Loopring has shut down both its decentralized exchange and the underlying application-specific ZK Rollup on Ethereum, with its relayer taken offline immediately. In a public announcement, the development team cited a persistent lack of user adoption, limited composability from its lack of a virtual machine, and a specialized architecture that has been outpaced by modern zkEVM solutions. This final shutdown follows a June 2026 string of major exchange delistings for the LRC token, including Binance and Upbit.

Rather than requiring users to manually submit technical Merkle proofs to withdraw L2 assets from the stalled network, Loopring will execute a centralized contract upgrade to handle distributions directly. Whitelisted addresses controlled by the team will batch-transfer L2 spot balances and converted AMM positions to users' Layer 1 Ethereum addresses. The upgrade permanently overrides the rollup's decentralized exit mechanism in favor of a centralized distribution, with payouts covering gas fees.

The closure marks the end of the protocol's active footprint on Ethereum. In July 2025, the team similarly sunsetted its consumer DeFi suite across Taiko and Base networks under a failed effort to rebuild momentum around its core Layer 2 network. Loopring was one of the first ZK roll ups, Ethereum.

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