DappRadar Shuts Down After Seven Years Online, RADAR Plunges
- DappRadar shuts after seven years as financial pressure makes operations unsustainable.
- RADAR dipped as the shutdown raised concerns over treasury health and remaining assets.
- Closure shows Web3 strain as more platforms shut down due to low activity and funding.
DappRadar announced yesterday that it will shut down after seven years, ending its role as a major tracker of decentralized applications across multiple blockchains. This came from founders Skirmantas Januškas and Dragos Dunica, who said financial pressure forced the shutdown. The RADAR token dropped about 33% within hours, showing how quickly the market reacted.
Founders Cite Financial Pressure
The founders said the platform cannot keep operating because costs exceeded what the team could support. They noted that the tracking services covering dapps and blockchains will go offline in the coming days as the shutdown begins.
This update followed a post on X, where the team wrote that they explored every option before deciding to close. The announcement then changed attention to the RADAR token and the DappRadar DAO.
According to the founders, both matters will be handled separately through community channels. However, the team has not said which channels they plan to use or when those updates will appear, leaving users waiting for further direction.
The news also led to immediate market movement. RADAR fell to roughly $0.00067 at the time of writing. This reaction set the tone for concerns around the project’s remaining assets.
Treasury Data
The treasury holds $1,648,499 in assets. Notably, $1,602,301 of that total is locked in RADAR tokens, which make up about 97% of the holdings. The rest includes $46,162 in USDT and small amounts of Ethereum and SAFE tokens.
DappRadar previously raised $7.33 million across two funding rounds. The company secured a $2.33 million seed round in September 2019 and a $5 million Series A in May 2021. Prosus and Lightspeed Venture Partners were among the investors. However, these funds did not change long-term financial pressures, especially in a cooling market.
The company’s origins date back to February 2018. It launched after the CryptoKitties boom and later supported 18,111 dapps across 93 blockchains. It also served around 500,000 monthly users, showing how widely the platform was used across the industry.
Related: Who Leads in 2025’s Crypto Treasury Model: DAO or Corporate?
Shutdown and Broader Web3 Closures
DappRadar’s exit adds to several closures across crypto in 2025. This trend includes Exchange eXch, NFT marketplace X2Y2, and decentralized exchange Mango Markets. Each shutdown showed similar pressure from falling activity, slower funding, and rising operational demands.
The announcement also comes as other analytics platforms continue growing. DeFiLlama, Dune Analytics, Token Terminal, and Artemis Terminal are active in the sector. However, losing a large aggregator like DappRadar reduces one of the key sources used by developers, researchers, and investors who follow decentralized activity.
Other industry events formed part of the story this year. Stream Finance suspended withdrawals in November after a $93 million loss tied to an external fund manager. Polymarket also announced a UFC partnership on Nov. 13, showing how mixed the sector’s momentum has been.
The founders closed their message by saying they hope others will continue building tools that help users explore decentralized applications. They also thanked the community for seven years of engagement across bull and bear markets.
DappRadar’s shutdown after seven years follows steep financial pressure and limited treasury reserves. The closure affects token holders, developers, and users who relied on its analytics across 93 blockchains. The company plans to address RADAR and DAO matters next, leaving the community waiting for final details.
