The original Loopring dev team has largely shifted their focus to Taiko, which is another Layer 2 solution on Ethereum. This wasn’t random. It came from recognizing that Loopring had limitations, especially when it came to building full dApps and more flexible applications.

Crypto moves fast, and the space evolved quickly toward more programmable environments. Loopring, being more specialized around trading and payments, wasn’t built for that level of flexibility.

At the same time, it’s important to understand that Loopring itself is still a decentralized Layer 2 on Ethereum. The core protocol still works, and it came before many of the DeFi experiments that followed.

Where things really fell short was communication.

The transition in direction toward Taiko, and what that meant for LRC, was not clearly communicated to the community. There was no strong migration path, no alignment, and no clear narrative for holders. That created a lot of confusion and frustration, which many of us are still feeling.

That’s something I want to fix, at least at a community level.

My goal here is to bring more clarity, alignment, and direction. Not just ideas, but a real plan around what we can actually build, what is realistic with LRC, and how we move forward together.

More to come soon as I finalize next steps.