Pioneering zk-rollup Loopring closes DEX, citing lack of adoption
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. “As the first zk-rollup, we lacked a virtual machine – no composability, no real‑world payment use cases.
- ▪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 lacke
- ▪That limitation kept our ecosystem from growing,” said the team.
- ▪“As the first zk-rollup, we lacked a virtual machine – no composability, no real‑world payment use cases.
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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…
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