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Loopring Shuts Down All DEX Services, Citing Lack of User Adoption

Covered by 3 sources · 4 articles

3 outlets - including Bitcoinworld, Theblock and Cointelegraph - are covering this story. Loopring plans to return all remaining user funds through a smart contract upgrade, without requiring users to cover transaction costs.

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The Block Jun 29, 07:21 UTC

Ethereum zkRollup project Loopring sunsets DEX, citing lack of meaningful adoption

Loopring plans to return all remaining user funds through a smart contract upgrade, without requiring users to cover transaction costs.

Pioneering zk-rollup Loopring closes DEX, citing lack of adoption
Cointelegraph Jun 29, 03:15 UTC

Pioneering zk-rollup Loopring closes DEX, citing lack of adoption

“We lacked a virtual machine, no composability, no real‑world payment use cases. That limitation kept our ecosystem from growing,” said the team.

Loopring Shuts Down DEX and Relayer Services, Citing Failure to Achieve Mass Adoption
Bitcoin World Jun 29, 02:10 UTC

Loopring Shuts Down DEX and Relayer Services, Citing Failure to Achieve Mass Adoption

BitcoinWorld Loopring Shuts Down DEX and Relayer Services, Citing Failure to Achieve Mass Adoption Ethereum Layer 2 project Loopring has officially entered a shutdown phase, ceasing all trading on its decentralized exchange (DEX) and taking…

Loopring Shuts Down All DEX Services, Citing Lack of User Adoption
Bitcoin World Jun 29, 00:25 UTC

Loopring Shuts Down All DEX Services, Citing Lack of User Adoption

BitcoinWorld Loopring Shuts Down All DEX Services, Citing Lack of User Adoption Loopring (LRC), an Ethereum-based Layer 2 scaling protocol utilizing ZK-rollup technology, has announced the immediate shutdown of all its decentralized exchang…