Loopring shuts down Ethereum’s first zk rollup DEX after years of decline
Covered by 5 sources · 5 articles
5 outlets - including Crypto-economy, Cryptoninjas and Medium and 2 more - are covering this story. TL;DR: Loopring, Ethereum’s first zk-rollup, announced the shutdown of its DEX and AMM due to lack of adoption and technological obsolescence. The protocol’s TVL dropped nearly 99% from its peak of $760 million in November 2021 to just arou…
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Loopring Shuts Down Its DEX After Struggling to Gain Adoption in the zk-Rollup Era
TL;DR: Loopring, Ethereum’s first zk-rollup, announced the shutdown of its DEX and AMM due to lack of adoption and technological obsolescence. The protocol’s TVL dropped nearly 99% from its peak of $760 million in November 2021 to just arou…
Ethereum’s First zkRollup Loopring Shuts Down DEX After Years of Decline and Delistings
Key Takeaways: Loopring has officially closed their DEx and has suspended all trading services. The team attributed their downfall to poor adoption, dated technology and the increased competition from newer The post Ethereum’s First zkRollu…
Loopring DEX Shuts Down After Nearly Eight Years
One of Ethereum’s earliest zk-Rollup projects is officially ending its decentralized exchange.
Loopring shuts down Ethereum’s first zk rollup DEX after years of decline
Loopring has announced the immediate closure of its decentralized exchange and automated market maker after concluding that years of limited adoption, business shortcomings, and technological competition left the project without a sustainab…
Loopring Ends Its Pioneer zk-Rollup DEX After Years of Limited User Adoption
Loopring officially shut down its decentralized exchange, marking the end of one of Ethereum’s earliest zk-rollup platforms. All trading functionalities were immediately stopped, and the relayer was turned off right after the official annou…