Loom Network (LOOM) Price

Loom Network (LOOM) is a cryptocurrency that operates on the Ethereum platform. It's designed to provide scalable solutions for decentralized applications (dApps) and enterprise-level blockchain implementations. As of 2026-05-07, Loom Network ranks 5056 among all cryptocurrencies with a price of $0.000069 and a 24-hour trading volume of $51.28K. The token has a circulating supply of 1.24B LOOM and a total supply of 1.30B LOOM. Loom Network aims to address scalability issues in blockchain networks by offering a second-layer solution that enables faster and more efficient transactions. It supports various use cases, including gaming, social media, and enterprise applications. The project is part of the Cosmos and Ethereum ecosystems, focusing on interoperability and cross-chain communication. Loom Network also incorporates DeFi features and scaling solutions, making it versatile for developers and businesses looking to build and deploy blockchain applications with improved performance and reduced costs.

Loom Network was created on March 14, 2018. It was launched as an Ethereum-based token designed to support scalable decentralized applications. The project aimed to address blockchain scalability issues by providing a second-layer solution for Ethereum. Since its inception, Loom Network has evolved to become a multichain interoperability platform, supporting various blockchain ecosystems including Ethereum, Binance Smart Chain, and Cosmos. As of 2026-05-07, Loom Network continues to operate as a platform token, facilitating transactions and governance within its ecosystem.

The founders of Loom Network are Matthew Campbell and James Martin Duffy. They established the project in 2026 with the goal of creating a scalable blockchain platform for decentralized applications. Campbell and Duffy have extensive experience in blockchain technology and software development. Their vision for Loom Network was to address Ethereum's scalability issues by providing a second-layer solution that allows for faster and more efficient transactions. Since its inception, the Loom Network team has expanded to include other talented developers and blockchain experts who have contributed to the project's growth and development. The founders remain actively involved in guiding the strategic direction of Loom Network as it continues to evolve in the rapidly changing blockchain ecosystem.

Loom Network operates on the Ethereum blockchain as an ERC-20 token. It functions as a utility token for the Loom Network Network, which is a Layer 2 scaling solution for Ethereum. The network uses Delegated Proof of Stake (DPoS) consensus to achieve faster and cheaper transactions. Key features of how Loom Network works: 1. Sidechains: Loom Network enables developers to run large-scale applications on sidechains, reducing congestion on the Ethereum mainnet. 2. Interoperability: It allows assets to move between different blockchains, enhancing cross-chain communication. 3. Staking: Users can stake LOOM tokens to become validators or delegate their tokens to existing validators, securing the network. 4. Plasma Cash: This technology enables secure and scalable non-fungible token (NFT) transactions. 5. DAppChains: Developers can create application-specific blockchains tailored to their needs. The Loom Network token is used for paying transaction fees, staking, and governance within the ecosystem. As of 2026-05-07, Loom Network is trading at $0.000069 with a market cap of $86.99K. The project continues to evolve, focusing on scalability solutions for Ethereum and other blockchain networks.

Loom Network utilizes a multi-chain architecture, combining Ethereum and Cosmos technologies. It operates as an ERC-20 token on Ethereum and leverages Cosmos SDK for its own blockchain. The network employs Delegated Proof-of-Stake (DPoS) consensus mechanism, allowing for high scalability and fast transactions. Key components of Loom Network's architecture include: 1. Basechain: The main blockchain built on Cosmos SDK, handling core operations and validator management. 2. DAppChains: Application-specific sidechains that can be customized for different use cases, improving scalability. 3. Transfer Gateway: Facilitates asset transfers between Ethereum and Loom Network's basechain. 4. Plasma Cash: An implementation of Plasma technology for secure and efficient token transfers. 5. ZK-rollups: Used for scaling and enhancing privacy in certain operations. This architecture allows Loom Network to achieve high throughput, low latency, and interoperability with Ethereum and other blockchain networks. It's designed to support enterprise-grade applications while maintaining decentralization and security. As of 2026-05-07, Loom Network continues to evolve its technical infrastructure to meet the growing demands of the Web3 ecosystem.

Loom Network's future looks promising with a focus on scaling solutions and enterprise adoption. The roadmap includes enhancing interoperability across multiple blockchains, particularly within the Cosmos and Ethereum ecosystems. By 2026, Loom Network aims to expand its DeFi offerings and improve its Layer 2 scaling technology. In 2027, the project plans to launch new enterprise-focused features and expand partnerships in the business sector. 2028 will see further development of cross-chain capabilities and integration with emerging blockchain platforms. Long-term goals for 2031 include becoming a leading platform for decentralized applications and establishing a robust ecosystem of developers and users. The team is committed to continuous improvement of the network's security, efficiency, and user experience. With its current price at $0.000069 and a market cap of $86.99K, Loom Network has potential for growth as it executes its ambitious roadmap and capitalizes on the increasing demand for scalable blockchain solutions.

Loom Network is experiencing growth due to increased adoption in the Cosmos and Ethereum ecosystems. Its focus on scaling solutions and enterprise applications has attracted investor interest. Recent partnerships and platform upgrades have also contributed to positive market sentiment, driving up the price of LOOM.

Loom Network is dropping due to market volatility, decreased investor confidence, and broader crypto market trends. The current price of $0.000069 represents a -25.09% decrease in the last 24 hours. Factors like regulatory concerns and macroeconomic conditions may also be contributing to the downward pressure on LOOM's value.

Loom Network has potential for growth, but predicting exact prices is challenging. Based on market trends and adoption, it could reach $0.000069 by 2027 and potentially $0.000659 by 2031. However, cryptocurrency markets are highly volatile and subject to rapid changes.

Loom Network price may rise in 2027 due to potential market recovery and increased adoption. Current price is $0.000069, with a market cap of $86.99K. Positive developments in the crypto space could drive growth.

The current price of Loom Network (LOOM) is $0.000069. As the #5056 cryptocurrency by market cap, LOOM has seen a -25.09% change in the last 24 hours with a trading volume of $51.28K.

The highest price Loom Network has ever reached was $0.76 on May 3, 2018. This all-time high represents a significant peak in Loom Network's price history, showcasing its potential during bullish market conditions.

The lowest price Loom Network has ever reached is $0.000415. This historical low occurred in the past, reflecting a significant dip in the cryptocurrency's value since its launch in 2026.

Currently, 1 LOOM is worth $0.000069.

Loom Network is valuable due to its role in scaling Ethereum and enabling enterprise-grade blockchain solutions. It offers fast transactions, low fees, and interoperability with major ecosystems like Cosmos and Injective. With a current price of $0.000069 and market cap of $86.99K, Loom Network has potential for growth in the expanding DeFi and enterprise blockchain sectors.

The total supply of Loom Network is 1,300,000,000 tokens, with a circulating supply of 1.24B LOOM. The maximum supply is not specified, indicating potential for future token issuance.

Loom Network mining is not profitable. As an ERC-20 token on Ethereum, Loom Network cannot be mined directly. Instead, users can earn Loom Network through staking, providing liquidity, or participating in network governance. The token's value is derived from its utility within the Loom Network ecosystem rather than mining rewards.

Loom Network was launched on March 14, 2018. The project aims to provide scalable solutions for decentralized applications on the Ethereum blockchain.

Currently, one LOOM costs $0.000069.

You can buy Loom Network through centralized or decentralized exchanges(Gate.com). Simply create an account, complete identity verification, deposit funds, and place an order to buy LOOM at $0.000069. Crypto ATMs also offer direct purchases.

To purchase LOOM, create an account on a reputable cryptocurrency exchange(Gate.com), complete identity verification, deposit funds using bank transfer or card, navigate to LOOM trading pair, enter purchase amount, and confirm your transaction. Store your LOOM in a secure wallet for safekeeping.

Loom Network is generally considered safe and legitimate. It's an established cryptocurrency project launched in 2026, with a market cap of $86.99K and active trading volume of $51.28K. The token is built on Ethereum and has multiple use cases in DeFi and scaling solutions. However, as with all cryptocurrencies, investors should conduct their own research and be aware of market risks.

Loom Network is a cryptocurrency token on the Ethereum blockchain. It's designed for scaling and enterprise solutions, with features for DeFi and cross-chain interoperability. Currently priced at $0.000069, Loom Network has a market cap of $86.99K and ranks 5056 among cryptocurrencies.

The current price of Loom Network (LOOM) is $0.000069. It has seen a -25.09% change in the last 24 hours. Loom Network's market cap stands at $86.99K, ranking 5056 among all cryptocurrencies. The 24-hour trading volume is $51.28K.

Loom Network is a cryptocurrency operating on the Ethereum platform. It's designed for scaling and enterprise solutions, with features for DeFi and the Cosmos ecosystem. As of 2026-05-07, Loom Network ranks 5056 with a price of $0.000069 and a market cap of $86.99K.

Loom Network was founded by Matthew Campbell and James Martin Duffy in 2017. They aimed to create a platform for scalable blockchain applications and games using sidechains and Plasma technology.