TechFlow News, June 29: According to an official announcement by Loopring, Ethereum’s first zkRollup protocol—Loopring DEX—has announced the immediate cessation of all trading services, and its relayer will be taken offline simultaneously. The team cited several key reasons for the shutdown: the original architecture’s lack of virtual machine support, which constrained ecosystem development; insufficient commercial operational capabilities within the team; external pressures—including the delisting of LRC from multiple major exchanges in 2026—as well as the fact that modern zkEVM solutions have comprehensively surpassed Loopring’s legacy technical architecture.
Regarding user asset distribution, Loopring will adopt a centralized approach to directly batch-send assets to users’ Layer-1 wallet addresses. Users will not need to perform any on-chain actions or pay gas fees—all transaction costs will be borne by the team. The specific process is as follows: publish the final balance list → upgrade the smart contract → two-week public review and audit period → batch distribution.
