Zapper Shuts Down Amid Weak Demand in Crypto Sector

Zapper, a well-known DeFi portfolio tracking platform, is shutting down on August 3, 2026. The decision was made by CEO and co-founder Seb Audet, who cited weak demand as the reason for the closure.

Zapper reached its peak in May 2021 with 2 million monthly active users and processed over $13 billion in transactions during that time. The platform allowed users to connect crypto wallets to track DeFi positions, monitor liquidity pools, manage yield farms, and stay on top of upcoming airdrops.

This is not an isolated incident, as several other crypto platforms have closed in 2026, including Cardano analytics platform TapTools, Bitcoin DeFi platform Botanix, NFT marketplaces Nifty Gateway and Rodeo, SBI's crypto unit, decentralized email service Dmail, and Cosmos wallet Leap.

Audet acknowledged the platform's original mission was to make DeFi more accessible, stating 'I do believe we helped make the onchain economy easier to use for a considerable number of people.'