Zapper's app, website, and API shut completely on August 3. A decade ago, the DeFi dashboard served 2M monthly users and processed $13B in volume.
Alpha Score of 31 reflects weak overall profile with moderate momentum, poor value, weak quality. Based on 3 of 4 signals – score is capped at 90 until remaining data ingests.
The portfolio tracker will close its app, website, and API services on August 3 after once serving millions of monthly users.
Zapper will wind down operations after nearly seven years, closing one of the better known consumer apps from DeFi's first major growth cycle.
Co-founder and CEO Seb Audet said Zapper's services will shut down completely on August 3, including zapper.xyz, its mobile apps, and API services. Existing API users will receive transition guidance, according to the announcement.
The company said it evaluated several options before deciding that an orderly shutdown was the best path forward.
Zapper launched on May 1, 2020, after DeFiSnap and DeFiZap joined forces. The original product combined DeFiSnap's portfolio dashboard with DeFiZap's one click investment tools, giving users a single place to monitor and manage DeFi positions.
That proposition became especially relevant during the 2020 yield farming boom. Users were moving across protocols, liquidity pools, farms, and wallets at a pace that made simple portfolio visibility difficult. Zapper became one of the main consumer dashboards for that moment, later adding swaps, farming tools, protocol integrations, and support for multiple chains.
At its peak, Audet said Zapper served more than 2 million monthly active users and processed more than $13 billion in transaction volume.
The company also attracted venture backing during DeFi's early expansion. In 2021, Zapper raised a $15 million Series A led by Framework Ventures, with participation from Mark Cuban and Ashton Kutcher's Sound Ventures. At the time, the company framed its ambition as building a broader homepage for DeFi.
Zapper later tried to expand beyond portfolio tracking. Zapper V2 repositioned the product as a Web3 exploration tool, mapping activity across NFTs, DAOs, DeFi apps, portfolios, and other accounts. In 2024, the company introduced Zapper Protocol, a plan to make onchain data more readable through community supplied data interpretation and a planned ZAP utility token.
The shutdown marks the end of one of DeFi's most recognizable user facing apps. Zapper's core bet was that crypto needed better interfaces, not just more protocols.
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