Zapper, the popular DeFi dashboard and portfolio tracker, will wind down its operations after about seven years in the crypto industry.

 

"After close to seven years building Zapper, I regret to announce that Zapper will be winding down," said Seb Audet, co-founder and CEO. "We evaluated a number of different options, pursued some to the fullest extent possible, and came to the realization that an orderly wind down is the best course of action."

 

Before its decision to shut down, Zapper allowed users to track and visualize assets, liabilities, NFTs, and DeFi positions, including staking, liquidity pools, and loans, across multiple blockchains in real time. According to Audet, Zapper served more than 2 million monthly users and processed more than $13 billion in peak transaction volume.

 

Zapper's shutdown will be completed on August 3, with the team discontinuing all of its services, including zapper.xyz, its mobile apps, and its API services. The team also said it will send an email to existing API users to help with the transition.

 

Zapper's decision to shut down comes shortly after crypto exchange AscendEX wrapped up its operations, citing regulatory pressure and its failure to obtain authorization under the European Union's Markets in Crypto Assets, or MiCA, regulation, which fully took effect on July 1, 2026.

 

The AscendEX team also cited financial and operational challenges, stating that users will no longer be able to open accounts, deposit assets, trade, swap, stake, lend, or participate in referral or promotional campaigns. Account access will remain available only for limited offboarding purposes.

 

The shutdowns of Zapper and AscendEX come amid a broader wave of closures across the crypto industry. Since the start of the year, approximately 70 to 75 crypto projects and firms have either shut down or filed for bankruptcy.

 

Last month, blockchain protocol Radiant Capital shut down after failing to recover from an exploit it suffered months earlier. Tether also discontinued its Alloy platform, citing low user activity and weak market demand. Binance also shut down its NFT marketplace.