There is no credible price forecast for LRC, because the product the token was built for is gone. On 28 June 2026 Loopring shut down its zkRollup decentralised exchange and AMM and took its relayer offline. On 25 October 2026 LRC traded at about $0.0085, with a market capitalisation of about $11.6 million. That is roughly 99.8% below its November 2021 high. What happens to the price now depends on speculative trading in the token, not on any protocol activity.
The newest development: Loopring has sunset its Layer 2
- 28 June 2026: DEX closure announced. In a post on X, the Loopring team ended all trading services and the relayer with immediate effect (Cointelegraph, The Block, 29 June 2026). The team wrote: "To be honest, Loopring never gained meaningful adoption." It described itself as "engineers at heart" and said the 2026 exchange delistings of LRC "only accelerated the inevitable" (Cointelegraph).
- Reasons the team gave. The protocol "lacked a virtual machine" and so had no composability and no real-world payment use cases. Its business development was limited, and fully Ethereum-compatible zkEVM rollups had overtaken it. "Rather than running a hollow service, we choose to end it gracefully," the team said (The Block, crypto.news).
- 29 June 2026: contract upgrade. L2BEAT records that the ExchangeV3 contract was upgraded at 10:24 UTC and that normal operation of the exchange stopped. A second upgrade followed on 9 July. On 10 July the distributor contract was extended to batch-distribute NFTs. L2BEAT now lists Loopring as archived and says it "no longer accepts deposits".
- Return of user funds. Loopring said it would publish final Layer 2 balances, allow a two-week review period, and then send assets to users' Ethereum addresses in batches, with the team paying gas (The Block, Cointelegraph). Spot balances in ETH and ERC-20 tokens were included, and AMM liquidity positions were to be converted into their underlying tokens.
- What is left on-chain. As of 25 October 2026, L2BEAT shows about $2.37K in value still secured on the rollup. Cointelegraph, citing L2BEAT, put the total at about $8 million at the time of the announcement and about $760 million at the November 2021 peak.
How Loopring got here: the timeline
| Date | Event | Source |
|---|---|---|
| 2017 | Loopring raises $45 million in an initial coin offering | Cointelegraph |
| Nov 2021 | LRC all-time high: $3.75 (CoinGecko) or $3.83 on 10 Nov 2021 (CoinMarketCap) | CoinGecko, CoinMarketCap |
| 2021–2022 | Partnership with GameStop powers an NFT platform, launched in 2022 | Cointelegraph |
| 9 Jun 2024 | Loopring's Guardian two-factor authentication service is compromised. About $5 million is drained from smart wallets that had only the Official Guardian. Guardian and 2FA operations are suspended | The Block, The Defiant |
| 30 Jun 2025 | Loopring Wallet goes offline permanently. The team says the Layer 2 protocol is not affected | crypto.news |
| 31 Jul 2025 | DeFi products, including Dual Investment and Portal, are sunset | L2BEAT, The Block |
| Aug 2025 | CEO Steve Guo steps down | The Block |
| 2026 | Major centralised exchanges delist LRC | Cointelegraph, The Block |
| 28 Jun 2026 | DEX, AMM and relayer shut down | Cointelegraph, The Block, L2BEAT |
| 19 Aug 2026 | LRC all-time low: $0.007565 | CoinMarketCap |
LRC market data (25 October 2026)
| Metric | Value | Source |
|---|---|---|
| Price | ~$0.0085 | CoinGecko, CoinMarketCap |
| Market capitalisation | ~$11.6 million | CoinGecko, CoinMarketCap |
| 24-hour volume | $2.4 million to $4.1 million, depending on the aggregator | CoinMarketCap, CoinGecko |
| Circulating supply | ~1.36–1.374 billion LRC | CoinMarketCap, CoinGecko |
| Max supply | ~1.375 billion LRC | CoinGecko |
Nearly the whole supply is already in circulation, so new issuance is not a factor. The bigger problem is demand. The token's original uses, paying fees, staking for the protocol's insurance fund and governance, all depended on a working exchange. That exchange no longer runs.
What market cap would an LRC price need?
Enter an LRC price and a circulating supply to see the total market value that price implies.
| LRC price you want to test | Circulating supply | Implied market capitalisation |
|---|---|---|
| 0.0085 $ | 1.374 billion LRC | 11.7 million $ |
| 0.05 $ | 1.374 billion LRC | 68.7 million $ |
| 0.1 $ | 1.374 billion LRC | 137.4 million $ |
- The price you enter is a test value, not a forecast; the article states that no credible price forecast for LRC exists.
- Nearly the whole supply already circulates, so the supply range only covers the gap between the aggregators' figures.
This multiplies price by supply and nothing more: it cannot say whether buyers would pay any price, and it ignores liquidity, delistings and the lack of a running product.
What a "price prediction" can mean for LRC now
Most published LRC forecasts were tables of yearly targets built on rising DEX usage, more Layer 2 adoption and an altcoin cycle. The shutdown removes the first of those inputs. Some arithmetic shows what the market would have to accept for each price, using a supply of about 1.374 billion tokens:
| LRC price | Implied market capitalisation |
|---|---|
| $0.0085 (25 Oct 2026) | ~$11.7 million |
| $0.05 | ~$69 million |
| $0.10 | ~$137 million |
| $3.75 (2021 high) | ~$5.15 billion |
Each step up needs buyers willing to pay more for a token that has no running product. Comparable cases, where a protocol sunsets but its token keeps trading, tend to be driven by liquidity and short-lived speculation rather than fundamentals. That is a general observation, not a forecast for LRC.
What could still move the price
- Liquidity. LRC has fewer large centralised venues since the 2026 delistings. With daily volume of a few million dollars or less, relatively small orders can cause large percentage swings in either direction.
- Any new plan from the team. The shutdown announcement set out how user funds would be returned but said nothing about the token itself. A credible, documented plan for LRC would be the main fundamental change to watch for.
- Further delistings. More exchanges dropping LRC would cut liquidity further.
- Broader market direction. Small-cap tokens with no active product usually move with general crypto sentiment, often with more volatility.
The technology, briefly
Loopring was widely described as the first zkRollup on Ethereum (Cointelegraph, The Block). In a ZK-rollup, transactions are batched and executed offchain. The rollup then posts the resulting state changes to Ethereum along with a validity proof, which the rollup contract checks before it accepts the new state (ethereum.org). Loopring's design was built for trading and transfers rather than general-purpose smart contracts. Its own team named that lack of a virtual machine as a reason it was overtaken by zkEVM rollups such as ZKsync, Scroll and Starknet.
If you still hold LRC
- Check your Layer 2 balance return. Loopring said Layer 2 assets would be sent in batches to the Ethereum address linked to each user's Layer 2 account.
- Old smart wallets. After the wallet app closed in 2025, Loopring said owners still control their smart contract wallets and can interact with them directly through a block explorer.
- Know the token's status. LRC still trades, but no product is generating fees for it, and the fee, insurance-fund staking and governance roles it was designed for ended with the exchange.
This article is information, not investment advice.
