Loopring Shuts Down DEX and AMM Services Amid Low Adoption
- Service Shutdown: Loopring has announced the immediate closure of its decentralized exchange (DEX) and automated market maker (AMM), marking the end of its struggle for meaningful user adoption, highlighting its disadvantages in a competitive crypto market.
- User Fund Handling: Following the shutdown, Loopring will calculate and publish all final user balances, planning to distribute funds directly to users' Ethereum wallets while covering gas fees, aiming to minimize user losses during this transition.
- Technical and Market Challenges: Loopring acknowledged that its early zk rollup design failed to meet market demands, and a lack of business development skills rendered it obsolete against emerging zkEVM competitors, leading to a dramatic decline in market share, with TVL plummeting from $760 million in November 2021 to about $8 million, nearly a 99% drop.
- Industry Trend Reflection: This closure is not just an isolated case for Loopring but reflects a broader contraction in the crypto industry, with over 60 projects shutting down in 2026, emphasizing that technical innovation alone cannot compensate for a lack of user adoption, prompting investors to monitor the technical roadmaps of remaining projects.
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Technical Analysis for LRC
Technical Sentiment Analysis for Loopring (LRC). As of , Loopring (LRC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LRC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, LRC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Loopring (LRC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00987 | 0.0108 | 0.0116 | 0.0125 | 0.0133 | 0.0142 | 0.015 |
| Fibonacci | 0.0108 | 0.0114 | 0.0118 | 0.0125 | 0.0131 | 0.0135 | 0.0142 |
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