DeFi analysis platform Zapper CEO Seb Audet announced on X on July 9 that Zapper's website, mobile app, and API services will shut down on August 3, ending a seven-year operation since its founding in 2019. Audet hinted that the reason for the closure was declining demand, stating that the market will make the decision; Zapper did not disclose further specific reasons.
Zapper CEO: Website, App, and API services to close on August 3
According to Audet's announcement on the X platform, Zapper's website, mobile app, and API services will cease operations on August 3, 2026. Audet stated: "We evaluated many different options, implemented some, and ultimately realized that a phased shutdown was the best course of action."
When asked about the reason for the closure, Audet implied declining demand: "Ultimately, the market will decide"; Zapper has not officially disclosed specific reasons for the shutdown.
Zapper Funding History: $1.5 million seed round in 2019, Series A led by Framework Ventures and others
According to reports, Zapper's funding history is as follows: the company was founded in 2019, later that year winning Kyber's DeFi hacking marathon, which helped raise $1.5 million in seed funding. In May 2021, Zapper completed a $15 million Series A funding round led by Framework Ventures, with participation from Mark Cuban, Coinbase Ventures, and Sound Ventures (founded by Ashton Kutcher).
Zapper ultimately had over 2 million active monthly users and managed over $13 billion in transaction volume at its peak.
Recent closures of crypto platforms
Reports indicate that Zapper's shutdown is part of a recent wave of crypto platform closures, including:
- TapTools (Cardano analytics platform): Announced closure in June 2026
- Botanix (Bitcoin DeFi platform): Closed one week after TapTools, citing weak Bitcoin DeFi demand
- SBI Crypto Division: Ceased operations this year
- Dmail (decentralized email service): Ceased operations this year, citing overall decline in NFT activity
- Nifty Gateway and Rodeo (NFT marketplaces): Ceased operations this year
- RootData: In Q2 2026, crypto VC funding increased by 57.6% year-over-year to $4.21 billion, but transaction volume declined in 9 of the past 10 quarters
According to RootData's venture capital dashboard, in Q2 2026, crypto VC funding grew 57.6% year-over-year to $4.21 billion; however, capital distribution became more concentrated, with transaction volumes declining in 9 of the last 10 quarters, making VC funding more challenging for most projects.
Additionally, in April 2025, Zapper was targeted by a social engineering attack where the attacker temporarily hijacked the platform's domain, redirecting unsuspecting users to malicious pages containing phishing traps.
FAQs
When will Zapper officially shut down, and what is the reason?
According to Zapper CEO Seb Audet's announcement on X, Zapper's website, mobile app, and API services will close on August 3, 2026. Audet implied that the reason was declining demand, stating "ultimately, the market will decide," but did not disclose specific reasons for the shutdown.
Who are Zapper's main investors?
Reports indicate that Zapper's main investors include: seed round (2019, $1.5 million) and Series A (May 2021, $15 million), led by Framework Ventures, with participation from Mark Cuban, Coinbase Ventures, and Sound Ventures (founded by Ashton Kutcher).
What is the overall trend of crypto VC funding?
According to RootData, in Q2 2026, crypto VC funding increased by 57.6% year-over-year to $4.21 billion, but capital distribution became more concentrated. Transaction volumes declined in 9 of the last 10 quarters, making VC funding a greater challenge for most projects.
