Loopring Closes DEX and Begins Immediate Asset Returns to Users

According to ChainCatcher, Loopring announced on X that its DEX will immediately cease all trading services effective June 28. The Layer 2 protocol cited insufficient adoption and the emergence of modern zkEVM solutions as reasons for the closure, compounded by LRC delistings from major exchanges in 2026.

Loopring will return user assets directly to Layer 1 wallets at no cost. Accounts with balances of at least $10 will be eligible for distribution. The team will publish a final balance sheet within days, followed by a two-week review period for user verification before asset distribution begins.