DappRadar Shuts Down After 7 Years: Financial Unsustainability Ends Web3 Data Tracking Platform

DappRadar shutdown has sent shockwaves through the Web3 community, with the popular decentralized application (dApp) analytics platform announcing its closure after seven years of operation. Founded in 2018 by Skirmantas Januškas and Dragos Dunica, DappRadar tracked over 18,111 dApps across 93 blockchains and served 500,000 monthly users, becoming a go-to resource for DeFi, NFT, and gaming insights. The decision, revealed on November 17, 2025, via X, cites financial unsustainability in the current market environment as the primary reason.

The Announcement: “After Seven Years, It’s Time to Say Goodbye”

DappRadar’s co-founders posted on X: “After seven years, it’s time to say goodbye. We’ve made the difficult decision to shut down the DappRadar platform.” Services will cease “in the coming days,” with the team exploring options for the platform’s DAO and RADAR token in separate updates. The closure follows a broader wave of Web3 shutdowns, including eXch, X2Y2, and Mango Markets, amid funding droughts and regulatory pressures.

Januškas and Dunica reflected on the journey: “Inspired by CryptoKitties, we created DappRadar to help people explore and understand decentralized apps.” The platform’s mission—to provide a “guiding light” for Web3 discovery—will now pass to others, as the founders hope “someone will take up the torch and continue moving forward.”

• Launch Year: 2018; tracked 45+ blockchains initially.
• Peak Users: 500,000 monthly; 18,111 dApps across 93 chains.
• Shutdown Timeline: Operations end soon; DAO/RADAR updates pending.

Financial Challenges: $15,500 Monthly Burn and Declining Revenue

DappRadar’s closure stems from mounting financial pressures, with a $15,500 monthly burn rate and only three months of stablecoin runway remaining. Despite raising $7.33 million in funding, the platform struggled in the bear market, where crypto funding slumped 70% year-over-year. The DAO treasury holds $1.6 million, 97% in RADAR tokens that plunged 30% post-announcement to $0.00067, erasing $500,000 in value.

The team explored all options but concluded “running a platform of this scale became financially unsustainable in the current environment.” This echoes industry trends, with data providers facing ad revenue drops and user migration to free alternatives.

• Burn Rate: $15,500/month; 3 months runway.
• Funding Total: $7.33M raised.
• RADAR Token: -30% to $0.00067; DAO treasury $1.6M.

DappRadar’s Legacy: From CryptoKitties to Web3 Analytics Pioneer

Launched in 2018 amid the CryptoKitties boom, DappRadar quickly became indispensable for tracking DeFi experiments, NFT surges, and blockchain gaming. It aggregated metrics to help users avoid rugs and analyze trends, cited in research papers and relied on by developers. At its peak, it monitored 3,000+ dApps across 45+ blockchains, serving a million monthly users and shaping Web3 discovery.

The shutdown leaves a void, as no single platform matches its breadth. Tributes poured in, with users sharing how DappRadar informed their projects and market outlooks. “A big blow to DeFi,” one analyst noted, highlighting the need for diversified data sources.

Broader Web3 Shutdown Wave: eXch, X2Y2, and Mango Markets

DappRadar’s end is part of a 2025 wave of closures:

• eXch: Privacy exchange shut in May amid regulatory scrutiny after a February hack.
• X2Y2: NFT marketplace closed in Q3 due to low volume.
• Mango Markets: DeFi protocol wound down after exploits.

Funding slumps and regulatory hurdles have claimed dozens of projects, with 70% of 2024 startups failing to raise Series A.

What Happens Next? DAO and RADAR Token Future

Details on the DAO and RADAR token will follow, with the team inviting community input. Token holders await clarity on distributions or migrations, as the $1.6 million treasury (97% RADAR) hangs in balance. The closure underscores Web3’s maturation pains, where data platforms struggle for profitability despite user bases.

In summary, DappRadar shutdown after 7 years ends a Web3 analytics era, citing financial unsustainability amid $15,500 monthly burns and 30% RADAR drop—leaving a gap for the next discovery torchbearer.