DappRadar closes 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 historic pillars. This time, it is DappRadar that falls. After seven years of faithful service, the emblematic DApp platform is closing its curtains. A farewell that leaves a void, a sense of unfinished business, and a RADAR token crashing in flight. The downfall of this reference tool sounds as a warning for the entire Web3 ecosystem.

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

Created in 2018, at the time of CryptoKitties and wild decentralization dreams, DappRadar was much more than an analysis site. It was a beacon in the turmoil of Web3. DeFi , NFT, GameFi: the platform covered everything, watching blockchains like a satellite orbiting a new world.

In September 2019, it raised $2.33 million . In 2021, again with a $4.94 million ticket. The ambition was clear: offer exhaustive, credible, real-time data on more than 50 blockchains.

But numbers alone are not enough to keep a ship afloat.

Saying goodbye is very hard. I am grateful to everyone who made this journey possible. 

Skirmantas Januškas, co-founder

If DappRadar was long a reference, it was also because its data was used by Bloomberg, Forbes, and the BBC. But even stars die. And Web3, itself, has changed.

Fatal orthodoxy? Why DappRadar may have shot itself in the foot

While meme coins explode and airdrops turn into jackpots, DappRadar stayed steadfast. A giant catalog. Ultra-technical categories. No room for buzzwords. The result? An increasingly distant audience.

The platform remained too faithful to its crypto-native DNA. It missed the turns: gamification, Web3 marketing, TikTok communities.

Even its RADAR token, launched after 2021, never found a real use. Apart from some Pro subscriptions or staking, nothing to propel it. Result: -30% in the hours following the closure announcement, with a price at $0.00065 as these lines are written.

The DAO itself remains active. But DappRadar specified :

The DAO is independent from the platform, and discussions about its future are still ongoing. More clarity will come via the channels dedicated to the DAO, thank you for your patience while updates are prepared. 

Specialization is a strength, unless it becomes a straitjacket. And in a market evolving at the speed of light, staying still is already moving backward.

Crypto crash, RADAR tsunami: the market forgives nothing anymore

Closures follow one after another: eXch, Mango Markets, X2Y2… DappRadar is not an isolated case, just the latest in a long list. The year 2025 is tough for decentralized tech.

The macroeconomic environment weighs heavily. The crypto market capitalization fell to 2.8 trillion dollars in March 2025. Between exploits, hacks, and regulations, confidence wavers.

Even giants wobble. The number of incidents linked to DeFi security exploded this year. DappRadar itself warned: growth without robust security can cause setbacks.

The end of DappRadar is a message. Web3 projects must choose: evolve or disappear.

Key numbers and facts to remember

• The RADAR token lost 30% at announcement, dropping to $0.00065;
• DappRadar raised $7.27 million between 2019 and 2021;
• The platform analyzed over 50 blockchains;
• It covered NFT, DeFi, gaming, AI, RWA, social sectors;
• Other major closures: eXch, X2Y2, Mango Markets.

While the crypto market plunges into a spiral of extreme fear, bitcoin sharply declines, dragging the whole sector. In this unstable climate, DappRadar’s closure illustrates the general withdrawal: less capital, more doubts. Yet, despite the shocks, the lines still move. Web3 continues, battered but standing, to carve its path.