DappRadar, the long-running Web3 and DeFi analytics platform often described as the “homepage of decentralised apps”, has announced it is shutting down after seven years of operation.
The decision comes as the crypto market faces a prolonged downturn. According to DappRadar’s founders, running the platform became unsustainable despite exhausting all available options.
The decision was made public in an X post on Monday, marking the end of a platform that once tracked millions of users and thousands of decentralised applications across multiple blockchains.
Founded in 2018 during the early days of Ethereum’s DApp explosion, DappRadar has grown into one of the most respected sources of on-chain data. It tracked tens of thousands of decentralised applications across more than 90 blockchains, covering DeFi, NFT markets, gaming, and more.
The company reportedly burned around $15,500 monthly and had only three months of stablecoin runway left.
Its treasury held about $1.6 million in assets, but nearly all was in its own RADAR token, which crashed by around 36% almost immediately after the shutdown news broke.
The team said that over the coming days, it will begin to gradually shut down data tracking and related services such as its portfolio tracker and airdrop tracker. Decisions about its DAO and the future of its RADAR token will be handled through community channels, the company added, inviting stakeholders into the conversation.
DappRadar’s uneasy exit
The Lithuania-based analytics platform was more than just a data portal; it was a window into the decentralised world. At its peak, it reportedly served around 500,000 monthly users. Its analytics were cited by journalists, used by developers, and referenced in academic research.
Recently, the platform had teased innovation: shortly before the shutdown announcement, the team revealed a cross-chain staking mechanism for RADAR, designed to let users stake across multiple blockchains without using bridges or paying steep network fees.
Despite this promising technical milestone, market realities won.
DappRadar’s closure underscores broader headwinds facing the Web3 data space. As funding dries up, it’s becoming increasingly difficult for independent analytics providers to sustain operations, especially when user adoption struggles to grow.
In recent months, several other Web3 companies have also closed down shops, underscoring the scale of the downturn. Notably, barely a month ago, layer-1 blockchain Kadena announced it was winding down operations.
Similarly, decentralised exchange Bunni confirmed that it was shutting down after suffering an $8.4 million exploit in September, an incident that wiped out its liquidity and left the team unable to continue.
Long-time users and industry watchers have expressed sadness at the loss. Some described DappRadar’s data as irreplaceable. Without it, they worry the Web3 ecosystem will lose a vital layer of transparency and insight.
