DappRadar, an analytics platform providing data for the decentralized application (DApp) industry, announced that it will cease operations after seven years of being online.
In a post on X on Monday, DappRadar founders Skirmantas Januškas and Dragos Dunica stated that they will gradually shut down the platform. They mentioned, "Operating a platform of this scale is financially unsustainable in the current environment," and indicated that the platform plans to stop tracking blockchain and DApps in the "coming days" as the shutdown process begins.
The announcement stated that the platform will issue a separate notice on how to handle its native token RADAR and its decentralized autonomous organization (DAO). According to Nansen data, the token's price immediately dropped by about 30% following the shutdown announcement, and as of the time of writing, it was approximately $0.00072.
Cointelegraph has reached out to DappRadar for comment but has not received a response at the time of publication.
In March of this year, a significant incident related to decentralized exchange infrastructure occurred, with analysis showing that a whale profited millions of dollars by exploiting a vulnerability in Hyperliquid.
DappRadar stated in its Q2 2025 report blog: "Despite the cooling of funding, DeFi remains a core pillar, with TVL growth and price recovery providing support. However, the surge in losses related to exploits serves as a stark reminder: growth without strong security could set the entire sector back."
Since its launch in 2018, DappRadar has grown to be an important source of information in the crypto and blockchain industry, providing analysis on events such as the $100 million exploit of the decentralized exchange Balancer and tracking the development dynamics of the DApp ecosystem.
Other notable shutdowns in 2025 include the cryptocurrency exchange eXch, the non-fungible token (NFT) marketplace X2Y2, and the decentralized exchange Mango Markets.
Related: Upbit operator Dunamu reports a third-quarter profit of $165 million, a year-on-year increase of over 300%.
Original: “DappRadar's token price plummets after the platform announces shutdown”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
