Zapper will wind down operations after nearly seven years, closing one of the better known consumer apps from DeFi’s first major growth cycle.
Co-founder and CEO Seb Audet said Zapper’s services will shut down completely on August 3, including zapper.xyz, its mobile apps, and API services. Existing API users will receive transition guidance, according to the announcement.
The company said it evaluated several options before deciding that an orderly shutdown was the best path forward.
Zapper launched on May 1, 2020, after DeFiSnap and DeFiZap joined forces. The original product combined DeFiSnap’s portfolio dashboard with DeFiZap’s one click investment tools, giving users a single place to monitor and manage DeFi positions.
That proposition became especially relevant during the 2020 yield farming boom, when users were moving across protocols, liquidity pools, farms, and wallets at a pace that made simple portfolio visibility difficult. Zapper became one of the main consumer dashboards for that moment, later adding swaps, farming tools, protocol integrations, and support for multiple chains.
