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The current real-time price of LOOM is $0.0{4}2928. In the past 24 hours, LOOM has traded between $0.0{4}2907 and $0.0{4}2928, showing strong market activity. The all-time high of LOOM is $0.0002, and the all-time low is $0.0{4}2199.
From a short-term perspective, the price change of LOOM over the past 1 hour is , over the past 24 hours is +0.59%, and over the past 7 days is +0.73%. These figures provide a quick overview of the latest price trends and market dynamics of LOOM on LBank.+5.41%
The live price of LOOM today is $0.0{4}2928, with a current market cap of --. The 24-hour trading volume is 164.24. The price of LOOM to USD is updated in real time.
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Before deciding whether to buy or sell LOOM, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s LOOM technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for LOOM.
How much will LOOM be worth tomorrow, next week, or next month in ? What about your LOOM assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! LOOM Price Prediction
To learn more about LOOM, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
solana | 5Q544f...pge4j1  | 6.652B | 96.43% |
solana | CgANdd...ANkZD4 | 56.895M | 0.82% |
solana | 8VmJmn...bdKaAB | 12.420M | 0.18% |
solana | Lnz4SP...T35hKw | 12.337M | 0.18% |
solana | 7Ci23i...BV2Qy7 | 12.186M | 0.18% |
Other | 152.353M | 2.21% |
Loom Network is a Platform-as-a-Service (PaaS) blockchain solution. It acts as a Layer 2 scaling solution for Ethereum-based decentralized applications (dApps) that demand high performance and a smooth user experience. Operational since early 2018, it's built for multichain interoperability, enabling dApps to function across different blockchains including Ethereum and Bitcoin.
LOOM is the native utility token of the Loom Network. It functions as a Proof-of-Stake (PoS) token, securing the Basechain mainnet where holders can stake their tokens to earn rewards. Developers utilize LOOM to pay for hosting their dApps on Basechain, often via a flat monthly fee, which helps their users avoid transaction costs. It also acts as a membership token, sometimes requiring a minimum holding to access features or facilitate asset transfers between DAppChains and the Ethereum mainnet.
Loom Network tackles scalability by using a sidechain architecture and a Delegated Proof-of-Stake (DPoS) consensus mechanism. This design offloads traffic from the Ethereum mainnet. DApps can operate on their own sidechains, called DAppChains, each with customized rules, consensus, and security. This approach allows for faster and more efficient scaling while ensuring continued interoperability with the Ethereum ecosystem.
LOOM tokens are available for purchase on various centralized crypto exchanges, including LBank. Once acquired, they can be securely stored in any ERC20 compatible wallet. Popular options for storage include MetaMask, hardware wallets like Ledger Nano and Trezor, and other software wallets such as ImToken, Trust Wallet, and Cobo Wallet.
Yes, Loom Network has experienced significant changes and challenges. Initially, its focus was on social media and gaming dApps. However, around 2020, the project strategically pivoted towards enterprise blockchain applications, targeting sectors like government and healthcare. This shift was driven by financial considerations and growing competition in the Layer 2 domain. Although this pivot, coupled with personnel changes, raised community concerns, the team affirmed the project's ongoing evolution rather than its cessation.
Basechain is the Loom Network's official mainnet. It operates as a Delegated Proof-of-Stake (DPoS) blockchain specifically engineered for high-performance decentralized applications (dApps). Its design ensures rapid confirmation times and robust transaction throughput, making it suitable for applications requiring significant speed and efficiency.
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