Loom Network (NEW)LOOM

Live Loom Network (NEW) price updates and the latest Loom Network (NEW) news.

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about Loom Network (NEW)

What is Loom Network (NEW)?

Loom Network is a Layer-2 sidechain focused on supporting data management solutions for healthcare providers and government departments. The project was once a scaling solution for Ethereum that became a popular platform for blockchain-based games as they tend to require more throughput and lower fees. Loom has since shifted to enterprise use-cases, claiming that incentivizing dApp developers to join a new network was not an ideal growth strategy. Loom's primary chain, called Basechain, uses a delegated Proof-of-Stake (DPoS) model to validate transactions and secure the network.

Loom Network (NEW) Stats

What is the market cap of Loom Network (NEW)?

The current market cap of Loom Network (NEW) is $6.69M. A high market capitalization implies that the asset is highly valued by the market.

What is the current trading activity of Loom Network (NEW)?

Currently, 4.12B of LOOM were traded within 24 hours of time. In other words, $19.59M have changed hands within the past 24 hours through trading. That's a change of -73.69%.

What is the current price of Loom Network (NEW)?

The price of 1 Loom Network (NEW) currently costs $0.005.

How many Loom Network (NEW) are there?

The current circulating supply of Loom Network (NEW) is 1.24B. This is the total amount of LOOM that is available.

What is the relative popularity of Loom Network (NEW)?

Loom Network (NEW) (LOOM) currently ranks 1741 among all known cryptocurrency assets. The popularity is based on relative market cap.

market data

Market Cap

$ 6.69M

-73.69 %

Market Cap Rank

#1741

24H Volume

$ 19.59M

Circulating Supply

1,200,000,000

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recent research

Research

Perpetuals Landscape

Unless incentive structures change, or there are ways for competitive protocols to implement either higher take rates on fees, or increase volume on their application through incentive programs, it seems that Hyperliquid will continue to consolidate its lead on both volumes as well as fees earned from those volumes.

by Boccaccio

Research

Suilend's Multi-Product DeFi Suite

Suilend has grown into the top money market and liquid staking provider on Sui. STEAMM, Suilend’s Superfluid AMM, presents a compelling avenue for growing market share within Sui’s DEX landscape and revenue generation for the protocol. Suilend’s multi-product suite position it well for owning market share across key verticals. While current metrics across the Sui ecosystem are likely inflated due to Sui Foundation incentive programs, SEND trades at amongst the lowest multiples in the lend/borrow sector, suggesting that a bull case for continued growth in the ecosystem may be mispriced.

by Luke Leasure