Zapper Shuts Down: $13B Peak Volume Not Enough for Sustainable DeFi

Zapper, a decentralized finance (DeFi) asset manager, has announced its plans to shut down after nearly seven years of operation. The platform processed over $13 billion in transaction volume at its peak and attracted over 2 million active monthly users.

Despite this strong user adoption, the company was unable to establish a sustainable business model due to intensified competition that narrowed its profit margin.

Zapper's co-founder and CEO, Seb Audet, acknowledged that the platform fell short of its mission to make DeFi more accessible. The shutdown highlights the growing importance of sustainable revenue over venture funding in the DeFi sector.