DappRadar, a prominent platform for tracking decentralized applications (DApps) across various blockchains, will be shutting down its operations after seven years. Founders Skirmantas Januškas and Dragos Dunica announced the decision on Monday via the social media platform X, citing that maintaining a platform of its magnitude has become financially unviable in the current market conditions.
The platform intends to halt its tracking of blockchains and DApps in the immediate future. The team has indicated that further communications will be issued regarding the handling of its native RADAR token and its decentralized autonomous organization (DAO).
Following the shutdown announcement, the price of the RADAR token experienced a significant decline, dropping by approximately 30% and reaching around $0.00072. DappRadar has not yet provided specific details concerning its plans for the token or the DAO structure, and did not respond to requests for comment.
DappRadar's Role in the DApp Ecosystem
Launched in 2018, DappRadar played a crucial role in providing analyses and insights into major events within the decentralized application space. The platform tracked significant incidents, including the $100 million exploit of the decentralized exchange Balancer, and monitored developments across DApps on multiple blockchains. In March, DappRadar's analytics highlighted a situation where a large holder, referred to as a whale, reportedly made millions through an exploit on Hyperliquid.
In its second quarter 2025 analysis, DappRadar reported that Decentralized Finance (DeFi) continues to be a foundational element of the blockchain ecosystem, supported by substantial growth in total value locked and a recovery in asset prices, despite a cooling trend in funding. The platform also pointed out that the significant increase in losses due to exploits served as a critical reminder that rapid growth without adequate security measures can hinder the progress of the entire space.
Broader Trends of Platform Closures
The closure of DappRadar adds to a growing list of platform shutdowns observed in 2025. This trend includes the cessation of operations for the cryptocurrency exchange eXch, the non-fungible token marketplace X2Y2, and the decentralized exchange Mango Markets, indicating a challenging environment for many blockchain-focused businesses.