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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 @Cointelegraph
Cointelegraph· 2025-11-17 19:30
Company News - DappRadar 将在运营 7 年后关闭,原因是成本不可持续 [1] - RADAR 代币在公告发布后暴跌 [1]