POPA ReconLoopring Shuts Down Its Pioneering zkRollup DEX
Loopring Shuts Down Its Pioneering zkRollup DEX Loopring has shut its decentralized exchange effective immediately, pulling the relayer that powered trading offline, after the pioneering zkRollup venue never won meaningful user adoption. The team admitted its early design — built without a virtual machine — was outpaced by modern zkEVMs. TVL has cratered roughly 99% from a $760M peak to about $8M. Loopring will reconcile balances and return funds straight to users' Ethereum wallets, covering gas — but accounts holding under $10 are excluded to keep payouts efficient. 👉 x.com/loopringorg/st…
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