CoinMarketCap CEO Offers ‘Helping Hand’ As DappRadar Winds Down

• DappRadar is ceasing operations after seven years, citing “financial unsustainability.”
• The platform’s native token, RADAR, plunged 34% to $0.0006 as traders exited positions.
• CoinMarketCap’s CEO offered a potential lifeline, though no official deal is confirmed.

DappRadar, a leading Web3 analytics platform, has officially announced it is shutting down. The company cited “financial unsustainability” as the primary reason for ending its seven-year operation. The announcement immediately triggered a sell-off in its native RADAR token.

“After seven years, it’s time to say goodbye,” DappRadar noted on X.

Why Is DappRadar Closing After Seven Years?

The platform, a staple of the DeFi sector since 2018, will stop providing real-time analytics in the coming days. The team confirmed they will begin winding down the platform immediately. This process includes sto…

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