Loopring Exchange

Loopring has completed its Layer 2 NFT return to Ethereum mainnet, delivering **2,046 NFTs** (544 ERC721 + 1,502 ERC1155) to 1,241 addresses across 283 collections through 9 on-chain batches. **What couldn't be returned:** - 14 NFT transfers reverted: 5 blocked by collection contracts (SAW Games Pass, Wu Tiger Clan), 9 sent to contracts unable to receive ERC1155 tokens - 21 expired .eth ENS names that no longer exist on-chain (expired 2022-2025) - L2-native NFTs with no L1 counterpart remain outside scope This follows the earlier completion of the **$7.4M token distribution** across 73 assets to 31,644 addresses. Only 26 token payouts failed: 1 USDC to a blacklisted address, 25 ETH to contracts that reject plain transfers. **Smart wallet holders** must verify identity via email for manual return. All transactions are verifiable on-chain with full documentation of exceptions. ⏳ Deadline: August 15, 2026

**Loopring announces shutdown of DeFi products by July 31, 2025**, including Dual Investment and Portal services. The decision stems from these products' reliance on centralized market makers, which conflicts with scalability and trustless operations. Key points: - Layer 2 operations continue normally - All user assets remain secure - Focus shifts to building permissionless systems This follows Q3 2024 improvements in decentralization: - New trustless guardian interactions - Self-help transaction mode for backend failures [Full announcement](https://medium.com/loopring-protocol/loopring-defi-closure-announcement-e9270cccba4d)

**Today marks the final day** for users to withdraw assets from the Loopring Wallet before its permanent closure on June 30th, 2025. Key points: - Users must transfer all assets before the interface becomes unavailable - After closure, interactions will only be possible directly through smart contracts - The Loopring protocol remains operational; only the wallet interface is affected For detailed instructions on asset withdrawal and closure procedures, visit the [official announcement](https://medium.com/loopring-protocol/loopring-wallet-closure-announcement-287400ff621b). **Immediate action required** to ensure continued access to your assets.

Portal, a DeFi trading platform on Ethereum, has launched significant upgrades to provide a centralized exchange-like experience while maintaining decentralized benefits. Key features: - Long/short trading capabilities - Adjustable leverage options - Access to CEX liquidity from Ethereum wallets - Trading of exclusive CEX tokens unavailable elsewhere on Ethereum The platform bridges traditional CEX functionality with DeFi security, allowing traders to access sophisticated trading tools directly from their self-custodial wallets at [Portal](https://defi.loopring.io).

Loopring DeFi has officially launched on Base Network, marking a significant expansion beyond Ethereum. This deployment follows their recent initiative to bridge CeFi capabilities to DeFi environments while maintaining self-custody. Key developments: - Full integration with Base Network completed - Users can now access CeFi features without leaving self-custody wallets - Multi-network expansion strategy progressing as planned This launch represents a major milestone in Loopring's mission to make DeFi more accessible and efficient across multiple networks. The platform continues to receive positive user feedback while maintaining its focus on security and performance.

The Loopring Smart Wallet has officially returned to the Apple App Store, marking a significant milestone for mobile DeFi accessibility. Users now have two options for accessing Loopring DeFi on mobile: - Download the Loopring wallet and activate an L2 account with built-in DeFi features - Access the mobile-optimized [DeFi.Loopring.io](http://DeFi.Loopring.io) via web browser and connect any compatible wallet The app's return enhances the protocol's mobile-first strategy for decentralized finance.

Loopring has introduced Fast Bridging, a significant upgrade to their web DApps offering two new bridging options: - **Loopring L2 to Taiko L2**: Enables quick fund transfers to explore multi-network Loopring DeFi on Taiko - **Loopring L2 to Ethereum**: Reduces wait times from 1 hour to just 3 minutes Both options are trusted bridge solutions maintained by the Loopring team for ensuring liquidity. Available at [Loopring Pro DApp](https://loopring.io/#/pro). *Note: Users seeking trustless solutions can explore alternative bridging options in web DApps or mobile.*

ERC-7683, developed by Across & Uniswap, establishes a unified framework for crosschain interactions on Ethereum. This new standard enables: - Seamless crosschain swaps with improved pricing - Unified liquidity across multiple networks - Simplified user experience across chains Key projects including Mode Network and Alt Layer have already adopted the standard. For developers, ERC-7683 offers access to shared liquidity networks and customizable settlement features. The standard represents a significant step in Ethereum's rollup-centric scaling roadmap, similar to how TCP/IP and HTTP standardized internet protocols.

Loopring DeFi has introduced trading support for the Official $TRUMP token on Ethereum, accessible through their web portal at DeFi.Loopring.io. Key features include: - Direct trading from self-custodial Ethereum wallets - Up to 10x leverage trading options - No requirement for CEX bridging or Solana network - Currently available on Taiko L2 network The service will expand to Loopring's mobile app and additional networks in future updates. Users need to connect their Ethereum wallet to the Taiko network to access trading.

Loopring has expanded its Portal offering by adding XRP trading capabilities. Users can now: - Trade XRP directly on Ethereum using self-custodial wallets - Access centralized exchange (CEX) liquidity - Take long or short positions with leverage - Trade alongside other assets like ETH, SOL, DOGE, WIF, and BTC The Portal feature integrates CEX liquidity with DeFi convenience, allowing up to 10x leverage while maintaining wallet self-custody. Visit defi.loopring.io to explore the new XRP trading features.