Loopring announced the closure of Loopring DEX and the return of users' assets
According to Twitter, Loopring, an Ethereum layer 2 protocol, posted an article on the X platform announcing that Loopring DEX will immediately stop all trading services. The repeater went offline immediately. The team said the reason for the shutdown was that it failed to gain meaningful adoption. As the first zkRollup, ecological growth was limited due to the lack of virtual machines. At the same time, LRC was removed from major exchanges in 2026, which accelerated the outcome, and the modern zkEVM solution made its dedicated architecture look outdated. The closure process is as follows: 1. The team will announce the final balance list of all users in the next few days, covering spot balances and liquidity pool positions automatically converted to underlying assets; 2. Upgrade the contract to a version that only allows transfers from whitelisted addresses to support batch distribution; 3. Open a two-week review period for users to verify; 4. After the review period is over, assets will be sent directly to the user's L1 wallet address in batches. Only accounts with a balance value of $10 or more are included in the distribution. Users do not need to operate or pay gas fees themselves; all transaction costs are borne by the team.