Zapper is closing up shop. The DeFi dashboard and portfolio tracker announced it’s shutting down after seven years of operation.
The team called it the “best course of action” in their announcement. Zapper started as a portfolio tracker and grew into a full-featured DeFi dashboard. It raised a $15 million Series A led by Framework Ventures back in May 2021, when DeFi was red hot and everyone needed a way to track their positions across multiple protocols.
But times have changed. The DeFi landscape got more competitive, user behavior shifted, and running a dashboard aggregator in a bearish market is tough. No word yet on what happens to user data or whether the code goes open source.
It’s the end of an era for one of DeFi’s early UI pioneers.
