Zapper Shuts Down Amid Broader Crypto App Collapse

Zapper, a nearly seven-year-old DeFi portfolio tracking and onchain discovery product, will shut down its website, mobile apps, and API services on August 3. The move is part of a wider trend in the crypto space where consumer-facing apps are struggling to stay afloat due to tough market conditions.

At its peak, Zapper served over 2 million monthly active users and processed more than $13 billion in transaction volume. The company raised $15 million in Series A funding in 2021, with Framework Ventures leading the round and participation from Mark Cuban and other backers.

The shutdown reflects a tougher market for consumer-facing crypto apps, with dashboards and social-style onchain apps facing weaker monetization, higher data costs, and harder retention as users spread across more chains, wallets, and execution venues.