‘Engineers, Not Business Operators’: Why Loopring Is Shutting Down Its DEX

Loopring ends its Ethereum DEX after years of weak adoption and rising zkEVM competition. LRC plunged about 99% from its peak as liquidity, users, and market confidence steadily declined. User funds will be distributed to Ethereum wallets as Loopring completes its platform shutdown. Loopring has officially shut down its decentralized exchange (DEX), ending the operations […] The post Ethereum Pioneer Loopring Shuts Down DEX After Adoption Falls Short appeared first on Live Bitcoin News.

Solana's DEX surge challenges centralized exchanges, pressuring their revenue models and highlighting regulatory and reliability concerns. The post Solana surpasses major CEXs in DEX spot trading volume appeared first on Crypto Briefing.

Loopring has announced the immediate closure of its decentralized exchange and automated market maker after concluding that years of limited adoption, business shortcomings, and technological competition left the project without a sustainable future. Loopring disclosed the decision in a post…

Loopring officially shut down its decentralized exchange, marking the end of one of Ethereum’s earliest zk-rollup platforms. All trading functionalities were immediately stopped, and the relayer was turned off right after the official announcement made via Loopring’s X account. The shutdown ends a project that once demonstrated how zero-knowledge rollups

“We lacked a virtual machine, no composability, no real‑world payment use cases. That limitation kept our ecosystem from growing,” said the team.

"Mistakenly we thought that by just introducing artificial intelligence ... that would produce a high-quality product.”

Base says a sequencer bug caused two mainnet outages lasting 116 and 20 minutes, while funds stayed safe and new recovery tests are planned.

The 24-hour hold period would allow virtual asset service providers to screen the transactions and verify the legitimacy of the funds moved. The funds could be released in a shorter timeframe, provided that the risks associated with the transaction are mitigated. Central Bank of Brazil Proposes Holding Stablecoin Remittances For Screening Purposes The Central Bank […]