Seven Years of Zapping: Mark Cuban-Backed DeFi Dashboard Logs Off for Good ⚡

Decentralized finance analytics platform Zapper will cease operations on Aug. 3, ending a seven-year run that at its peak served more than 2 million monthly active users and processed over $13 billion in transaction volume, co-founder and CEO Seb Audet announced on X on Wednesday. The shutdown will cover the zapper.xyz website, Zapper's mobile apps and its API services, with existing API users set to receive an email to guide the transition.

Audet said the decision followed an evaluation of multiple options. "After close to 7 years building Zapper, I regret to announce that Zapper will be winding down. 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," he wrote. In a separate response, he hinted at falling demand as a factor, stating: "At the end of the day, the market decides."

Founded in 2019 after winning one of Kyber's DeFi Hackathon events, Zapper raised a total of $16.5 million across two rounds, both led by Framework Ventures. According to CryptoRank data, the company closed a $15 million Series A in 2021 with participation from Sound Ventures, founded by Ashton Kutcher, and billionaire investor Mark Cuban, following a $1.5 million seed round in 2020 backed by Coinbase Ventures, CoinFund, CoinGecko Ventures and others. The platform allowed crypto traders to track token prices, monitor wallet positions, manage liquidity pools and yield farms, and discover new protocols and airdrops.

Zapper joins a growing list of crypto platforms that have closed in 2026 amid weak market sentiment and tightening venture capital conditions. Cardano-based analytics platform TapTools shut down in June, followed by Bitcoin-focused DeFi platform Botanix a week later citing weak demand for Bitcoin DeFi. SBI's crypto unit, decentralized email service Dmail, and NFT marketplaces including Nifty Gateway and Rodeo have also sunset operations this year amid a broader decline in NFT activity. Crypto wallet provider Ctrl Wallet is set to wind down on the same Aug. 3 date.

The closure comes as crypto VC funding has become more concentrated even as totals recover. According to RootData's VC dashboard, crypto venture funding rose 57.6% year-on-year to $4.21 billion in the second quarter, but the overall deal count has now fallen nine times over the last 10 quarters. Zapper itself suffered a setback in April 2025, when a social engineering attack allowed attackers to temporarily hijack the platform's domain and redirect users to a phishing page. Audet used his announcement to help his engineering and operations staff find new roles, writing that the team has "deep onchain engineering expertise alongside ops people who know how to build and run things at scale."