With minimal costs and fast speeds, LRC competes in the L2 space as a better version of ETH. GameStop intends to - and is rolling out - their NFT marketplace using Looping which competes for the 39B NFT pie. The AMM Liquidity pools on loopring.io offer .2% trading fee for liquidity providers on all swaps, totaling to around ~17% APR. This is really good for people trying to hold and grow the platform. TVL in LRC is currently 325.92m. But TVL for LRC in the AMM pools on L2 sits at ~70B.
My hypothesis is that LRC has the technology, momentum, and intrigue to continue raising capital from investors. I could easily see TVL gapping up massively to around ~1-2B. From there I could see it gap to 20B in the decade to come. DeFi-Lama reports that current TVL for all of crypto currently sits at 212.2B. Loopring is coming to eat that lunch sooner rather than later.
Overall, I think LRC is poised for a breakout. My eyes are peeled.
My hypothesis is that LRC has the technology, momentum, and intrigue to continue raising capital from investors. I could easily see TVL gapping up massively to around ~1-2B. From there I could see it gap to 20B in the decade to come. DeFi-Lama reports that current TVL for all of crypto currently sits at 212.2B. Loopring is coming to eat that lunch sooner rather than later.
Overall, I think LRC is poised for a breakout. My eyes are peeled.