Loopring, the first project to launch a zero-knowledge rollup on Ethereum, has announced that its decentralized exchange will immediately stop all trading services. The relayer has already been taken offline.
The team said the decision was made with regret after years of trying to keep the platform operating.
Outdated Technology and Poor Adoption
According to the announcement, one of the main reasons behind the closure was the platform’s technical limitations. Loopring said its early zkRollup design did not include a virtual machine, which limited composability and prevented broader real-world applications, including payment use cases. These restrictions hindered ecosystem growth and made it difficult for the platform to compete with newer technologies.
The team also admitted that it had stronger engineering capabilities than business development skills, while describing itself as “engineers at heart, not business operators.” In addition, the delisting of LRC from major exchanges
We współpracy z: https://cryptopotato.com/engineers-not-business-operators-why-loopring-is-shutting-down-its-dex/
