Case Study: Loopring achieves faster Layer 2 user onboarding with Ramp Network

Loopring facilitates 20,000+ transactions in 3 months with Ramp Network

Loopring, a decentralized finance (DeFi) platform, faced a significant challenge in onboarding new users due to the complexity and high cost of using Ethereum's mainnet. Their goal of making DeFi accessible was hindered by daunting gas fees and a cumbersome process for crypto newcomers. To solve this, they partnered with Ramp Network to integrate a fiat-to-crypto on-ramp solution.

Ramp Network implemented a seamless integration with Loopring's Layer 2 chain, supporting key assets and keeping users within the Loopring ecosystem. This solution facilitated over 20,000 transactions in the first three months, with an average size of $300, and quickly became the number one source of on-ramp volume on the platform. The partnership with Ramp Network successfully lowered entry barriers, enabling Loopring to onboard thousands of new users effectively.

Loopring