all networks, without the need to rewrite or reprogram the application. Developer teams can deploy their application to the Loom Network’s Basechain and automatically reach a large number of users.

Loom Network Basechain is a DPoS blockchain. Its architecture is similar to that of the Ethereum network, as such it is EVM compatible. Some of its other properties include being audited and secured with a network of validators.

The platform prides itself on the facilities and benefits it can offer dApp teams. These include future-proofing apps, by allowing them to be compatible with multiply blockchains, and access to a large and growing user base.

What can LOOM be used for?

The LOOM token has several key utilities. This includes validator nodes that must stake in order to run nodes. Delegators can also take part and stake their LOOM tokens to a predetermined validator in order to receive a share of the block rewards.

Users of applications running on LOOM do not need to hold any LOOM. Since network fees and any associated costs are paid by the developers.

Where can you buy LOOM?

LOOM is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, Bithumb, and CoinEx. The price of LOOM will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for LOOM market price, please view the price charts on this page.

Loom Network Price Today

Loom Network's current price is $ 0.0884, it has dropped -1.26% over the past 24 hours.

Loom Network's All Time High (ATH) of $ 0.482 was reached on 15 Oct 2023, and is currently -81.7% down.

The current circulating supply of Loom Network is 1.22 Billion tokens, and the maximum supply of LOOM is unlimited.

Loom Network’s 24 hour trading volume is $ 2.44 Million.

Loom Network's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 107.82 Million.

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