Loopring DEX Announces Suspension of All Trading Services

According to official sources, Loopring DEX has ceased all trading services, and its relayer has been taken offline. The team stated the closure was due to a lack of substantial adoption, the absence of a virtual machine, the delisting of LRC by major exchanges in 2026, and its technology being surpassed by modern zkEVMs. The team will directly distribute all assets to users, requiring no on-chain operations or payment of gas fees.

In the coming days, the team will publish on X platform the final balance list for Loopring L2, including spot balances and liquidity pool positions automatically converted into tokens. This list will be displayed for two weeks for verification. After the review period, assets will be sent in batches directly to users' L1 wallet addresses. This distribution is limited to accounts with a final total balance value of $10 or more, and the entire distribution process is expected to be completed within a few weeks after initiation.