DappRadar Shuts Down Due to Financial Difficulties, RADAR Token Plummets

After seven years in operation, DappRadar, a prominent analytics platform for decentralized applications (dApps), has announced its closure due to financial challenges. The company’s founders, Skirmantas Januškas and Dragos Dunica, cited unsustainable operating costs as the main reason for shutting down the platform. This news has led to a significant decline in RADAR token value, dropping by 30%. The platform’s shutdown underscores the difficulty faced by crypto analytics services in a volatile market environment.