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DappRadar Shuts Down After Seven Years Citing Financial Unsustainability
Yahoo Finance· 2025-11-17 19:55
Company Overview - DappRadar announced its closure after seven years of operation due to financial unsustainability, with the RADAR token dropping approximately 30% following the announcement on Nov. 17 [1][2] - The platform tracked 18,111 decentralized applications (dapps) across 93 blockchains and served around 500,000 monthly users as of March 2025 [3] Funding and Financials - DappRadar raised a total of $7.33 million across two funding rounds, including a $2.33 million seed round in September 2019 and a $5 million Series A round in May 2021, with investors such as Prosus and Lightspeed Venture Partners [4] - The DappRadar DAO treasury holds total assets of $1,602,289, with RADAR tokens making up 97% of the treasury holdings [5] - The treasury has recorded approximately $163,000 in stablecoin outflows through November 2025, indicating a monthly operational burn rate of around $15,500, providing approximately three months of runway at the current spending rate [6] Industry Context - The dapp analytics space includes competitors like DeFiLlama and Dune Analytics, with DeFiLlama operating as a TVL aggregator [7] - Recent operational challenges have affected multiple crypto services, including Stream Finance, which suspended withdrawals following a significant loss [7]
X @CoinMarketCap
CoinMarketCap· 2025-11-10 08:49
Web3 Gaming Activity - Web3 gaming accounted for nearly 28% of all DApp activity in October, marking its strongest share this year [1] Project & Studio Status - At least 27 Web3 games and studios have closed in 2024 alone [1] - MoonfrostGame is transitioning to a traditional Steam title, while introducing Frost Arcade to maintain crypto integration for on-chain players [1] Regulatory & Platform Updates - YouTube's new gambling policy will not ban crypto/NFT gaming content, ensuring the safety of GameFi creators [1]
X @Bitget Wallet 🩵
Bitget Wallet 🩵· 2025-08-01 15:30
Zora Ecosystem Overview - Zora is highlighted as a platform for posting, minting, and trading culture [1] - Bitget Wallet is mentioned as a tool for interacting with Zora [1] User Growth & Token Performance - $ZORA token experienced a 700% increase in the last 30 days [1] - The platform gained 300 thousand new users in the last 7 days [1] Technology & Platform - The report focuses on the top DApp (Decentralized Application) on @base, with Zora being a key component [1] - The report maps out the @zora ecosystem, recent moves, and ways to get involved, including tools, tokens, and apps [1]