The DeFi portfolio tracker once handled $13 billion in transaction volume and 2 million monthly users before deciding an orderly wind-down was its best option.
Zapper, the DeFi portfolio tracker and dashboard, will shut down entirely on August 3rd, co-founder and CEO Seb Audet said in a post on X Wednesday. The company’s website, mobile apps and API services will all go offline.
Audet said the team “evaluated a number of different options, pursued some to the fullest extent possible,” before concluding that an orderly wind down is the best course of action. Existing API users will receive transition guidance by email, he said.
Seven-Year Run
Zapper launched in 2019 as a simple portfolio tracker Audet built for himself while exploring early DeFi, before scaling into a broader dashboard for tracking liquidity pools, yield farms and claimable rewards. At its peak, the platform served more than 2 million monthly active users and processed over $13 billion in transaction volume, according to Audet.
The company raised a $1.5 million seed round in early 2020 after winning a Kyber DeFi hackathon, then closed a $15 million Series A in May 2021 led by Framework Ventures, with participation from Mark Cuban and Ashton Kutcher’s Sound Ventures. The Defiant covered Zapper’s growth in 2021 and again in 2022 as it expanded into NFTs and web3 social tools.
Audet said he is fielding interest in hiring the Zapper team, describing them as having “deep onchain engineering expertise” and operational experience running a product at scale.