The co-founders of the platform, Škirmantas Januškas and Dragos Dunica, announced on X that DappRadar is ceasing operations after seven years.
In a published statement, the team admitted they feel both pride in their achievements and fatigue from constant market pressure. The closure of the project means the departure of one of the most recognizable services for collecting data, ratings, and analytics on decentralized applications across various blockchain ecosystems.
Why DappRadar is leaving the market
The DappRadar team explained that continuing to operate under current market conditions has become economically unfeasible. They announced this on Monday on X. In the coming days, a phased shutdown of all tracking functions of the platform will begin, including data on blockchains and decentralized applications.
“After seven years, it’s time to say goodbye. We made the difficult decision to shut down DappRadar. Maintaining a project of this scale has simply become impossible in the current environment. We considered all options, but ultimately had to start the winding down process,” they wrote.
The post has already been viewed by more than 300,000 people. In it, the team also promised to separately announce what will happen with the RADAR token and the decentralized autonomous organization (DAO) associated with the project. There are no final decisions yet, but they stated they are ready to listen to the community’s opinion.
The token crashed after the announcement
Immediately after the news of the shutdown, the price of the RADAR token plummeted by about 40%, dropping to $0.00064, according to Nansen.
The RADAR token fell by more than 35% after the announcement of the shutdown. Source: CoinMarketCap
What will happen to the DappRadar team is still unclear. In their statement, they only expressed hope that the very idea of helping people understand and explore decentralized applications will not disappear along with the platform. Perhaps someone will pick up where they left off and continue to develop the field.
The team still believes that decentralized finance is an important element of the new financial system. Despite declining investment volumes and increasing losses from hacks, they are confident that the industry has the potential for recovery and growth.
The wave of closures in Web3 is gaining momentum
The departure of DappRadar is a significant blow to the DeFi sector. The platform collected key metrics that helped users avoid scams, analyze Web3 projects, and stay ahead of bots. But this is far from an isolated case: over the past year, large products in Web3 have been shutting down more and more often. Exchanges like eXch, NFT marketplaces including X2Y2, and DeFi protocols like Mango Markets have all closed.
The eXch platform, focused on privacy and anonymous trading, announced its full closure back in May 2025. The exchange had operated since 2021 and handled millions of dollars in trades, but did not survive the wave of criticism after the February Bybit hack. According to the investigation, several billion dollars were laundered through its protocol at that time.
See also: Japan prepares a major crypto market reform: the country is lowering taxes and introducing new trading rules
Among NFT marketplaces, X2Y2 stood out in particular. It appeared in 2022, offered low fees and tools to protect royalties. At one point, it was even called a competitor to OpenSea. Over its lifetime, the platform processed $5.6 billion in trades. But since then, the NFT market has entered a prolonged bear trend, and X2Y2 was unable to recover.
Mango Markets was previously considered one of the leading protocols for lending and derivatives trading on Solana, but in January of this year, the project was finally closed. The community vote was unanimous. After the October 2022 hack, trust could not be restored.
And this is just part of the list. In reality, many more projects closed in 2025, especially in the crypto gaming segment. This is because venture funds massively switched from Web3 to trendy topics like AI, leaving the industry without fresh money.
