After seven years, blockchain and app knowledge website DappRadar has introduced that it’s shutting down.
Describing the prices of operating its platform as being “financially unsustainable in the current environment, and after exploring every option”, co-founders Skirmantas Januškas and Dragos Dunica stated that they “had to make the difficult decision to wind things down”.
The end result might be that the DappRadar platform, its related companies such because the portfolio tracker and airdrop tracker might be shut down. After all, the uncooked knowledge monitoring exercise on dozens of blockchains and tens of hundreds of apps may also halt within the coming days.
Launched in 2018 in the beginning of the Ethereum app growth, Lithuania-based DappRadar raised round $8 million in funding, primarily from a $5 million collection A spherical in 2021.
It additionally launched its RADAR token in late 2021, which was used to entry its Professional account in addition to run a DAO.
The corporate founders add that choices across the RADAR token and the DAO nonetheless have to be made however that “we want the community to be part of that discussion”.
