Frens Market FeedsCrypto

Early Ethereum zkRollup Pioneer Loopring to Shut Down DEX, Says zkEVM Has Overtaken Its Architecture Loopring, one of Ethereum’s earliest z…

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.
ORIGINAL SOURCE SHOW ON TELEGRAM

More from Frens Market Feeds