- It is the largest freshwater lake in Northeast India and is famous for the phumdis floating over it.
- Phumdis are the heterogeneous mass of vegetation, soil and organic matter at various stages of decomposition.
- Keibul Lamjao National Park is also one of the Phumdis in the lake.
- It is the only floating national park in the world and is the last natural refuge of endangered Sangai deer.
- Loktak lake is a wetland of international importance under the Ramsar Convention.
- It has been listed under the Montreux Record since 1993 (the other wetland in Montreux is the Keoladeo National Park, Rajasthan).