Loopring, Ethereum’s first zero-knowledge rollup, announced Sunday the permanent closure of its decentralized exchange and automated market maker, halting all trading services and its relayer
Loopring, Ethereum’s first zero-knowledge rollup, announced Sunday the permanent closure of its decentralized exchange and automated market maker, halting all trading services and its relayer with immediate effect. The team cited three core reasons: a failure to attract meaningful adoption, an absence of business development capability, and being technologically surpassed by modern zkEVM competitors.
In a post on X, the Loopring team offered a candid autopsy. “To be honest, Loopring never gained meaningful adoption,” the team wrote. “As the first zk-rollup, we lacked a virtual machine, no composability, no real-world payment use cases. That limitation kept our ecosystem from growing.”
