After seven years of operation, DappRadar has announced its closure due to financial difficulties. The platform’s native token, RADAR, experienced a sharp decline following the news, dropping 34% to $0.0006 as traders reacted to the sudden shutdown. CoinMarketCap CEO stepped in, suggesting potential support for DappRadar amidst this transition, although no official agreement has been reached yet. DappRadar’s closure will mark an end to their significant role in the DeFi sector since its launch in 2018. The platform ceased providing real-time analytics effective immediately. The team is currently working to wind down operations. A detailed explanation of the process remains forthcoming, as per DappRadar’s latest statement.