Loopring announces the closure of Loopring DEX and the return of user assets

The Ethereum Layer 2 protocol Loopring announced on platform X that Loopring DEX will immediately cease all trading services. The relayer will be taken offline immediately. The team stated that the reason for the shutdown is the failure to achieve meaningful adoption, as the lack of a virtual machine for the first zkRollup has limited ecological growth. Additionally, LRC being delisted from major exchanges in 2026 accelerated the outcome, while modern zkEVM solutions have made its dedicated architecture seem outdated.

The shutdown process is as follows: 1. The team will publish a final balance list for all users in the coming days, covering spot balances and liquidity pool positions automatically converted to underlying assets; 2. Upgrade the contract to a version that only allows whitelisted addresses to transfer, to support batch distribution; 3. The balance list will be open for a two-week review period for users to verify; 4. After the review period ends, assets will be sent in batches directly to users' L1 wallet addresses, with only accounts holding a balance value of over $10 included in the distribution. Users do not need to take any action or pay Gas fees, as all transaction costs will be borne by the team.