- Zapper CEO Seb Audet announced on July 8 that the platform will wind down, with its website, mobile apps and APIs closing on Aug. 3.
- The dashboard peaked at 2 million monthly active users and processed more than US$13 billion (AU$18.72 billion) in transactions, according to company figures.
- Zapper follows DeFi lender Radiant Capital, which began winding down in June, as established crypto platforms continue to close.
DeFi dashboard and portfolio tracker Zapper will shut down on Aug. 3, CEO and co-founder Seb Audet said on July 8, ending close to seven years of operation for one of the sector’s best-known portfolio tools.
“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 wrote in a post on X. He gave no specific reason for the closure. Pressed on it in replies, he wrote: “At the end of the day, the market decides.”
Founded in 2019, Zapper lets users track holdings across wallets and chains from a single dashboard. At its peak, the platform served 2 million monthly active users and processed more than US$13 billion (AU$18.72 billion) in transactions, according to company figures. Audet did not share current usage numbers in the announcement.
Related: Farage’s Undisclosed Benefactor: Convicted Fraudster Tied to Crypto Gambling Site
Shutdown Timeline and Migration
The zapper.xyz website, mobile apps and API services all close on Aug. 3, and the Zap feature, which bundled multi-step DeFi transactions into a single action, stops working the same day.
Users have until then to move their portfolio tracking elsewhere, and developers with API integrations will receive transition support by email, the company said.
Zapper’s exit adds to a run of closures among established DeFi platforms this year.
Lending protocol Radiant Capital began winding down in June after determining that recovery was no longer achievable with its remaining resources, 18 months on from a US$50 million (AU$72 million) hack across its Arbitrum and BNB Chain deployments in October 2024. Ctrl Wallet has scheduled its own shutdown for the same day Zapper goes dark.
Audet closed the announcement with a farewell to the platform’s users. “It’s been an incredible honor building Zapper for all of you,” he wrote. “The journey of a lifetime.”
Related: Vitalik’s Ethereum Roadmap: A Near-Total Rebuild Is Coming, and It’ll Take Years
Be the first to comment