what's Loopring?
Loopring is a decentralized protocol leveraging zkRollup technology as a Layer 2 scaling solution for Ethereum. It enables efficient trading, payments, and other applications by processing transactions off-chain in batches while settling proofs on Ethereum's Layer 1, inheriting its security guarantees. This architecture supports decentralized exchanges (DEXes), wallets, and earning products with significantly reduced fees and increased throughput compared to mainnet Ethereum. Key components include the Loopring Exchange for order-book trading via zkRollups, the Loopring Smart Wallet for self-custodial multi-network management with features like gasless transactions and account abstraction, and the Loopring Earn DApp for yield opportunities. The native LRC token facilitates governance, fee discounts, and staking within the ecosystem, powering a suite of interoperable tools for users seeking scalable DeFi experiences.
The project is shutting down all DeFi products to focus on Layer 2 development, following recent launches of a new trading portal and DeFi platform on Base.
Delisted from Upbit on 2026-03-16 at 15:00 KST due to insufficient disclosure, doubts about business legitimacy, sustainability, and actual progress.
Exchange removes LRC-USDT and LRC-BTC order books to improve market health and consolidate liquidity.
New INR trading pair for LRC goes live on WazirX with zero trading fees.
All DeFi products shutting down by July 31, 2025 to focus on Layer 2 development.
Core wallet interface shutting down within seven days.
New incentive program launches offering 50,000 Trailblazers XP and NFT rewards for DeFi product usage.
New trading portal launches on Base with up to 10x leverage and non-ETH token support including SOL, XRP, and DOGE.
New DeFi platform launches on Base network, expanding cross-chain presence.
New Portal feature enables cross-network leveraged trading of BTC, SOL, TRUMP, WIF directly from Ethereum wallets without CEX deposits.
DeFi platform launches on Base network, marking significant ecosystem expansion.
DeFi platform launches on Base network with major UI/UX upgrades and mobile experience in development.
Block Trade feature now enables direct CEX liquidity access for $cbBTC trading with improved price execution.
New DeFi platform launches on Base network with CeFi-to-self-custody bridging capability.
New DeFi platform launches on Base network with Dual Investment yield features for cbBTC holders.
DeFi protocol expands to Base L2 network
DeFi platform launches on Base network with three new trading features including leveraged trading, token swapping, and dual investment opportunities.
Multi-network DeFi platform offering CEX token trading with real CEX liquidity and leverage features through their Portal product.
Q3 2024 update announced launch on Taiko network and multi-network L3 capabilities. DeFi DApp now live on Taiko.
Q3 2024 update: Now multi-network with Loopring L3, DeFi live on Taiko. Planning promotional campaigns, ecosystem decentralization, product improvements and easy bridging.
Launched new DeFi DApp with Portal feature allowing ETH and non-ETH token trading with up to 10x leverage, now live on Taiko.
New DeFi platform launch announced.