DappRadar shuts its doors, the RADAR token collapses by 30%

The crypto industry is going through a storm, yet another one. This kind of cyclone spares no one, especially not the historical pillars. This time, it's DappRadar that falls. After seven years of good and loyal service, the iconic DApp platform is closing its curtains. A farewell that leaves a void, a taste of unfinished business, and a RADAR token that crashes mid-flight. The descent into hell of this reference tool sounds like a warning for the entire Web3 ecosystem.

In brief

DappRadar ceases its activities after seven years, citing increasing financial difficulties despite its fundraising.

The RADAR token drops by 30%, reaching 0.00065 $ shortly after the official announcement of the withdrawal.

Over 50 blockchains analyzed, including the NFT, DeFi, AI, GameFi, and RWA sectors.

The DappRadar DAO remains active, without clear direction, internal discussions are currently ongoing.

From NFTs to DAOs: DappRadar, 7 years observing Web3 from the stars

Founded in 2018, during the era of CryptoKitties and crazy dreams of decentralization, DappRadar has been much more than an analysis site. It was a beacon in the tumult of Web3. DeFi, NFT, GameFi: the platform covered it all, scrutinizing blockchains like a satellite surveying a new world.

In September 2019, it raised $2.33 million. In 2021, it was repeated with a ticket of $4.94 million. The ambition was clear: to provide comprehensive, credible, and real-time data on over 50 blockchains.