‘Engineers, Not Business Operators’: Why Loopring Is Shutting Down Its DEX
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Loopring, the first project to launch a zero-knowledge rollup on Ethereum, has announced its decentralized exchange will immediately stop all trading and its relayer has been taken offline. The team said the shutdown follows years of trying to keep the platform operating, marking a negative development for DeFi DEX adoption, on-chain liquidity and zk-rollup credibility in the crypto ecosystem.
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Loopring, the first project to launch a zero-knowledge rollup on Ethereum, has announced that its decentralized exchange will immediately stop all trading services. The relayer has already been taken offline.
The team said the decision was made with regret after years of trying to keep the platform operating.
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