On July 13, Matthew Finestone, Business Lead at Loopring, tweeted: "The Loopring protocol's deposit contract now holds $100,000 worth of renBTC, with a daily trading volume reaching $30,000. In the future, a large amount of BTC will be stored within Ethereum scaling solutions based on zkRollups." Loopring launched its latest-generation decentralized exchange platform based on zkRollup in February this year, built on Loopring Protocol 3.1.1. Subsequently, in June, it launched its payment product Loopring Pay, built on Loopring v3.0, an Ethereum Layer 2 scalability protocol utilizing zkRollup.
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