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Loopring Adds Support For MANA And SAND

Twitter icon  •  Published vor 2 Jahren  •  Hassan Maishera

In a tweet on Wednesday, the Loopring team announced that it has now added support for MANA and SAND to its Layer-2 (L2) protocol.

In a tweet on Wednesday, the Loopring team announced that it has now added support for MANA and SAND to its Layer-2 (L2) protocol. MANA and SAND are the native tokens of the Decentraland and The Sandbox ecosystems, respectively. According to Loopring, the move is designed to bring metaverse-focused tokens to L2. Loopring users can now swap, trade and provide liquidity for the tokens. 

Loopring aims to build an open protocol for scalable, non-custodial, orderbook-based exchanges on Ethereum by leveraging zero-knowledge proofs. LRC, Loopring’s native token, is down by more than 9% today and is trading at $0.8279 at press time. 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.