TechFlow news, November 17 — According to an official disclosure by DappRadar, the decentralized application data platform announced it will shut down its platform services. The company stated that operating a platform of this scale has become financially unsustainable under current conditions, and after exploring various options, it has had to make the difficult decision to cease operations.
DappRadar was founded in 2018, initially inspired by CryptoKitties, aiming to help users discover and understand the decentralized application ecosystem. Over seven years of operation, the platform assisted millions of users in discovering dApps, collaborated with hundreds of blockchains and thousands of developers and projects, and its data has been cited by journalists, used in research papers, and shared globally.
The company said it will begin phasing out platform services in the coming days, stop tracking blockchains and decentralized applications, and shut down related services. Arrangements regarding the DAO and RADAR token will be communicated separately through DAO channels.
