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Zapper to Shut Down Aug. 3 After Nearly Seven Years

Zapper, a popular DeFi portfolio tracker, will cease operations on August 3rd. The platform handled billions in transaction volume and served millions of users before deciding to wind down.

AS1 NewsSource: thedefiant.io

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Zapper, a well-known DeFi portfolio tracker and dashboard, announced it will shut down all services on August 3rd. The company's website, mobile apps, and API services will go offline. The decision was made after evaluating various options, with the team concluding that an orderly wind-down was the best course of action. Zapper has been a key tool for DeFi users, managing billions of dollars in transaction volume and serving around two million monthly users. Its closure marks the end of nearly seven years of service in the decentralized finance space. The platform's shutdown may impact users who relied on it for managing their DeFi assets and tracking investments.

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The shutdown of Zapper will affect DeFi users who relied on its portfolio tracking services, but it is unlikely to impact the broader DeFi ecosystem directly.