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Loopring is a Layer 2 scaling solution built on Ethereum that enables high-speed, low-cost trading and payment processing through its zkSNARK zero-knowledge proof technology. The protocol allows users to trade assets directly from their wallets without giving up custody, while significantly reducing transaction fees and increasing throughput compared to mainnet Ethereum. Its unique approach combines automated market maker (AMM) functionality with order book trading, making it particularly useful for decentralized exchanges and DeFi applications seeking to improve efficiency and user experience.