Loopring has announced the immediate closure of its decentralized exchange (DEX) services, citing insufficient adoption and technological limitations. The Ethereum Layer 2 protocol stated that the DEX's zkRollup architecture, lacking a virtual machine, hindered ecosystem growth. Additionally, the delisting of LRC from major exchanges in 2026 accelerated the decision. The shutdown process involves several steps: Loopring will release a final balance sheet for all users, including spot balances and liquidity pool positions converted to underlying assets. Contracts will be upgraded to allow transfers only to whitelisted addresses, facilitating batch distribution. A two-week review period will be provided for users to verify balances. Post-review, assets will be distributed directly to users' L1 wallet addresses, with only accounts holding over $10 in value included. Users will not need to take any action or pay gas fees, as all transaction costs will be covered by the Loopring team.