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What is Socket Protocol?

The Socket Protocol is recognized as the first Chain Abstraction Protocol, crafted with a flexible, extensible, and modular architecture that supports the creation of applications abstracted from specific chains. It leverages Modular Order Flow Auctions (MOFA) to allow developers to effortlessly connect with diverse applications, users, and assets spanning numerous blockchains. This groundbreaking methodology not only improves interoperability but also cultivates a dynamic ecosystem for developing decentralized solutions, ultimately paving the way for innovative projects that can thrive in a multi-chain landscape.

What is Loopring?

Loopring is an open-source protocol that enables the development of scalable non-custodial exchanges within the Ethereum ecosystem. By leveraging zero-knowledge proofs (zkRollup), it allows for efficient trading that boasts high throughput and minimal settlement fees while maintaining the strong security features synonymous with Ethereum. Users enjoy complete control over their assets throughout the trading journey, enhancing their overall experience. Engaging with Loopring lets individuals witness its capabilities in action. As a fully audited and non-custodial protocol, it fosters trustless interactions among participants in the Loopring network. This ensures that users' crypto assets remain under their own control, safeguarded by security guarantees that align with Ethereum's standards. Loopring significantly boosts the performance of decentralized exchanges by handling thousands of requests off-chain, with verifiable execution assured through zero-knowledge proofs. This means that the performance limitations of the underlying blockchains no longer impede operations. Most functionalities, including order-matching and trade settlements, take place off the Ethereum blockchain, leading to greater operational efficiency. This groundbreaking methodology firmly establishes Loopring as a frontrunner in the decentralized finance sector, paving the way for future innovations in trading technology.

Media

Media

Integrations Supported

Ethereum
Apex Crypto
CoinLedger
Dolomite
Dune Dashboard
Gate.io
Guarda Wallet
HitBTC
Hummingbot
L2BEAT
MUX
Mesh
MetaMask
Swapzone
Token Terminal
Tradesilvania
Uniswap
pTokens

Integrations Supported

Ethereum
Apex Crypto
CoinLedger
Dolomite
Dune Dashboard
Gate.io
Guarda Wallet
HitBTC
Hummingbot
L2BEAT
MUX
Mesh
MetaMask
Swapzone
Token Terminal
Tradesilvania
Uniswap
pTokens

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Socket Protocol

Company Website

www.socket.tech/

Company Facts

Organization Name

Loopring

Date Founded

2017

Company Location

China

Company Website

loopring.org

Categories and Features

Popular Alternatives

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Decentralized Finance Labs