Loopring (LRC) Delisted from Upbit Deep Dive: Latest Developments and Compliance Risks of the Loopring Protocol

Recently, Loopring (LRC) has become a focal point in the market after being delisted from major trading platforms in South Korea. As an early Layer 2 solution exploring zkRollup technology within the Ethereum ecosystem, Loopring’s recent developments have sparked widespread discussion about its fundamentals and future prospects. This article will review Loopring’s technical background, market reactions, and provide an objective analysis based on current data.

Multiple Negative Factors Hit: Loopring Delisted by Korean Exchanges

In February 2026, South Korea’s two major cryptocurrency exchanges, Upbit and Bithumb, announced they would cease supporting trading of Loopring (LRC). According to official notices, the delisting process will be officially implemented on March 16, 2026, after which all related trading pairs will stop trading.

The exchanges cited concerns mainly about project compliance and transparency. Upbit stated that Loopring has issues such as insufficient core information disclosure, questionable business compliance and substance, and worries about sustainable development and actual development progress. Although Loopring was placed on the exchange’s warning list in January 2026, after evaluation, the exchanges concluded that these issues had not been effectively resolved, leading to the decision to delist. This series of actions has undoubtedly exerted significant short-term selling pressure on the LRC token.

Technical Vision and Market Competition: Loopring’s Positioning

Loopring is an open, Ethereum-based zkRollup Layer 2 network. Its core vision is to provide high-throughput, low-cost transaction infrastructure for decentralized exchanges (DEXs) and payment applications. By aggregating transactions off-chain and settling on-chain, Loopring aims to address Ethereum mainnet congestion and high gas fees.

However, technological foresight does not guarantee commercial success. In recent years, competition in the Layer 2 space has intensified, with solutions like Arbitrum and Optimism leveraging their ecosystems and first-mover advantages to capture large market shares. Meanwhile, zkSync and StarkNet, as newer zkRollup contenders, have demonstrated stronger competitiveness in technology and funding. Compared to these, Loopring’s market attention and development progress have gradually fallen behind, which may be the underlying reason for the exchanges’ doubts about its “sustainable development and actual progress.”

Price Data and Market Performance Analysis

Market reactions to negative news are always swift. According to Gate.io data, as of February 24, 2026, the price of Loopring (LRC) was affected by overall market and project-specific negative factors, resulting in a phased low. The current LRC price is $0.03265, with a 24-hour trading volume of $44.03K, a market cap of $40.63 million, and a market share of only 0.0019%. In the past 24 hours, LRC has fallen 2.91%, and over the past 7 days, it declined 3.59%. Over 30 days, the decline has expanded to 32.81%, and over the past year, it has dropped by 76.00%.

Looking at recent data, LRC’s price fluctuated with news in mid-February, with trading volume spiking at certain times. In early February, LRC briefly broke above the $0.04 resistance level, but technical indicators showed its Relative Strength Index (RSI) entering overbought territory, hinting at potential subsequent pullbacks. Historically, LRC’s highest price was $3.75, and its lowest was $0.01963. The current price is in a historically low range.

From a macro market perspective, Bitcoin (BTC) is priced at $63,384, down 3.46% in 24 hours; Ethereum (ETH) is at $1,834.44, down 2.44%. The overall downward trend of major cryptocurrencies further suppresses the performance of altcoins like LRC.

Future price predictions should be approached with caution. Based on on-chain data and trading volume, LRC’s liquidity and trading depth may be affected long-term by the delisting pressure. According to third-party forecast models, in 2026, LRC’s price may fluctuate between $0.02514 and $0.04864, with an average around $0.03265. Long-term, by 2031, the predicted range widens to $0.03637–$0.07679, with a potential return of approximately +77.00%. However, these forecasts rely on various assumptions, and actual performance will depend on project development, market sentiment, and regulatory environment. While a technical rebound from oversold conditions is possible, regulatory compliance uncertainties remain a Damocles sword hanging over the project.

Conclusion: A Wake-up Call on Compliance and Transparency

Loopring’s experience in the Korean market serves as a warning to all crypto projects. As global regulatory frameworks for digital assets continue to mature, exchanges—acting as key bridges between projects and investors—are tightening their compliance standards. For project teams, having an excellent whitepaper is no longer enough; ongoing development progress, transparent operations, and a healthy community ecosystem are essential to survive on mainstream platforms and gain market recognition. For investors, this underscores the importance of reassessing risks and prioritizing compliance and transparency in investment decisions.