About Loom Network
Loom Network (LOOM) is an Ethereum token that powers a network of delegated proof of stake sidechains (a system that Loom dubs “EOS on Ethereum”). This allows for highly-scalable games and user-facing dApps backed by the security of Ethereum.
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Searched
9
Market Stats
Market Cap
$1.11M
-10.04%
FDV
$1.17M
Circ. Supply
1.2B LOOM
Max Supply
Not enough data
Total Supply
1.3B LOOM
Diluted Valuation
$1.17M
Performance
Popularity
#2,134
Dominance
0%
Volume (24H)
$133.91K
10.72%
Volume (7D)
$846.80K
Volume (30D)
$3.58M
All time high
$0.77
Price Change (1Y)
-98.35%
Additional details
Market details
LOOM vs markets
↘ 98.96%
LOOM vs BTC
↘ 99.02%
LOOM vs ETH
↘ 98.9%
Tags
platform
enterprise-solutions
defi
scaling
Network & Addresses
Network | Address | |
---|---|---|
Ethereum | 0x42476F744292107e34519F9c357927074Ea3F75D | |
BNB Smart Chain | 0xE6Ce27025F13f5213bBc560dC275e292965a392F |
Price history
Time | Price | Change |
---|---|---|
Today | $0.000901 | ↘ 9.61% |
1 Day | $0.000995 | ↘ 9.88% |
1 Week | $0.0011 | ↘ 21.91% |
1 Month | $0.0014 | ↘ 38.04% |
1 Year | $0.0543 | ↘ 98.35% |
FAQ
Loom Network (LOOM) is a service platform built on Ethereum that enables developers to run large-scale decentralized applications. Launched in 2017, it strives to provide smart contracts with more computing power when needed or maintain the same power at lower costs for tasks such as onboarding new users or applications that do not require the full security of blockchain. Loom Network operates on Plasma, a scaling solution that aims to facilitate faster transactions across the network. The LOOM token, which is built on Ethereum in accordance with the ERC-20 standard, acts as a membership token, granting access to all apps running on the Loom Network.
Loom Network operates by allowing Ethereum Solidity applications to run through side chains, which means the applications can have consensus mechanisms specific to their needs and potential threat model. Loom Network aims to make scaling decentralized applications faster and easier on the Ethereum network, using DPoS sidechains for scalability with DApps through the security of Ethereum mainnet. The LOOM token functions on all of the DAppChains that run on the Loom Network, enabling the transfer of digital assets and data between Ethereum and Loom DAppChains.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Loom Network news
Trending articles
Social stats
Popularity in posts
#2607
Contributors
34
Posts
45
% About Loom Network
0.006%
Hold times
0 days
X (Twitter)
32.64% bullish
Sentiment
3.6 ★
Highlights
34 unique individuals are talking about Loom Network and it is ranked #2,607 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Loom Network has an average sentiment score of 71 out of 5. Finally, Loom Network is becoming less newsworthy, with 0 news articles published about Loom Network.
On Twitter, people are mostly neutral about Loom Network. There were 38.95% of tweets with bullish sentiment compared to 19.34% of tweets with a bearish sentiment about Loom Network. 61.05% of tweets were neutral about Loom Network. These sentiments are based on 80 tweets.
On Reddit, Loom Network was mentioned in 1 Reddit posts and there were 6 comments about Loom Network. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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