DappRadar, one of the most widely used Web3 analytics platforms, has shut down after seven years, citing a financially unsustainable market environment. The closure affects over 1 million monthly users, developers, journalists, and researchers who relied on the platform’s cross-chain data.

The company confirmed that blockchain indexing and related services will be discontinued in the coming days.

Founders Skirmantas Januškas and Dragos said DappRadar was created in 2018 when decentralized applications were just emerging. Inspired by the popularity of early projects such as CryptoKitties, they built the platform to help users interpret blockchain activity across multiple networks.

The team said it had survived both bull and bear markets, but the current conditions made long-term operation impossible.

The founders noted that real-time tracking for nearly 100 blockchains required increasing storage, compute, and engineering investment. The cost of maintaining a global analytics operation became incompatible with current market activity and available revenue channels.

DappRadar became a widely cited data source in Web3, supporting developers, investors, research institutions, and media outlets with insights into decentralized applications, NFTs, and protocol-level activity.

The platform’s final metrics included:

These indicators highlight the scale of the platform’s role in Web3 analytics.

The end of operations raises questions about the future of the RADAR token and the DappRadar DAO, both of which operate independently from the core company.

The founders said updates will be published through DAO channels, leaving token holders waiting for clarity on governance processes, treasury management, and any potential continuation of token utility.

The closure underscores the broader challenges in blockchain analytics. Indexing decentralized applications across dozens of networks requires sophisticated infrastructure that generates high operational expenses.

As blockchain ecosystems expand, analytics platforms must process more transactions, more protocols, and more chains. Without consistent inflows from enterprise clients or recurring revenue, maintaining such infrastructure remains difficult.

The loss of DappRadar creates a data gap for the industry. Developers building new dapps, researchers analyzing trends, and journalists reporting on Web3 market movements may now need to rely on alternative platforms.

The founders expressed hope that new builders will “carry the torch forward,” although no information has been shared regarding open-sourcing the platform’s code, APIs, or datasets.