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Popular crypto analytics platform Zapper is going to shut down, co-founder and CEO&nbsp;Seb Audet&nbsp;<a rel="noopener noreferrer nofollow">announced</a> on July 8.Founded in 2019, Zapper is a <a href="https://1inch.com/" rel="noopener noreferrer nofollow">decentralized finance </a>(DeFi) dashboard and portfolio tracker. In a&nbsp;seed round led by Framework Ventures and Libertus Capital, the platform&nbsp;<a href="https://medium.com/zapper-protocol/zapper-closes-1-5m-seed-round-a04a8a0bd2c4" rel="noopener noreferrer nofollow">raised</a>&nbsp;a&nbsp;$1.5 million in&nbsp;2020.Zapper <a href="https://medium.com/zapper-protocol/2021-a-great-year-for-zapper-d7f06d706949" rel="noopener noreferrer nofollow">secured</a> $15 million in Series A raise at the peak of the crypto market in 2021, led by Framework Ventures and joined by <a href="https://www.thestreet.com/crypto/markets/mark-cuban-has-a-one-word-response-to-coinbase-ceo" rel="noopener noreferrer nofollow">Mark Cuban</a> and <a href="https://www.thestreet.com/crypto/news/ashton-kutcher-mila-kunis-vitalik-buterin-to-make-nft-show-about-stoner-cats" rel="noopener noreferrer nofollow">Ashton Kutcher</a>’s Sound Ventures.<a href="https://www.thestreet.com/crypto/innovation/1inch-launches-a-unified-platform-for-decentralized-finance" rel="noopener noreferrer nofollow">Related: 1inch launches a unified platform for decentralized finance</a>But the platform is shutting down after nearly seven years,&nbsp;Audet said.What began as a personal&nbsp;portfolio tracker for him turned into a popular analytics platform that&nbsp;served more than 2 million monthly active users and processed more than $13 billion in transaction volume at its peak, the co-founder said.<h3 id="trending-on-thestreet-roundtable">Trending on TheStreet Roundtable:</h3><ul><li><a href="https://www.thestreet.com/crypto/markets/saylor-pushes-back-on-bitcoin-spam-concerns" rel="noopener noreferrer nofollow">Saylor pushes back on Bitcoin spam concerns</a></li><li><a href="https://www.thestreet.com/crypto/markets/jpmorgan-sends-stark-warning-on-the-real-threat-to-bitcoin" rel="noopener noreferrer nofollow">JPMorgan sends stark warning on the real threat to Bitcoin</a></li><li><a href="https://www.thestreet.com/crypto/markets/circle-stock-slips-amid-criminal-complaint-in-major-u-s-state" rel="noopener noreferrer nofollow">Circle stock slips amid criminal complaint in major U.S. state</a></li></ul>But after&nbsp;evaluating different options, some pursued to the fullest extent possible, he recently realized that an orderly wind down is the best course of action, Audet revealed.The goal was to&nbsp;make DeFi more accessible and even if the platform failed to&nbsp;realize the mission, it succeeded in&nbsp;making the onchain economy "significantly easier to use for a considerable number of people," he added.Zapper’s services, including&nbsp;the official website, mobile apps, and API services,&nbsp;will completely shut down on Aug. 3,&nbsp;Audet informed. Existing API users will receive an email about the transition, he added.Audet also urged the crypto industry to hire developers and operations executives&nbsp;who built Zapper over the years and turned it into a popular avenue for crypto and DeFi users.<a href="https://www.thestreet.com/crypto/markets/mark-cuban-has-a-one-word-response-to-coinbase-ceo" rel="noopener noreferrer nofollow">Related: Mark Cuban has a blunt response to Coinbase CEO</a>

Mark Cuban-backed platform to shut down

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