⚡️ UPDATE: Loopring, Ethereum's first zk-rollup, is shutting down its DEX and AMM immediately, citing a lack of adoption and being outpaced by modern zkEVM rivals. https://t.co/FYdnttcatm
⚡️ UPDATE: Loopring, Ethereum's first zk-rollup, is shutting down its DEX and AMM immediately, citing a lack of adoption and being outpaced by modern zkEVM rivals. https://t.co/FYdnttcatm
🚨ETHEREUM zkROLLUP PIONEER LOOPRING IS SHUTTING DOWN ITS DEX
Once worth over $5 BILLION, Loopring is shutting down the DEX that helped pioneer Ethereum's zkRollup revolution.
The team says newer zkEVM technology has made its architecture obsolete, marking the end of one of crypto's earliest Layer-2 success stories.
$LRC now trades 99% below its all-time high, with its market capitalization collapsing to just $17 Million.
This is the beginning of the great dying. Followed by the big rebirth.
Early Ethereum zkRollup Pioneer Loopring to Shut Down DEX, Says zkEVM Has Overtaken Its Architecture
Loopring, one of Ethereum’s earliest zkRollup projects, announced it is shutting down the Loopring DEX effective immediately, with its relayer going offline. The team said Loopring was among the first projects to demonstrate that zero-knowledge proofs could scale Ethereum, but its non-EVM architecture, limited adoption, weak business development, and major LRC exchange delistings in 2026 ultimately led to its closure. Loopring will publish users’ final balances before distributing assets worth at least $10 directly to their associated Ethereum L1 addresses, with all gas fees covered by the team.