DappRadar, the analytics platform that provides data on the decentralized application (DApp) industry, said it is ceasing operations seven years after it launched.
In a Monday X post, DappRadar founders Skirmantas Januškas and Dragos Dunica said they would be winding down the platform. The pair said that “running a platform of this scale became financially unsustainable in the current environment,” and said it plans to stop tracking blockchains and DApps “in the coming days” as it begins to shut down.
The notice said the platform would communicate separately regarding how it would handle its native RADAR token and its decentralized autonomous organization (DAO). The token price fell about 30% immediately following the shutdown announcement, reaching about $0.00072 at the time of publication, according to data from Nansen.
Coinpectra reached out to DappRadar for comment, but had not received a response at the time of publication.
Related: DeFi TVL hits record $237B as daily active wallets fall 22% in Q3: DappRadar
One of the most significant incidents related to decentralized exchange infrastructure occurred in March, when analytics reported a whale had made millions of dollars using an exploit on Hyperliquid.
“DeFi remains a core pillar, backed by strong TVL growth and price recovery, even as funding cools,” said DappRadar in a blog reporting on the second quarter of 2025. “But the surge in exploit-related losses is a stark reminder that growth without robust security can set the space back.”
Significant analytics platform for the crypto industry
Launched in 2018, DappRadar has grown to become a significant source of information for many in the crypto and blockchain industry, providing analyses of incidents like the $100 million exploit of decentralized exchange Balancer and tracking developments among DApps.
Other notable closure announcements from 2025 include the shuttering of cryptocurrency exchange eXch, non-fungible token marketplace X2Y2, and decentralized exchange Mango Markets.
Magazine: 2026 is the year of pragmatic privacy in crypto: Canton, Zcash and more
This is a developing story, and further information will be added as it becomes available.