Zapper will wind down operations after nearly seven years, shutting down 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 be 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 an orderly shutdown was the best path forward.
Zapper was launched on May 1, 2020, after DeFiSnap and DeFiZap joined forces. The original product combined DeFiSnap’s portfolio dashboard with DeFiZap’s one-click investing tools, giving users one place to monitor and manage DeFi holdings.
That proposition became especially relevant during 2020’s yield farming boom, as users moved through protocols, liquidity pools, farms and wallets at a pace that made easy portfolio visibility difficult. Zapper became one of the leading consumer dashboards at the time, later adding swaps, farming tools, protocol integrations, and multi-chain support.
At its peak, Audet said Zapper served more than 2 million monthly active users and processed transaction volume of more than $13 billion.
The company also received support from venture capital firms 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 stated its ambition to build a broader homepage for DeFi.
Zapper later tried to move beyond portfolio tracking. Zapper V2 has repositioned the product as a Web3 exploration tool, mapping activity between 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-provided data interpretation and a planned ZAP utility token.
The closure marks the end of one of DeFi’s most recognizable user-facing apps. The core of Zapper was that crypto needed better interfaces, not just more protocols.