This public beta has received a very warm response from the Ethereum and ZKP communities, which means so much to us. We appreciate that over 1,000 accounts signed up in the first weekend, and appreciate all the love on Twitter, Reddit, and across all the chat groups. It’s really motivated us and the highpoint of our 2.5 year history.

We had a little program that allowed the first 1,000 addresses to enter the exchange to become Lifetime Honor VIPs, enjoying the lowest trading fees on the platform forever more. Because it filled up much quicker than expected, we’ve extended it to the first 1,500, so 500 more spots (now about 400 left). More info on the Honor VIP program here. Besides the lowest fees, you also get this cool crown on your dashboard! [Maybe a low-key Etherean status symbol!?]

We have collected precious feedback from many users. A large percentage of users feel the trading speed is super fast, which resembles the experience of centralized exchanges. They also tell us how great it feels to trade on such an orderbook exchange without having to worry about the safety of their assets at all. This has been music to our ears, and is why we exist.

But we know there are a lot of things to improve in the user experience. For example, the withdrawal time is a bit too long and the communication of deposit processing is not very clear. Basically entering & exiting the zkRollup environment is where the UX hurdles are. Once on the exchange, users enjoy a blazing fast, enjoyable experience. Some reasons why these hurdles remain are explained in this brief thread. TL;DR: we need more users and more demand to fill up/prove batches quicker! We will continue to improve the application by releasing a major version every two weeks and pushing small versions to production daily.

If you want to list your ERC20 tokens on Loopring Exchange or suggest a project we should list, please reach us at exchange@loopring.io. For projects that push Ethereum’s ecosystem forward, we will try our best to minimize your liquidity costs. [We just need to make sure we can have some initial depth on the books for the new pairs].

Loopring Explorer

Due to the busy launch of the DEX product throughout February, the development of the Loopring Explorer (DEX Browser) temporarily slowed down.

In the meantime, you can check out related data and stats regarding Loopring Exchange on https://duneanalytics.com/loopring. This dashboard shows transaction count, deposits/withdrawals, block count, gas used, accounts created, and more. But to view volume stats, Dune Analytics can’t parse that without our library for which the Explorer is needed. We’d suggest checking the actual exchange at Loopring.io to get a sense of 24hr volumes on the pairs.