Zapper to shut down on August 3 after nearly seven years

Zapper will cease operations on August 3, closing its website, mobile apps and API services after nearly seven years in the market. CEO Seb Audet said the company explored multiple options before concluding that an orderly wind down was the best path, and later suggested weak market demand was a key factor, writing that “at the end of the day, the market decides.” The shutdown adds Zapper to a growing list of crypto platforms closing as market sentiment remains weak and venture funding, while still available, has become more concentrated. RootData data showed crypto venture funding rose 57.6% year-on-year to $4.21 billion in the second quarter, but total deal count has fallen in nine of the past 10 quarters, pointing to a tougher fundraising environment for smaller or consumer-facing projects. Founded in 2019, Zapper gained early traction after winning one of Kyber’s DeFi Hackathon events and later raised a $1.5 million seed round. It followed that with a $15 million Series A in May 2021 led by Framework Ventures, with participation from Mark Cuban, Coinbase Ventures and Ashton Kutcher-founded Sound Ventures. Traders used the platform to track token prices, monitor wallets and DeFi positions, manage liquidity pools and yield farms, and spot potential airdrops. At its peak, Audet said Zapper had more than 2 million monthly active users and processed more than $13 billion in transactions. The company also faced setbacks, including an April 2025 social engineering attack that briefly hijacked its domain and redirected users to a phishing page.