© Reuters.

Filling multiple needs within the cryptocurrency community is one way a project can set itself apart from the competition and new attract users and liquidity to its ecosystem.

Loopring aims to do exactly this by aiming to offer an Virtual Machine- (EVM)-based solution with low fees where decentralized finance (DeFi) and nonfungible token (NFT) developers and investors can transact. The layer-2 (L2) scaling solution utilizes zk-Rollups to provide fast and low-cost transactions. The project has been gaining traction throughout the month of March.

LRC/USDT 4-hour chart. Source: TradingView
Total number of Loopring wallets. Source: Dune Analytics
Loopring volume traded per pair per day. Source: Dune Analytics
VORTECS™ Score (green) vs. LRC price. Source: Cointelegraph Markets Pro