Pioneering zk-rollup Loopring closes DEX, citing lack of adoption
“We lacked a virtual machine, no composability, no real‑world payment use cases. That limitation kept our ecosystem from growing,” said the team.
Opening excerpt (first ~120 words) tap to expand
Written by Martin Youngstaff writerReviewed by Felix Ngstaff editorWritten by Martin Youngstaff writerReviewed by Felix Ngstaff editorPioneering zk-rollup Loopring closes DEX, citing lack of adoptionLatest NewsPublishedJun 29, 2026“We lacked a virtual machine, no composability, no real‑world payment use cases. That limitation kept our ecosystem from growing,” said the team. Ethereum’s first zero-knowledge rollup, Loopring, announced Sunday the closure of its decentralized exchange and automated market maker, ending all trading services and halting the relayer effective immediately.In a post on X on Sunday, the team cited three main reasons for the closure: its failure to gain meaningful adoption, a lack of business development skills and being technologically surpassed by modern zkEVM…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Cointelegraph.com News.
Discussion
0 commentsMore from Cointelegraph.com News
