DappRadar, a once widely used platform for tracking decentralized applications, announced via its X account on Monday that it will be shutting down.
Launched in 2018, the platform has become one of the most prominent analytics hubs for on-chain activity, reporting on everything from NFT markets to DeFi flows across dozens of blockchains.
The team shared that running the platform “has become financially unsustainable in the current environment, and after exploring every option, we had to make the difficult decision to shut things down.”
As far as the DAO and RADAR tokens are concerned, the team did not share any additional information about what will happen, but said that decisions surrounding them will be communicated through the appropriate channels.
According to CoinMarketCap, the RADAR token has declined by 36% since the announcement was shared on Monday, reflecting market uncertainty as token holders await further guidance.
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