DappRadar's token price plummets after platform announces shutdown

3 hours ago

The platform’s founders reached retired done societal media and email to accidental DappRadar would soon halt tracking blockchains and DApps.

DappRadar's token terms plummets aft level announces shutdown

DappRadar, the analytics level that provides information connected the decentralized exertion (DApp) industry, said it is ceasing operations 7 years aft it launched.

In a Monday X post, DappRadar founders Skirmantas Januškas and Dragos Dunica said they would beryllium winding down the platform. The brace said that “running a level of this standard became financially unsustainable successful the existent environment,” and said it plans to halt tracking blockchains and DApps “in the coming days” arsenic it begins to unopen down.

The announcement said the level would pass separately regarding however it would grip its autochthonal RADAR token and its decentralized autonomous enactment (DAO). The token terms fell astir 30% instantly pursuing the shutdown announcement, reaching astir $0.00072 astatine the clip of publication, according to data from Nansen.

Cointelegraph reached retired to DappRadar for comment, but had not received a effect astatine the clip of publication.

One of the astir important incidents related to decentralized speech infrastructure occurred successful March, erstwhile analytics reported a whale had made millions of dollars utilizing an exploit connected Hyperliquid.

“DeFi remains a halfway pillar, backed by beardown TVL maturation and terms recovery, adjacent arsenic backing cools,” said DappRadar successful a blog reporting connected the 2nd 4th of 2025. “But the surge successful exploit-related losses is simply a stark reminder that maturation without robust information tin acceptable the abstraction back.”

Significant analytics level for the crypto industry

Launched successful 2018, DappRadar has grown to go a important root of accusation for galore successful the crypto and blockchain industry, providing analyses of incidents similar the $100 cardinal exploit of decentralized speech Balancer and tracking developments among DApps.

Other notable closure announcements from 2025 see the shuttering of cryptocurrency speech eXch, non-fungible token marketplace X2Y2, and decentralized speech Mango Markets.