Key facts
- DeFi analytics platform Zapper will shut down on August 3.
- The platform was founded in 2019 and received backing from Mark Cuban.
- CEO Seb Audet indicated falling demand as a reason for the closure.
- Zapper reached over 2 million monthly active users and processed over $13 billion in transactions at its peak.
- The company experienced a social engineering attack in April 2025.
Decentralized finance (DeFi) analytics platform Zapper announced it will cease operations on August 3, following a seven-year run. CEO Seb Audet stated in a post to X that the decision for an orderly wind-down was made after evaluating various options. While specific reasons were not detailed, Audet hinted that falling demand, as determined by the market, played a role in the shutdown.
Zapper's closure adds to a growing list of crypto platforms folding amid a market downturn and reduced venture capital funding. Similar platforms like Cardano-based TapTools and Bitcoin-focused Botanix have also recently shut down, citing weak demand. Other crypto entities, including Dmail and NFT marketplaces Nifty Gateway and Rodeo, have also ceased operations this year.
Founded in 2019, Zapper gained prominence by winning a DeFi Hackathon, which led to a $1.5 million seed round. In May 2021, the company raised $15 million in a Series A funding round led by Framework Ventures, with participation from Mark Cuban, Coinbase Ventures, and Sound Ventures. At its peak, Zapper served over 2 million monthly active users and processed more than $13 billion in transactions, enabling traders to track prices, manage DeFi positions, and discover protocols.
Despite its success, Zapper faced challenges, including a social engineering attack in April 2025 that temporarily compromised its domain. The broader crypto venture capital landscape has also become more concentrated, with deal counts declining significantly over the past two and a half years, despite an increase in overall funding in the second quarter.