DappRadar’s digital token lost about 30% of its value after the company announced plans to close its operations.
The price fell to $0.00072 after the news, according to data from Nansen.
The platform’s founders, Skirmantas Januškas and Dragos Dunica, shared the decision in a post on X. They explained that the service, which tracks activity across decentralized applications, could no longer continue due to financial strain.
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They added that blockchain and DApp tracking would stop soon as the shutdown process begins.
The team said more details will be shared later about what will happen to the RADAR token and the project’s decentralized autonomous organization. No specific timeline or plan has been given yet.
In its second-quarter 2025 report, DappRadar noted that decentralized finance had shown steady recovery and strong growth in total value locked.
However, the team also warned that increasing losses from exploits threatened the industry’s progress. DappRadar said in its report:
DeFi remains a core pillar, backed by strong TVL growth and price recovery, even as funding cools. But the surge in exploit-related losses is a stark reminder that growth without robust security can set the space back.
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