On November 18, RADAR price is down by 37%, following DappRadar’s shutdown announcement due to financial issues. However, there might still be hope for the platform, as CMC and other players in the industry have shown support.
DappRadar is a blockchain analytics platform founded in 2018 by Skirmantas Januškas and Dragos Dunica that allows the exploration of dApps across more than 90 chains.
RADAR Price Action
At the moment of writing this article, RADAR is trading above $0.00065, with a market cap of over $625,500. The digital asset is down by 37% in the past 24 hours.
RADAR’s price decline debuted on November 17 when the digital asset’s market cap was over $1 million. The downward trajectory was triggered by DappRadar’s shutdown announcement.
DappRadar Could Shut Down After 7 Years of Activity
In an official announcement via X, the platform revealed that, after seven years of activity, it’s shutting down operations as it has become financially unsustainable in the current environment.
The team highlighted that the project started in 2018 when the space was still at the beginning, and it was inspired by CryptoKitties. DappRadar was created to help people discover and understand the Web3 world.
DappRadar remained active through bull markets and bearish times, helping millions of users discover dApps, do research, and learn. The project worked with hundreds of blockchains and thousands of developers, and its data was cited by journalists, used in research papers, and shared in languages all over the world.
DappRadar stayed true to its mission and principles, bringing positive changes to the industry.
The team behind the project stated that it will stop tracking blockchains and dApps and begin shutting down operations and associated services.
Regarding the DAO and RADAR, more details will be communicated.
The project stated that Web3’s mission should continue and offered its gratitude to the community, partners, investors, and everyone who believed in it.
After seven years, it’s time to say goodbye. pic.twitter.com/QGfRRe6Gts
— DappRadar (@DappRadar) November 17, 2025
CMC Offers Help, Amidst Huge Community Support
Following the platform’s announcement, which came amidst intense market volatilty, the crypto community has shown support for the project, offering to help.
CoinMarketCap shared a message via X early morning on November 18, highlighting that DappRadar’s contributions to the ecosystem over the past 7 years are second to none. The team behind the market tracker also shared a message from its CEO, Rush Lu, who asked if there’s anything they can do to keep DappRadar around, and asked the team to check his DM.
Is there anything we can do to keep you around? Can you check my DM. Thanks! https://t.co/090z5S9vft
— Rush (@RushCMC) November 17, 2025
Despite Volatilty, the Crypto Community Remains United
DappRadar’s announcement came amidst a very volatile crypto market, which has been plagued by huge FUD, sell-offs, liquidations, and other troubles lately. The Fear and Greed index is currently 15, pointing to Extreme Fear.
However, the crypto community continues to remain united in such difficult times, showing strong support for important players who have built valuable products in Web3. The community has asked for help from Coinbase and other platforms to keep DappRadar alive.
Maybe CMC or other important names in the ecosystem will be able to support DappRadar and prevent its shutdown.
CMC was founded in 2013 and became the world’s most trusted source of crypto data, used by the US government. In 2020, the platform was acquired by Binance, but it continues to work independently.
Such an important platform in the ecosystem has the necessary means to help DappRadar, especially since the team behind CMC understands its efforts, honest work, and important contributions in Web3.
