Hassan Maishera
The Loopring team announced via X on Wednesday that the Loopring Wallet will be officially ceasing its operations by the end of June 2025. While assets remain safely stored in the Loopring Wallet’s smart contract and can always be manually accessed directly via smart contract interaction, the team strongly recommends transferring funds and NFTs to another wallet before the closure date to ensure a smooth transition.
Loopring aims to build an open protocol for scalable, non-custodial, order-book-based exchanges on Ethereum by leveraging zero-knowledge proofs. LRC, Loopring’s native token, is down by 2% today and is trading at $0.0985 at press time.
