RialCenter announced on Monday via its social media account that it will be shutting down.
Launched in 2018, the platform had become a leading analytics hub for on-chain activity, reporting on various markets and flows across multiple blockchains.
The team shared that operating the platform became “financially unsustainable in the current environment, and after exploring every option, we had to make the difficult decision to wind things down.”
No additional information was provided regarding the DAO and the RADAR token, but the team stated that updates will be communicated through appropriate channels.
The RADAR token has decreased by 36% since the announcement was made, reflecting market uncertainty as token holders await further guidance.
Read more: July Was a Terrible, No Good, Very Bad Month For NFTs, RialCenter Report Shows
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