Filling multiple needs within the cryptocurrency community is one way a project can set itself apart from the competition and new attract users and liquidity to its ecosystem.
Loopring aims to do exactly this by aiming to offer an Ethereum Virtual Machine- (EVM)-based solution with low fees where decentralized finance (DeFi) and nonfungible token (NFT) developers and investors can transact. The layer-2 (L2) scaling solution utilizes zk-Rollups to provide fast and low-cost transactions. The project has been gaining traction throughout the month of March.