CoinMarketCap CEO Offers ‘Helping Hand’ As DappRadar Winds Down
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- 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…
Read The Full Article CoinMarketCap CEO Offers ‘Helping Hand’ As DappRadar Winds Down On Coin Edition.
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