Loom Network
LOOM#1766| 1h | 24h | 7d | 30d | 1y |
|---|---|---|---|---|
| +0.25% | -75.06% | +70.69% | -78.96% | N/A |
About Loom Network
Loom Network Price History
| Year | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| 2026(YTD) | $0.000849 | $0.005225 | $0.000015 | $0.003139 | +269.86% |
Analysis
No analysis available for Loom Network yet.
Loom Network News
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Loom Network FAQ
What is Loom Network?
Loom Network (LOOM) is a Layer 2 scaling platform built on Ethereum that enables developers to create high-throughput decentralized applications, particularly games and social apps. It uses sidechains to offload transactions from the main Ethereum network, improving speed and reducing costs.
How does Loom Network work?
Loom Network operates by running DPoS (Delegated Proof of Stake) sidechains that are secured by a set of validators. These sidechains process transactions quickly and can interact with Ethereum's mainnet via bridges. This architecture allows dApps to scale without congesting Ethereum.
What is the LOOM token used for?
The LOOM token is used for staking to secure the network, paying transaction fees on Loom's sidechains, and participating in governance. Validators and delegators stake LOOM to earn rewards and maintain network consensus.
How does Loom Network differ from other Ethereum scaling solutions?
Unlike general-purpose Layer 2 solutions like rollups, Loom focuses on specific use cases such as games and social apps, offering a developer-friendly SDK and a DPoS consensus for fast finality. It provides a more specialized environment for dApps that require high throughput and low latency.
What is Loom Network (LOOM)?
Loom Network (LOOM) is a cryptocurrency and operates on the Ethereum platform. Loom Network has a current supply of 1,300,000,000 with 1,242,920,897. 57903986 in circulation.
What is the current price of Loom Network?
Loom Network is currently priced at $0.001099, down 75.06% in the last 24 hours. It is ranked #1766 by market capitalization. Over the past 7 days, LOOM is up 70.69%.
What is Loom Network's market cap?
Loom Network has a market capitalization of $1.37M. The 24-hour trading volume is $0.2599, reflecting the total value of LOOM traded across all exchanges in the last day.
