The Loopring protocol team has announced the closure of its decentralized exchange (DEX) and automated market maker (AMM).
https://t.co/beXdvEBGru
— Loopring💙 (@loopringorg) June 28, 2026
The developers cited three reasons for the closure:
- Lack of mass adoption.
- Insufficient business development skills.
- Competition from modern zkEVM solutions.
“Loopring never achieved significant adoption. We lacked a virtual machine—there was no compatibility and real payment scenarios. This hindered the ecosystem’s growth,” the team admitted.
The project’s technical architecture became outdated compared to competitors fully compatible with Ethereum smart contracts. The situation worsened with the delisting of the native LRC token from major exchanges in 2026.
The team promised to return funds directly to users’ Ethereum wallets. Developers will calculate final balances, update the smart contract, and distribute assets in batches.
The refund process:
- The team will publish a list of balances for verification (a two-week period will be allocated for this);
- Payments will be made to users with balances over $10;
- The project will cover gas fees.
Earlier this June, law enforcement from 11 countries shut down the AudiA6 crypto service, which was based in Georgia, as part of a joint operation.
