DappRadar, Key Web3 Analytics Platform, Announces Shutdown Due to Financial Challenges
DappRadar, a cornerstone of blockchain analytics since 2018, will cease operations after failing to achieve financial sustainability. Founders Skirmantas Januskas and Dragos Dunica cited insurmountable economic pressures despite exploring alternatives. The platform’s wind-down includes discontinuing real-time tracking of decentralized applications and blockchains.
Known as the 'World’s Dapp Store,' DappRadar provided critical metrics across 90+ chains, spanning DeFi, NFTs, and gaming. Its closure leaves a void in portfolio tools, discovery features like airdrop tracking, and market research. Community discussions on the future of its RADAR token and DAO will follow via official channels.
The shutdown marks the end of an era for a platform that guided users through multiple market cycles, striving to bring transparency to Web3’s chaos. Its departure underscores the sector’s ongoing struggle to balance growth with profitability.