DeFi Platform Zapper to Wind Down Operations on Aug. 3

Zapper, a DeFi dashboard platform, will wind down operations and discontinue its services on Aug. 3 after the company decided against continuing the business following a review of available options.

The shutdown will affect Zapper’s website, mobile applications, and API services. The company said existing API users will receive guidance on transitioning away from the platform.

Co-founder and CEO Seb Audet said Zapper did not achieve its original objective of helping drive wider adoption of decentralized finance. The company is now supporting its team members in pursuing new opportunities.

Founded as a tool for tracking and managing DeFi activity, Zapper raised $15 million in a 2021 Series A funding round led by Framework Ventures, with participation from investors including ParaFi Capital and Coinbase Ventures.

Source: Zapper