Popular DeFi dashboard and portfolio tracker Zapper is shutting down, according to an announcement on Wednesday.
"After close to 7 years building Zapper, I regret to announce that Zapper will be winding down," Seb Audet, CEO and co-founder of Zapper, wrote in an X post. "We evaluated a number of different options, pursued some to the fullest extent possible, and came to the realization that an orderly wind down is the best course of action."
The move comes amid a wave of closings across crypto, even impacting projects like Zapper that had gained legitimacy and a user base. Once popular NFT marketplace Nifty Gateway, Bitcoin Layer 2 Botanix, and major Cosmos wallet Leap, among dozens of others, have all called it quits, often citing market conditions and lack of traction.
Zapper was founded in 2019 as a DeFi portfolio tracker that enabled users to monitor their various positions across liquidity pools and yield farms and keep track of their claimable rewards. It also offered a Zap feature that made it easy to deploy complex DeFi strategies, and later added DEX aggregation, NFT support, and other web3 social tools, including a Farcaster client.
According to Audet, Zapper scaled to 2 million monthly active users and over $13 billion in processed transactions at peak volume.
