DappRadar shuts down after 7 years as crypto funding slumps and RADAR token drops 30%

DappRadar, a leading platform for tracking decentralized applications, NFTs, and blockchain games across more than 90 blockchains, has shut down after seven years of operations. The announcement landed with a mix of shock and inevitability. After spending years as one of Web3’s most-trusted data sources, the Lithuania-based startup is turning off the lights. The news arrived just as the team revealed a major technical milestone — an industry-first cross-chain staking mechanism they had been quietly building for months — giving the moment an even heavier weight for longtime users and builders who relied on the platform.

The shutdown marks the end of a company that helped shape how people tracked decentralized applications, NFT activity, blockchain games, and DeFi across dozens of chains. Even during the toughest cycles, DappRadar maintained visibility into trends long before they hit mainstream conversation. But the pullback in crypto funding and thinning user activity eventually caught up with its business, sending its RADAR token down 30% after the announcement.

The founders broke the news on X in a message that reflected both exhaustion and pride: “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.”

“After seven years, it’s time to say goodbye,” DappRadar founders Skirmantas & Dragos announced in a post on X.

DappRadar Shutting Down: A Look Back at the Web3 Data Giant’s Impact and Final Innovations

Launched in 2018, DappRadar quickly became a fixture in Web3, tracking everything from early DeFi experiments to the rise of blockchain gaming and the NFT boom. At its peak, the platform recorded 24 million daily active wallets earlier this year, cementing its role as a reference point for developers, investors, analysts, and journalists. For many, it was the default window into how decentralized applications were performing across more than 90 blockchains.

That context makes today’s update feel bittersweet. Just hours before the shutdown post went live, DappRadar unveiled a new cross-chain token staking system that lets users claim staking rewards on any chain, no matter where they staked their RADAR. The idea was to strip out the high fees that often push costs out of reach for everyday users and replace them with a consistent APR across networks. The team described it as an open-source mechanism built to remove friction and allow cost-conscious users to participate without bridging assets or paying Ethereum’s high gas fees.

DappRadar said the staking upgrade was meant to reflect its long-held belief that the future of blockchain is multichain, cross-chain, and interoperable. The mechanism was built to work anywhere RADAR launches, extending beyond EVM chains and keeping the user experience consistent across environments. But despite the progress on the technical side, the financial reality around running a data platform of this size left the company with few choices.

Founded by Skirmantas Januskas and Dragos Dunica, DappRadar grew into a platform tracking more than 3,000 dapps across 45+ blockchains and serving an audience of over a million monthly users. Its data has been cited worldwide, used in research papers, and relied upon by developers trying to understand how new applications were landing with users. Even now, the Web3 community is posting tributes, sharing the ways DappRadar shaped their projects, their research, or their market outlook.

As part of the shutdown, the team said they’ll begin ending platform services in the coming days. “Regarding the DAO and the RADAR token, this will be communicated separately through the usual DAO channels,” the founders wrote, adding that they want the community to be part of those decisions.

There’s a sense of finality in the message, but also a quiet hope that someone will pick up where they leave off. “The mission to help people explore and understand decentralized applications shouldn’t end here. The Web3 space still needs a home for discovery, and we hope someone will fill that gap and carry the torch forward.”

For an industry that often moves on quickly, DappRadar leaves behind a footprint that’s hard to replace.

Read the full announcement below

“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.

When we started back in 2018, the space was still at the beginning. A few early dapps, a few curious builders, and a lot of open questions about where decentralized applications might go. Inspired by CryptoKitties, we built DappRadar to help people discover and understand this new world.

We’ve been through bull markets and bear markets. We’re proud to have helped millions of users discover dapps, do research, and learn through our content. We worked with hundreds of blockchains and thousands of developers and projects. Our data was cited by journalists, used in research papers, and shared in languages across the world.

Blockchain can often feel chaotic, and our mission was to make it more understandable and trustworthy. As we step away, we do so knowing we did the right things, stayed true to our principles, and were a net positive to this industry.

In the coming days, we’ll start winding down the platform and as part of this process, we’ll stop tracking blockchains and dapps and begin shutting down associated services.

Regarding the DAO and the RADAR token, this will be communicated separately through the usual DAO channels. There are still decisions to be made, and we want the community to be part of that discussion.

The mission to help people explore and understand decentralized applications shouldn’t end here. The Web3 space still needs a home for discovery, and we hope someone will fill that gap and carry the torch forward.

To our community, our partners, our investors, and everyone who believed in us: thank you for your trust, your feedback, your patience, and your energy. You made this journey memorable.

Skirmantas & Dragos
DappRadar Founders”

DappRadar Team