Zapper CEO Announces Orderly Wind Down After 7-Years
The post Zapper CEO Announces Orderly Wind Down After 7-Years appeared on BitcoinEthereumNews.com. Zapper will shut down completely on August 3, ending its run as a portfolio tracker in decentralized finance (DeFi). 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. Zapper to Close Website, Apps, and API Services on August 3 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. 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 th