Quick Takeaways:
- DappRadar announced a full shutdown after seven years of operations.
- RADAR token plunged nearly 30% after the news.
- The platform will soon stop tracking blockchains and DApps.
DappRadar Confirms Full Platform Closure
DappRadar, one of crypto’s leading DApp analytics platforms in crypto space, is shutting down after seven years of operation. The founders announced the decision on X, saying the platform can no longer sustain its financial demands. They stated that tracking blockchains and DApps will stop “in the coming days” as the shutdown begins.
Founders Cite Financial Unsustainability
Co-founders Skirmantas Januškas and Dragstated that Unicaa said the cost of maintaining a platform had become too high. They added that more updates will follow regarding the future of the RADAR token and the DappRadar DAO.
RADAR Token Drops 30% After Announcement
The shutdown immediately impacted the platform’s native token. RADAR plunged nearly 30%, falling to around $0.00072, according to Nansen data. The decline reflects concerns over token utility and the uncertainty surrounding DAO operations.
DappRadar’s Broader Industry Role
Since its establishment in 2018, DappRadar has become a cardinal information source for crypto users, investors, and analysts. The platform tracked DApp activeness across major blockchains and regularly reported on exploits, market drift, and ecosystem murder. It covered major incidents like the $100 million Balancer exploit and monitored the on-chain of mountains datum power point for t
Security Risks Continue to Challenge DeFi
In its recent research, DappRadar highlighted rising security threats in the DeFi sector. It cited a high-profile Hyperliquid exploit earlier this year, where a whale allegedly made millions through a manipulation strategy. The team warned that stronger security must accompany DeFi growth.
2025 Sees Multiple High-Profile Crypto Shutdowns
DappRadar at once joins a legion of crypto weapons platforms closing in 2025. Former shutdowns include exchange eXch, NFT marketplace X2Y2, and decentralized rally Mango Markets. Industry psychologists say the trend reflects a lack of financial backing and increased operational costs.
Uncertain Future for RADAR and the DAO
The founders said they will release separate guidance on how DappRadar’s token and DAO will be handled. Users are waiting for clarity on asset management, governance transitions, and whether RADAR will retain any future utility.