Loopring (LRC) has confirmed that all historical Layer 2 (L2) and decentralized exchange (DEX) data remains accessible to users and developers, even after the shutdown of its L2 network. The project clarified that past data—including accounts, balances, blocks, transfers, trades, AMM pools, and NFTs—is indexed directly on Ethereum L1 and available through The Graph’s (GRT) decentralized indexing network.
Data Preservation Through Decentralized Indexing
Loopring has announced that while services like explorer.loopring.io, api3.loopring.io, and dev.loopring.io are now offline, the underlying data is still intact. The project explained that its official explorer always relied on subgraphs hosted on The Graph’s network. The terminated services were only proxy interfaces used to relay data without exposing API keys, not the primary data source.
Developers and users can continue to access the historical data by obtaining a free API key from The Graph and querying the relevant subgraphs directly. This approach ensures that critical transaction history and account information remain verifiable and accessible without relying on Loopring’s centralized infrastructure.
Implications for Users and Developers
For users who previously used Loopring’s official explorer, they will now need to utilize third-party interfaces or developer tools that query The Graph’s subgraphs. Loopring has provided a guide to help developers set up these queries, which can also assist service providers in creating new front-end tools for non-technical users.
This move reflects a broader trend in the crypto space towards decentralized data availability. By anchoring historical data on Ethereum L1 and indexing it through The Graph, Loopring ensures transparency and independent verification of its network’s legacy, promoting user trust and data integrity.
Why This Matters for the Broader L2 Ecosystem
Loopring’s decision to preserve data via The Graph showcases a preference for open, composable infrastructure within the industry. Other L2 projects considering network upgrades may look to this model for maintaining user access to historical records without ongoing costs, emphasizing the value of decentralized indexing networks for blockchain data persistence.
Conclusion
Loopring’s confirmation that all historical L2 and DEX data remains accessible through The Graph provides reassurance to concerned users and developers post-network shutdown. The project’s transparent approach and technical explanations set a positive example for data preservation in the blockchain sector, crucial for building user trust and ensuring long-term access to on-chain history.
FAQs
Q1: Can I still view my Loopring L2 transaction history after the shutdown?
Yes, all historical data is indexed on The Graph’s network and remains accessible with a free API key.
Q2: Do I need technical skills to access the data?
Accessing the data requires familiarity with querying subgraphs via The Graph, but Loopring’s developer guide and potential user-friendly interfaces can aid in the process.
Q3: What data is preserved?
All account information, balances, transactions, trades, AMM pool data, and NFTs are indexed and available. No historical data has been lost due to the network shutdown.