📉 Loopring Shuts Down Its DEX After Losing Relevance in the zk-Rollup Era Loopring, widely recognized as Ethereum's first zero-knowledge rollup, has announced the permanent shutdown of its decentralized exchange (DEX) and automated market maker (AMM). The team cited limited adoption, ecosystem development challenges, and increasing competition from modern zkEVM solutions as the primary reasons behind the decision. As part of the shutdown, all trading services and the protocol's relayer will cease operations immediately. What's Happening? In a statement shared on X, the Loopring team acknowledged that the project never achieved meaningful adoption. According to the developers, one of its biggest limitations was the lack of Ethereum Virtual Machine (EVM) compatibility, which prevented composability and restricted the development of more advanced decentralized applications. While competing projects such as zkSync, Scroll, and Starknet evolved into fully EVM-compatible zk-rollups, Loopring maintained a more limited architecture, making it increasingly difficult to attract developers and expand its ecosystem. The team also noted that the delisting of the LRC token from several major exchanges throughout 2026 further accelerated the protocol's decline. Key Details • Loopring is permanently shutting down its DEX and AMM. • Trading services and the relayer will stop operating immediately. • The protocol never introduced Ethereum Virtual Machine (EVM) compatibility. • LRC delistings from major exchanges contributed to the ecosystem's decline. Context The protocol's on-chain metrics highlight its dramatic loss of relevance. Total value locked (TVL) has fallen from approximately $760 million in November 2021 to around $8 million today, representing a decline of nearly 99%. Meanwhile, the LRC token has dropped from its all-time high of $3.75 to roughly $0.01. Loopring had already discontinued its wallet service in July 2025, citing ongoing scalability challenges. Loopring's closure adds to the growing number of crypto projects shutting down throughout 2026. According to RootData, more than 60 blockchain projects and crypto companies have ceased operations this year, underscoring the impact of the prolonged bear market and intensifying technological competition across the industry. Important Notice This information is based on Loopring's official announcement and publicly available market data. It does not constitute investment advice. Cryptocurrency projects can lose relevance or discontinue operations over time. Always conduct your own research before making any investment decisions.

📉 Loopring Shuts Down Its DEX After Losing Relevance in the zk-Rollup Era Loopring, known as the first zk-rollup protocol on Ethereum, has announced the permanent closure of its decentralized exchange (DEX) and automated market maker (AMM). The team attributed the decision to low adoption, challenges in building its ecosystem, and increasing competition from more advanced zkEVM solutions. As part of the shutdown process, the protocol will immediately cease all trading services and its relayer. What’s happening? In a statement posted on X, the Loopring team acknowledged that the project never achieved significant adoption. According to its developers, one of the main limitations was the lack of an Ethereum Virtual Machine (EVM)-compatible runtime, which prevented composability and hindered the development of more complex applications within its infrastructure. While projects like zkSync, Scroll, and Starknet evolved into zkEVM solutions, Loopring maintained a more limited architecture, making it difficult to attract new developers and use cases. The team also noted that the delisting of the LRC token from several major exchanges in 2026 further accelerated the protocol’s decline in activity. Key details: • Loopring will permanently shut down its DEX and AMM. • Trading services and the relayer will cease operations immediately. • The protocol never implemented compatibility with the Ethereum Virtual Machine (EVM). • The delisting of LRC from multiple exchanges contributed to the ecosystem’s deterioration. Context Protocol metrics clearly reflect its loss of relevance in the industry. Total value locked (TVL) dropped from a peak of nearly $760 million in November 2021 to approximately $8 million today—a decline of nearly 99%. Meanwhile, the LRC token fell from a near-all-time high of $3.75 to around $0.01. Additionally, Loopring had already announced the shutdown of its wallet service in July 2025 due to difficulties scaling its infrastructure. Loopring’s closure adds to an increasing list of projects that have ceased operations in 2026. According to RootData data, over 60 crypto protocols and companies have ended operations this year alone, reflecting the impact of the prolonged bear market and intensifying technological competition. Important notice: This information is based on Loopring’s official announcement and publicly available market data. It does not constitute investment advice. Crypto projects may lose relevance or cease operations. Always conduct your own research before making any decisions.

#LUNCBURN recap from 2026-06-28: Daily Wallet Burn: 138,877 Daily On-Chain Burn: 29,217,685 Total Daily Burn: 29,356,562 Total $LUNC burn = 451,921,864,706! Keep it up, #LUNCARMY! #LUNC #LUNCcommunity #lunaclassic

[ Delisting Announcement ] Delisting Asset: $IP Time: 2026-06-29 12:00 (UTC) Heads up, we will be delisting $IP on June 29, 2026, at 12:00 (UTC) following the project's token swap and rebranding. 💜 The index price will be fixed at the average price of the last hour before the delisting time. Please prepare in advance! #ITLX #ITLG #ITL

Rakuten has heard complaints that connectivity has worsened due to KDDI (au) significantly reducing its roaming coverage area—is this an attempt to turn the tables?

UPDATE: Early ethereum:native scaling project Loopring is shutting down its DEX. - Team says newer zkEVM technology has replaced its older design. - Low adoption and LRC delistings also hurt the project. Users' funds will be returned to their Ethereum wallets, with gas fees covered by the team.

📣 ATTENTION Please be advised that as part of our regular market review, aimed at maintaining a high-quality trading environment, Kanga Exchange will remove the possibility of trading on the following trading pairs on July 13, 2026, at 10:00 AM UTC: ➡️ CXT/USDT ➡️ LRC/USDT Therefore, on July 13, 2026, at 10:00 AM UTC, the option to deposit the following tokens will be disabled: CXT, LRC Withdrawals of the previously mentioned tokens will be suspended on September 17, 2026 at 10:00 AM UTC.

loopring shuts down its dex effective immediately, citing outdated zkrollup design and zkevm competition. $XRP etfs saw nearly $23m net inflows last week. midnight foundation paused glacier drop redemptions after a reported breach tied to emurgo's secondfi.

⚰️ Loopring Shuts Down Its DEX Due to Inability to Compete with zkEVM Platforms Loopring, one of Ethereum’s earliest zkRollup projects, has announced the immediate shutdown of its decentralized exchange, Loopring DEX, along with the cessation of all relayer operations. The team stated that Loopring was among the first projects to demonstrate that zero-knowledge proofs could scale Ethereum. However, factors such as its non-EVM architecture, limited user base, weak business development efforts, and the delisting of the LRC token from multiple exchanges in 2026 led to the decision to shut down. Before fully ceasing operations, Loopring will disclose users’ final balances and directly refund assets worth $10 or more to their corresponding Ethereum L1 addresses—all gas fees covered by the team. (Source: WuBlockchain) So, another non-EVM zkRollup project has shut down due to lack of adoption. When will it be the turn of our national L2, Tắc Nét? 🧐

Loopring DEX is closing its doors due to low adoption. The team cited a lack of composability & real-world payment use cases as key limitations to ecosystem growth. A sharp reminder for dApps on prioritizing utility and integration. #Crypto #NFTs