Latest LooksRare (LOOKS) News Update

Deep Dive

1. OKX Delists LOOKS (19 November 2025)

Overview: OKX phased out LOOKS spot trading between 12–22 November 2025, halting deposits/withdrawals and consolidating assets into untradable accounts. The exchange cited routine reviews of project health and market fit but didn’t specify LOOKS’ shortcomings.

What this means: Bearish short-term, as delistings reduce liquidity and signal declining institutional confidence. LOOKS’ price fell 41% weekly post-announcement, aligning with typical post-delisting volatility. However, the token remains tradable on Bybit and Uniswap, mitigating total isolation. (OKX)

2. ONUS Follows OKX Exit (20 November 2025)

Overview: Vietnamese platform ONUS delisted LOOKS on 20 November 2025 after OKX’s exit left no viable liquidity routes. Users were forced to convert holdings to stablecoins or forfeit assets via automatic redemption.

What this means: Highlights dependency on major exchanges for liquidity access. The move compounds selling pressure but reflects broader risk management trends rather than LOOKS-specific failure. (ONUS)

3. Trader-Focused Positioning Persists (12 November 2025)

Overview: A CoinMarketCap analysis still ranks LooksRare among top NFT platforms for traders, noting its 0.5% fees and 50% gas savings vs competitors. However, the NFT market’s shift toward curated art (SuperRare) and liquidity hubs (OpenSea) challenges its volume-dependent model.

What this means: Neutral long-term – while the platform’s niche exists, declining volumes (-91% token price since 2024) question its sustainability without exchange support or protocol upgrades. (CoinMarketCap)

Conclusion

LOOKS navigates a credibility crisis from exchange exits but retains technical advantages in NFT trading mechanics. With liquidity fragmented and the broader market favoring Bitcoin, can LooksRare’s community incentives revive its utility before staker rewards dry up?

Deep Dive

1. @OKX: LOOKS delisted amid liquidity crunch bearish

"Effective 22 Nov 2025, LOOKS/USDT trading ceases due to failure to meet listing standards" – OKX announcement details phased removal of spot pairs.
– @OKX (20M followers · 850K impressions · 2025-11-12 08:00 UTC)
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What this means: Bearish for LOOKS because exchange exits reduce liquidity access, potentially accelerating sell pressure as holders scramble to offload positions before trading halts.

2. @Blynex: Stakers earn 39% APY despite rout bullish

"LOOKS stakers claim rewards in WETH + LOOKS – current APY outperforms most NFT platform tokens" per Blynex Academy.
– @Blynex (18K followers · 12K impressions · 2025-09-02 00:00 UTC)
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What this means: Bullish for long-term holders, as high yields could incentivize diamond-handing through volatility, though token emissions risk inflationary pressure.

3. @CoinMarketCap: Trader favorite for gas efficiency neutral

"LOOKS captures 7% of pro NFT traders via bulk deals + 50% gas savings vs rivals" – CMC analysis notes niche adoption.
– @CoinMarketCap (12M followers · 2.1M impressions · 2025-11-12 00:00 UTC)
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What this means: Neutral – while technical advantages remain, shrinking exchange support limits new buyer access, capping upside potential.

Conclusion

The consensus on LOOKS is bearish-leaning mixed, with its survival hinging on staker retention versus exchange exodus. Watch the circulating supply (currently 999M/1B) – any accelerated unlocking post-delistings could trigger hyperinflation. Does the NFT market’s flight to quality leave room for tokenized platforms?

Deep Dive

1. Emission Reduction & Reward Restructuring (January 2023)

Overview:
Phase 4 of LooksRare’s tokenomics overhaul slashed daily LOOKS emissions from 150 to 80 per block, reducing listing rewards from 100,000 to 50,000 LOOKS/day and trading rewards from ~437k to ~236k LOOKS/day. Protocol stakers retained 100% of WETH platform fees.

What this means:
This is neutral for LOOKS because it aimed to curb inflation and extend reward sustainability, but reduced incentives may have contributed to diminished trading activity. The update prioritized long-term holder alignment by locking team/treasury tokens into staking contracts, though no fresh code commits are visible since.

(Source)

Conclusion

LooksRare’s last documented codebase change in early 2023 targeted supply sustainability, but development momentum appears stagnant amid recent exchange delistings. How might renewed protocol activity impact LOOKS’ dwindling liquidity?

Deep Dive

1. Mobile App Launch (Q1 2026)

Overview:
LooksRare is finalizing a mobile app for Android and iOS, designed to offer real-time NFT tracking, bulk trading, and customizable notifications. Development began in early 2025, with beta testing expected in late Q4 2025 (LooksRare Docs).

What this means:
This is bullish for LOOKS because mobile accessibility could broaden user adoption, especially among casual traders. However, delays or technical issues during rollout might dampen sentiment.

2. LOOKS Utility Expansion (2026)

Overview:
Post-V2, the team plans to expand LOOKS’ utility via progressive releases, including governance voting, fee discounts for stakers, and token-gated NFT drops. A detailed roadmap is pending, but the focus is on aligning token incentives with platform growth (Blynex Academy).

What this means:
This is neutral-to-bullish for LOOKS because improved utility could boost demand and reduce sell pressure. However, competition from platforms like Blur and OpenSea’s SEA token may limit impact.

3. Advanced NFT Features (TBC)

Overview:
LooksRare is exploring 3D NFT visualization tools and metaverse integrations, allowing users to display NFTs in virtual environments. These features aim to differentiate the platform but lack a confirmed timeline.

What this means:
This is speculative for LOOKS because innovative features could attract niche collectors, but development risks and market saturation in NFT utilities may curb adoption.

Conclusion

LooksRare’s roadmap hinges on executing its mobile app and token utility upgrades to counter exchange delistings (e.g., OKX in November 2025) and low liquidity. While these efforts could revive trader interest, success depends on timely delivery and NFT market sentiment. Will LOOKS’ niche innovations outpace competitors’ scale?