The well-known encryption data platform DappRadar announced its shutdown due to financial difficulties, and the future plan for the RADAR Token is yet to be determined.

BlockBeats news, on November 17, renowned encryption data website DappRadar posted on social media “After seven years, it’s time to say goodbye,” announcing that the platform will shut down: "We have made the difficult decision to close the DappRadar platform. In the current environment, it has become difficult to achieve financial sustainability for a project of this scale. After exhausting all possibilities, we had to make this tough choice. When we started in 2018, this field was still in its infancy. There were few early decentralized applications, and the number of explorers was limited, with many questions about the future of decentralized applications still unanswered. Inspired by Cryptokitties, we created DappRadar to help people explore and understand this new world. We have traversed the bull and bear cycles together. Proudly helping millions of users discover decentralized applications, conduct research, and continuously learn through our content. We collaborated with hundreds of blockchains, thousands of developers, and projects. Our data has been cited by journalists, appeared in research papers, and disseminated globally in various languages. The blockchain field is often chaotic, and our mission is to make it more understandable and trustworthy. As we turn to leave, we are confident that we have adhered to the right direction, maintained our principles, and injected positive energy into the industry. Recently, we will initiate the winding down of the platform, including stopping the tracking of blockchain and decentralized application data and gradually shutting down related services. Regarding DAO and RADAR token matters, further announcements will be made through regular DAO channels. There are still important decisions pending, and we look forward to community participation in discussions. The mission to help people explore and understand decentralized applications should not stop here. There are still beacons to explore in the Web3 field, and we hope someone can take up the torch and continue forward.