The encrypted data platform DappRadar announced its shutdown due to financial difficulties

The encrypted data website DappRadar posted on social media, "After seven years, it's time to say goodbye," announcing that the platform will shut down:

"We have made the difficult decision to close the DappRadar platform. In the current environment, it has become challenging to achieve financial sustainability for a project of this scale. After exhausting all possibilities, we had to make this tough choice.

When we started in 2018, this field was still in its infancy. There were few early decentralized applications, and the number of explorers was limited, with many questions about the future of decentralized applications still unanswered. Inspired by Cryptokitties, we created DappRadar to help people explore and understand this new world.

We have navigated through bull and bear cycles together. We are proud to have helped millions of users discover decentralized applications, conduct research, and continue learning through our content. We have established partnerships with hundreds of blockchains, thousands of developers, and projects. Our data has been cited by journalists, appeared in research papers, and spread globally in various languages.

The blockchain field often appears chaotic, and our mission has been to make it more understandable and trustworthy. As we turn to leave, we are confident that we have adhered to the right direction, upheld our principles, and injected positive energy into the industry.

Recently, we will begin the process of winding down the platform, including stopping the tracking of blockchain and decentralized application data and gradually shutting down related services. Regarding the DAO and RADAR token matters, further information will be communicated through regular DAO channels. There are still important decisions pending, and we look forward to the community participating in discussions. The mission to help people explore and understand decentralized applications should not stop here. The Web3 field still has beacons to explore, and we hope someone will take up the torch and continue moving forward."