DeFi portfolio tracker Zapper will shut down on August 3rd

Zapper, the DeFi portfolio tracker, announced through its CEO Seb Audet that after nearly 7 years of operation, the company has decided to shut down completely. The official website, mobile applications, and API services will go offline on August 3rd. Founded in 2019, Zapper once had 2 million monthly active users at its peak and processed over $1.3 billion in transaction volume. Zapper previously secured a $15 million Series A round led by Framework Ventures, with participation from Mark Cuban. Seb Audet stated that the company believes an orderly shutdown is the best option at this time.