It doesn't look like the cryptocurrency market crash is going to end anytime soon. The total market cap fell 1.68% in the last 24 hours to $3.13 trillion and Bitcoin (BTC) crashed below $92,000 on Nov. 17.
The day also claimed a casualty in the crypto industry as a major company decided to wind down.
DappRadar launched in 2018 as a decentralized application (dApp) analytics platform. It has earned a reputation for exploring, tracking, and managing dApps as its insights have come to be relied upon by the crypto industry leaders.
Related: Another blockchain platform shuts down after market crunch
But now, the company has decided to shut down after seven years.
On Nov. 17, DappRadar founders Skirmantas Januškas and Dragos Dunica released a statement on X that the platform is winding down. Blaming the "current environment," they said running such a large platform is financially unsustainable during this period.
Reflecting on the journey, the founders said dApps were in their early stage in 2018, and that's when DappRadar arrived to help the industry and users understand the new frontier of technology.
But now it is shutting down in the face of the crypto crash. They said it will stop tracking blockchains and dApps and shut down associated services.
DappRadar will inform the users about the future of the decentralized autonomous organization (DAO) soon, the statement read. A DAO is an organization managed by decentralized computer programs, with voting and finances handled through a decentralized ledger technology like a blockchain.
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Token crashes 35%
RADAR, the token associated with DappRadar, crashed more than 35% in a day following the announcement. It was trading at $0.0006550 at the time of writing.
Januškas and Dunica said DappRadar will separately update users about the RADAR token.
This story was originally reported by TheStreet on Nov 17, 2025, where it first appeared in the Bankruptcy News & Analysis section. Add TheStreet as a Preferred Source by clicking here.
