Ethereum’s First zkRollup Loopring Shuts Down DEX After Years of Decline and Delistings

1 month ago 8

Rommie Analytics

Key Takeaways:

Loopring has officially closed their DEx and has suspended all trading services.
The team attributed their downfall to poor adoption, dated technology and the increased competition from newer ZkEVM networks.
The bidder’s funds will be sent directly to their Ethereum wallets after the centralized distribution.

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