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DappRadar to Shut Down After Seven Years, Citing Financial Strain

The announcement leaves tokenholders awaiting guidance through unspecified DAO channels.

Overview

  • Services will stop in the coming days as the platform ceases tracking blockchains and dapps.
  • Founders Skirmantas Januškas and Dragos Dunica said operating at this scale became financially unsustainable.
  • The RADAR token fell about 30% after the news, with the price touching roughly $0.00067.
  • Treasury records indicate about $1.6 million in assets with 97% in RADAR and around $46,000 in stablecoins, implying roughly three months of runway at recent burn rates.
  • Founded in 2018, the service tracked 18,111 dapps across 93 blockchains and operated in a field that includes DeFiLlama and Dune Analytics.