Zapper pulls the plug on 7-year DeFi dashboard run 📉

Decentralized finance analytics platform Zapper will shut down its website, mobile app and API services on Aug. 3, ending a seven-year run that drew backing from billionaire investor Mark Cuban in 2021, CEO Seb Audet said Wednesday in a post on X.

"We evaluated a number of different options, pursued some to the fullest extent possible, and came to the realization that an orderly wind down is the best course of action," Audet said. While Zapper did not disclose the reasons behind the closure, Audet hinted in a subsequent response that falling demand was to blame, stating: "At the end of the day, the market decides." Cointelegraph said it reached out for comment but did not receive an immediate response.

Founded in 2019, Zapper gained early traction after winning a Kyber DeFi Hackathon event later that year, which helped it raise a $1.5 million seed round. The platform followed up with a $15 million Series A funding round in May 2021 led by Framework Ventures, with participation from Cuban, Coinbase Ventures and Sound Ventures, the firm co-founded by actor Ashton Kutcher. Crypto traders used Zapper to track token prices, monitor DeFi positions, manage liquidity pools and yield farms, and discover upcoming airdrops.

Audet said the Zapper team scaled the product to more than 2 million monthly active users and processed more than $13 billion in transactions at its peak. The platform has faced setbacks, including a social engineering attack in April 2025 that let attackers temporarily hijack Zapper's domain and redirect users to a phishing page.

Zapper joins a growing list of crypto platforms that have closed this year amid depressed market sentiment and tighter venture capital funding. Cardano-based analytics platform TapTools said it would shut down in June, Bitcoin DeFi platform Botanix followed a week later citing weak demand, and decentralized email service Dmail, SBI's crypto unit and NFT marketplaces Nifty Gateway and Rodeo have also wound down operations. According