DappRadar, a prominent analytics platform, announced its closure on November 17, 2025, citing unsustainable financial conditions amid ongoing market challenges.
The shutdown highlights the volatility of crypto markets, affects data analytics across 90 blockchains, and caused a 30% drop in RADAR token value.
DappRadar Ceases Operations, Citing Unsustainable Finances
Co-founders Skirmantas Januskas and Dragos Dobre stated that running the platform had become financially unsustainable. They explored every option before deciding to wind down operations, signifying a major shift in the blockchain analytics landscape.
RADAR Token Drops 30-35% After Shutdown Announcement
The shutdown led to a 30-35% decline in RADAR token value, reflecting market concerns. Users have expressed disappointment over losing an important analytics tool, with developers urging solutions to fill the analytics gap left behind.
Market watchers anticipate potential ripple effects on blockchain analytics and data availability. The absence of DappRadar's services poses challenges in tracking DeFi and NFT trends across chains, highlighting the importance of robust analytics infrastructures.
Closure Sparks Debate on Niche Analytics Viability
Similar shutdowns, such as Nomics and TokenAnalyst, caused short-lived disruptions. DappRadar’s closure fosters debates on the sustainability of niche analytics platforms, reflecting vulnerabilities observed in past crypto analytics projects.
Experts from Kanalcoin anticipate a reevaluation of resource allocation by data services. The departure of DappRadar is viewed as a wake-up call for crypto ecosystems to develop diversified and resilient analytics solutions.
Skirmantas Januskas, Co-Founder, DappRadar, "After seven years, it’s time to say goodbye. We’ve made the difficult decision to shut down the DappRadar platform. Running a platform of this scale became financially unsustainable in the current environment, and after exploring every option, we had to make the difficult decision to wind things down."