DappRadar, a prominent platform in the decentralized application (dapp) analytics space, has officially announced its closure after seven years of operations. The announcement, made on November 17, highlights financial unsustainability as the primary reason for shutting down its services.
Following the news, the RADAR token experienced a significant drop, plummeting approximately 30% within hours of the announcement. At the time of the closure declaration, RADAR was trading at $0.00067.
Founded in February 2018 amid the excitement surrounding the CryptoKitties phenomenon, DappRadar grew to track over 18,000 dapps across 93 different blockchains. According to data from March 2025, the platform served around 500,000 monthly users, demonstrating its popularity in the rapidly evolving blockchain landscape.
Throughout its existence, DappRadar secured $7.33 million across two funding rounds, consisting of a $2.33 million seed round in September 2019 and a $5 million Series A in May 2021. Notable investors included Prosus and Lightspeed Venture Partners. The company was headquartered in Kaunas, Lithuania, and employed between 11 and 50 staff members.
In terms of financial health, DappRadar”s DAO treasury reported total assets of $1,602,289. Of these, RADAR tokens represented approximately 97%, valued at $1,554,802. The treasury also included about $46,162 in USDT stablecoins and a small amount of Ethereum. Analysis of the treasury records indicated a monthly operational burn rate of around $15,500, implying that the current stablecoin reserves would sustain operations for roughly three additional months.
The closure of DappRadar raises questions about the broader dapp analytics ecosystem, which includes competitors like DeFiLlama and Dune Analytics. Recent months have seen operational challenges for various crypto services, emphasizing the volatile nature of this industry.
The end of DappRadar”s operations marks a significant shift in the landscape of dapp discovery and blockchain analytics. As the industry continues to evolve, the challenges faced by platforms like DappRadar may serve as a cautionary tale for other companies navigating these turbulent waters.
Disclaimer: The information presented in this article is intended for informational purposes only and should not be construed as financial or investment advice. Always perform your due diligence and consult with a professional before making investment decisions.
