DappRadar, the blockchain analytics platform that has tracked decentralized applications since 2018, announced that it will shut down permanently after seven years, citing ongoing financial unsustainability as the reason. The company said it would handle the future of its DAO and RADAR token separately, and co-founders Skirmantas and Dragos framed the decision as an operational closure rather than a broader end to on-chain data demand. The shutdown matters because DappRadar became one of the most widely used sources for dapp usage, wallet activity, and sector-level reporting during the growth of Web3, especially from the CryptoKitties era onward. Its exit also highlights the pressure on crypto analytics businesses to monetize in a market where usage can remain sizable while funding, revenues, and investor appetite weaken; the immediate market reaction was a sharp drop in RADAR’s price following the announcement.

AI-generated background, compiled from web sources — not editorial content.

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NFT trading volumes collapse over 60% in February to $1.36B, deepening losses from January's 26% decline amid ongoing crypto market downturn, says DappRadar analyst Sara Gherghelas.

NFT trading volumes collapse over 60% in February to $1.36B, deepening losses from January's 26% decline amid ongoing crypto market downturn, says DappRadar analyst Sara Gherghelas.

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