This page may contain stale information. Last updated: 2026-07-01
Overview
Loopring was Ethereum’s first zk-rollup pioneer, raising $45M in 2017 ICO. Built DEX and AMM on proprietary zk-rollup without EVM compatibility.
Recent Developments
- 2026-06-29: Announced immediate DEX and AMM closure; halted relayer (2026-06-29-loopring-dex-closure)
- 2025-07: Shut down wallet services citing scaling challenges
- 2021: Peak TVL $760M; GameStop NFT partnership
Closure Reasons
- Failed to gain meaningful adoption
- No virtual machine — no composability
- Surpassed by zkevm competitors (zkSync, Scroll, StarkNet)
- Weak business development; engineer-led team
- LRC exchange delistings (Upbit, Bithumb) in 2026
Fund Distribution
- Final balances published; two-week review window
- Batch transfer to Ethereum L1 wallets; gas covered by team
- Accounts under $10 excluded
- Trustless zk-rollup exit disabled — whitelisted contract upgrade
Token
LRC collapsed from 0.01. TVL ~$8M at closure.