Woofun AI reports that Loopring, an Ethereum Layer 2 protocol, has terminated all trading services on its DEX and shut down its relayers. The team attributed this decision to prolonged low adoption, lack of composability due to the absence of a suitable virtual machine, and technological obsolescence compared to modern zkEVM solutions.

User assets will be managed centrally. A list of final balances, including spot and liquidity provider positions, will be published within days. Following a two-week review, assets will be transferred directly to users' Ethereum L1 addresses with gas fees covered by the team. Accounts holding less than $10 will be excluded from this process to ensure efficiency.