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Loom Network (LOOM) price, chart, coin profile and news

Find the latest Loom Network (LOOM) price, coin profile, news and history to get you started with Loom Network trading and investing.

Loom Network (LOOM) is the 359th largest cryptocurrency in the world by market cap, valued at $70,967,587. The current price of Loom Network is $0.0545904513, which is 2.872% higher than yesterday. Prices have ranged between $0.055204 and $0.053256 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 11:02 UTC.

Loom Network price chart

Price over the past month

What is Loom Network?

Loom Network is a blockchain platform intended for large-scale apps built on Ethereum. The network was launched in 2018.

Using technology known as DAppChains, Loom Network is building an infrastructure platform designed to help Ethereum scale.

Its key product is a software development kit (SDK) which developers can use to create their own blockchain without needing any specialized knowledge of blockchain technology. This SDK develops what Loom Network labels a DAppChain, which runs as its own sidechain to Ethereum’s base layer. This structure allows DAppChains to use different consensus systems, (for example delegated proof-of-stake), but also allows assets based on these chains to enjoy all the security benefits of Ethereum.

Though it has support for most dApps, one of Loom’s initial focuses is on hosting entertainment content – massive blockchain-based games and interactive social media platforms.

LOOM is the native token of the Loom Network and operates as a membership token for the platform. LOOM holders are granted access to Loom Network-native dApps and can also transfer funds between the Ethereum and Loom dAppChains.

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Loom Network at a glance

Basic stats for Loom Network

#359
$71 M
1 B
James duffy
Luke zhang
Matthew campbell
Consensys
Gamewith
Mossland
Blockchain solutions
Membership
Rewards
Ethereum
Show all

Loom Network performance over time

Loom Network fundamental and technical analysis

Time frame
Movement
1 day
2.87%
1 week
0.88%
1 month
31.18%
2 months
5.48%
200 days
0.17%
1 year
19.11%
Show all

Social activity for Loom Network

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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