Zapper Ceo Announces Orderly Wind Down After 7-Years
- Zapper will shut down completely on August 3, ending its run as a portfolio tracker in decentralized finance (DeFi).
- The CEO said that at its peak, the platform served more than 2 million monthly active users and processed over $13 billion in transaction volume.
- The project also drew heavyweight backing in its early years.
- According to CryptoRank data, Zapper raised $16.5 million across two rounds, both led by Framework Ventures.
What Happened
Co-founder and CEO Seb Audet announced the decision on X, saying the team weighed several options before concluding that a controlled wind-down made the most sense.
“After close to 7 years building Zapper, I regret to announce that Zapper will be winding down. 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,” the post read.
Audet also used the announcement to help his engineers and operations staff find new roles.
The post Zapper CEO Announces Orderly Wind Down After 7-Years appeared first on BeInCrypto.
Market Context
The CEO said that at its peak, the platform served more than 2 million monthly active users and processed over $13 billion in transaction volume.
“This is a team that scaled a product to millions of users and $13B in transaction volume, with deep onchain engineering expertise alongside ops people who know how to build and run things at scale,” he said.
Why It Matters
Zapper will shut down completely on August 3, ending its run as a portfolio tracker in decentralized finance (DeFi).
Zapper to Close Website, Apps, and API Services on August 3
Details
The project also drew heavyweight backing in its early years. According to CryptoRank data, Zapper raised $16.5 million across two rounds, both led by Framework Ventures.
The Series A closed in 2021, raising $15 million with participation from Sound Ventures and Mark Cuban. The earlier seed round landed $1.5 million in 2020, backed by Coinbase Ventures, CoinFund, CoinGecko Ventures, and more.
Audet framed the closure as “the best course of action.”
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What Happens to Users and the Team
The shutdown covers the zapper.xyz website, Zapper’s mobile apps, and its API services. Existing API users will receive an email to guide the transition.
The closure lands during a wider retreat across crypto. Ctrl Wallet is winding down on the same August 3 date, part of a broader wave of shutdowns in 2026.
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