Liquidity providers deposit funds into Loopring and receive trading fees from traders. Market makers offer trades through order book and make money on bid-ask spreads and market maker rebates. (supply-side fees). 

Loopring is a non-custodial exchange protocol built on Ethereum (zkRollups). Loopring was founded by Daniel Wang & Jay Zhou and launched in 2017.

LRC tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). Loopring's investors include Fundamental Labs, Obsidian Capital, Eden Block, etc.

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Loopring

# Loopring Maximum token supply Methodology

## 1. Overview

The Loopring maximum token supply metric represents the theoretical maximum number of LRC tokens that can ever exist according to the protocol's tokenomics design. This is a static configuration value of 1.37 billion tokens that remains constant over time, providing a reference point for calculating metrics like market capitalization limits and token scarcity ratios.

## 2. Data sources

- **Token economics specification**: The maximum supply cap as defined in Loopring's protocol documentation and smart contract specifications
- **Protocol launch records**: Token launch date information from August 1, 2017

## 3. Step-by-step calculation

### Component A: Static supply definition
- **Purpose**: Define the maximum possible token supply for the Loopring protocol
- **Logic**: The maximum supply is set as a hardcoded constant value of 1,370,000,000 LRC tokens, representing the theoretical upper limit defined in the protocol's tokenomics. This value is paired with the token launch date of August 1, 2017, establishing the starting point for the time series.
- **Key fields**: `timestamp` set to the launch date, `timestamp_grain` set to daily aggregation, and `token_supply_maximum` containing the static maximum value

### Final aggregation
- **Time series formatting**: The macro applies standardized formatting to create a consistent daily time series from the launch date forward
- **Fill strategy**: Uses a fill-forward approach to ensure the same maximum supply value appears for every day since launch
- **Metadata addition**: Adds protocol identifier and metric classification for data warehouse organization
- **Final calculation**: The metric value remains constant at 1,370,000,000 LRC tokens across all time periods, as maximum token supply is an immutable protocol parameter that does not change over time

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

LoopringLRC

Maximum token supply

Maximum token supply

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