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DappRadar Announces Permanent Closure as Market Pressures Intensify
DappRadar, the long-standing blockchain analytics platform known for tracking decentralized applications across dozens of networks, has announced that it will permanently shut down due to financial constraints that rendered continued operations impossible. The company confirmed that matters involving its DAO and RADAR token will be handled separately.
A Seven-Year Era Comes to an End
Founded in 2018 during the CryptoKitties boom, DappRadar became a central hub for millions of users and thousands of developers seeking reliable insights into decentralized applications. Over the years, the platform expanded to cover analytics for more than 50 blockchains, offering data on transaction volumes, trades, and user activity across DeFi, gaming, and NFTs.
The co-founders, Skirmantas and Dragos, noted that although the platform became a crucial reference point within the industry, financial unsustainability ultimately forced the shutdown. Their decision reflects broad challenges facing blockchain analytics companies in 2025, as market volatility and shifting user behavior strain digital infrastructure businesses.
Market Conditions Add Pressure
According to the European Central Bank, crypto market capitalization fell to $2.8 trillion by March 2025, highlighting heightened volatility across the sector. Meanwhile, analytics platforms face increasing technical pressures—such as data accessibility, scalability concerns, and the difficulty of tracking a rapidly expanding number of blockchain networks.
Following the announcement, the RADAR token dropped 38%, with DappRadar stating that updates regarding its token and DAO structure will be communicated separately. The team emphasized transparency and invited community feedback as part of the wind-down process.
A Gap in the Analytics Landscape
DappRadar’s exit leaves a notable void among multi-chain analytics providers. While competitors like Chainalysis and single-network explorers remain active, DappRadar stood out for offering a cross-chain perspective on decentralized applications and market trends.
As the digital asset ecosystem continues to evolve—despite a market valuation surpassing $4 trillion in 2025—the shutdown raises questions about the long-term viability of analytics-driven business models amid rising infrastructure costs and the dominance of trading-focused revenue streams.
