Loom Network (NEW) (LOOM) — price, overview & secure storage
Loom Network (NEW) (LOOM) price today — live converter
Convert LOOM to your currency
Last Updated on Jun 16, 2026 11:36 AM
What is Loom Network (NEW)? Complete guide to LOOM
What is Loom Network (NEW) and who created it?
Loom Network is a next-generation blockchain application platform designed to enhance Ethereum's capabilities. It serves as a Layer 2 scaling solution, utilizing a network of Delegated Proof of Stake (DPoS) sidechains. This setup allows developers to create highly scalable games and user-facing decentralized-applications-dapps/">decentralized applications (DApps) while maintaining the security provided by the Ethereum mainnet.
Key features of Loom Network (NEW) blockchain
Loom Network's DPoS sidechains are often referred to as EOS on Ethereum due to their high scalability and throughput. These sidechains offer the same performance benefits as platforms like EOS but with the added advantage of being fully compatible with Ethereum. This compatibility ensures that developers can leverage Ethereum's robust security features while enjoying enhanced scalability.
How Loom Network (NEW) transactions work
The platform has been live in production since March 2018, providing developers with a reliable environment to build on. One of Loom Network's key innovations is the implementation of Plasma Cash, which allows Ethereum-based tokens to be used on Loom sidechains. This integration ensures that tokens retain the full security guarantees of Ethereum, making Loom Network a secure and efficient choice for blockchain developers.
Wallet for Loom Network (NEW)
Experience the future of Crypto Wallets with Tangem
Tangem supports networks for Loom Network (NEW)
- Ethereum
- Bnb Smart Chain
Metrics
Insights
Price performance
Another
Loom Network (NEW) official resources & community
Loom Network (NEW) official links
Loom Network (NEW) social media & community
Loom Network (NEW) source code & developer repos
Loom Network (NEW) blockchain explorers
Similar cryptocurrencies to Loom Network (NEW) (LOOM)
| Asset | 24h % | Market cap | |
|---|---|---|---|
 BitcoinBTC | $66,385.69 | 0.34% | $1.33T |
 EthereumETH | $1,791.54 | 1.72% | $0.22T |
 TetherUSDT | $0.9993 | -0.00% | $0.19T |
 BNBBNB | $613.36 | -1.27% | $82.70B |
 XRPXRP | $1.24 | 1.10% | $76.75B |
Frequently asked questions about Loom Network (NEW) (LOOM)
- Loom Network (NEW) is a cryptocurrency built on a decentralized network, enabling secure and transparent transactions. Its blockchain design supports various use cases depending on the project’s goals.
- Loom Network (NEW) offers efficient transactions, strong network security, and support for decentralized applications. Its design aims to provide a reliable user experience.
- LOOM represents the same asset as Loom Network (NEW). The ticker is simply a short label for trading and listing purposes.
- You can buy Loom Network (NEW) using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- Store Loom Network (NEW) in a non-custodial wallet where you control your keys. Tangem hardware wallets offer strong offline security.
- About Loom NetworkLoom Network (LOOM) isan Ethereum token that powers a network of delegated proof of stake sidechains(a system that Loom dubs “EOS on Ethereum”). This allows for highly-scalable games and user-facing dApps backed by the security of Ethereum.
- Loom Network is a multichain interop platform live in production sinceearly 2018.
How to store Loom Network (NEW) securely with a hardware wallet
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get Tangem
Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why Tangem is a trusted Loom Network (NEW) hardware wallet
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Online Support. Fast support for your needs. Live chat and email support for customers from all over the globe.
Other crypto assets supported in Tangem Wallet.
Stay connected.
Don’t miss out on our progress and latest updates. Have an impact — join our community today!
Don’t miss! 🚀 We drop prices for 20%
00:00:00