Loopring (LRC) is a decentralized exchange (DEX) protocol built on an Ethereum Layer-2 scaling solution known as zkRollup, a zero-knowledge rollup that moves computation off the main Ethereum chain while still using it for data storage and verification. This architecture allows the protocol to process a substantially higher volume of trades than Ethereum's base layer, with very low per-transaction settlement costs, making it practical for high-frequency and algorithmic trading activity that would otherwise be uneconomical on a typical DEX. The protocol supports both Automated Market Maker (AMM) liquidity pools and orderbook-based exchange formats, giving developers the tools to build non-custodial trading applications. The LRC token functions as the native utility and governance asset of the Loopring ecosystem, used for protocol governance and participation in the network. Loopring operates within the broader Ethereum, Layer-2, and Arbitrum ecosystems, and is generally classified as a DeFi, smart contract platform, and zero-knowledge rollup project.
The DEX wind-down closes a six-year run for one of Ethereum's earliest zkRollup experiments, with the team returning remaining user funds via a contract upgrade.
The protocol still runs, but the relayer powering its DEX goes dark, and LRC delistings earlier this year stripped it of the trading flow a non-EVM rollup needed to keep the lights on.
Loopring is a Decentralized Exchange (DEX) built on an Ethereum Layer-2 (L2) solution called zkRollup.
Loopring (LRC) launched on 2017-08-01.
Loopring (LRC) is categorised as: Decentralized Exchange (DEX), Smart Contract Platform, Exchange-based Tokens.
The official Loopring site is https://loopring.io.
Most recent Loopring coverage: "Loopring shuts down its DEX, sunsetting the zkRollup project" — read at /en-US/a/loopring-shuts-down-its-dex-sunsetting-the-zkrollup-project.
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