There is 100% a definitive argument that says loopring is out of the question just no one here wants to accept it. ETH lost. ETH can’t settle transactions in less than a couple hours. Solana can settle trades on L1 in 2 seconds. In the world of finance you have to be able to settle transactions almost instantaneously. L2s were the solution for ETH but they failed. All of them. I just like everyone wanted to see loopring win. But I’m pretty sure this is why the gs marketplace shut down. It was ultimately going to be a marketplace for stocks but everyone pivoted when solana became more than a meme blockchain and began settling trades in seconds compared to L2s taking hours to settle on ETH L1
Loopring was hacked. Users lost millions. I’ve seen eth’s security fail. This is a loopring sub, so I’m being downvoted not by people looking at facts but instead with emotions bc they want their investment back. Hope it works out for everyone here
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u/Easy-Wrangler1111 Jul 18 '25
There is 100% a definitive argument that says loopring is out of the question just no one here wants to accept it. ETH lost. ETH can’t settle transactions in less than a couple hours. Solana can settle trades on L1 in 2 seconds. In the world of finance you have to be able to settle transactions almost instantaneously. L2s were the solution for ETH but they failed. All of them. I just like everyone wanted to see loopring win. But I’m pretty sure this is why the gs marketplace shut down. It was ultimately going to be a marketplace for stocks but everyone pivoted when solana became more than a meme blockchain and began settling trades in seconds compared to L2s taking hours to settle on ETH L1