The Next-Generation Blockchain Application Platform for Ethereum.
Loom Network’s DPoS sidechains allow for truly scalable blockchain games and DApps with the security of Ethereum mainnet. Like EOS on Ethereum.
What is Loom Network?
Loom Network is a Layer 2 scaling solution for Ethereum that is live in production. It is a network of DPoS sidechains, which allows for highly-scalable games and user-facing DApps while still being backed by the security of Ethereum.
Live in production
Loom Network has been live in production since March 2018. Developers, start building on Loom today.
Highly Scalable Sidechains
Dubbed “EOS on Ethereum”, Loom’s DPoS sidechains provide the same high scalability and throughput promised by alternative platforms like EOS, while still being fully Ethereum-compatible and secure.
Backed by Ethereum
We built the world’s first Plasma Cash implementation, which allows Ethereum-based tokens to be used on Loom sidechains with the full security guarantees of Ethereum.
Loom Network (NEW) Price Analysis
As of November 25 2024 Loom Network (NEW) has a marketcap of $89M.
This is {{percentagefromath}} from its all time high of $0.492286.
In terms of its tokenomics, there's a total supply of 1.3B with 95% currently outstanding.
Keep in mind Loom Network (NEW) has a fully diluted value of $93M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
