DappRadar, a globally renowned decentralized application (dApp) data platform, has announced its closure after seven years of operation, citing its inability to sustain itself financially amid a prolonged market squeeze. The announcement, published on November 17, indicates that the entire blockchain and dApp data tracking system will soon cease operations, while the future of the RADAR Token remains undecided and will be discussed by the DAO community in the coming time.
DappRadar Chia that when the project launched in 2018, the dApp world was still in its infancy. After the CryptoKitties craze, the founding team wanted to build a tool that would help users explore, research, and gain insight into the murky field of Capital applications. In seven years of operation, the platform has grown into one of the most cited data sources in the industry, partnering with hundreds of blockchains and thousands of developers, and helping millions of users learn about Web3.
However, maintaining operations at scale amid rising infrastructure costs, coupled with declining investment Capital in the crypto market that has lasted since 2022, has made it impossible for DappRadar to continue operating. The decision to close, according to the project team itself, was made after all rescue options failed.
– a globally renowned decentralized application (dApp) data platform – has just announced its closure after seven years of operation, citing its inability to sustain itself financially amid a prolonged market tightening period. The announcement, posted on November 17, shows that the entire blockchain and dApp data tracking system will soon cease operations, while the future of the RADAR Token is still undecided and will be discussed by the DAO community in the coming time.
DappRadar Chia that when the project launched in 2018, the dApp world was still in its infancy. After the CryptoKitties craze, the founding team wanted to build a tool that would help users explore, research, and gain insight into the murky field of Capital applications. In seven years of operation, the platform has grown into one of the most cited data sources in the industry, partnering with hundreds of blockchains and thousands of developers, and helping millions of users learn about Web3.
