Usually wouldn’t repost things like this, and although the tone is very toxic, there are some points raised that i feel need addressed
- Zapper is not purely focused on DeFi portfolio tracking anymore, this market is very small and hard to monetize on its own. All of Debank, Zerion and us realized this early on.
- Zapper is a data company first and foremost. Indexing DeFi gave us the tools and knowledge to build more generalized indexing solutions. There are probably 2-3 companies out there that have similar real-time data and indexing capabilities. (Prices, DeFi, Transactions, NFTs, etc…)
- We have 80k MAUs with very high user retention 4 years into a bear market
- We had our best month of revenue ever in April, almost being profitable, mostly due to our growing API business
- API business which serves some of the largest exchange aggregators, AI agents, portfolio trackers, exchanges, etc…
- We are STILL investing heavily in DeFi indexing, we’ve just had a different approach where we rather try and fail experiments to index every position automatically than just manually integrate everything. I totally agree that we are behind competition here, but it’s simply due to a short term vs long term trade-off
- If Zaps were that important, where are they now? If the market asked for them that much, someone would have capitalized. Reality is that they were a power tool for a totally different market (dual side LPing + yield farming)
- We have a new wallet coming out that has a completely new spin on what wallets can be (social)
- Some of the points are a dig on trying out new experiments, totally disagree. Most experiments will fail
- We’re still here building 5 years later
Imagine being @zapper_fi:
- You were early to the "DeFi portfolio" thing
- Somehow fumbled the bag to @DeBankDeFi
- Decided to ship several variants of useless NFT, because why not?
- Decided to ship a FriendTech clone, and bury it after the trend is gone and traction is close to none
- Never double-down on your other early edge, the portfolio and zap features.
Fast forward years later:
- Still can't do YOUR BASIC FUCKING JOB: fecth and process all positions: every time I check one of my wallet on Zapper, I feel like I am poor because several positions (not necessarily exotic) are missing (insane example for now: @zapper_fi can't fetch data about @CurveFinance veCRV or @AerodromeFi veAERO locks, must be too "exotic" for them)
- Tried to focus on NFTs to make up for it, but even here it sucks compared to NFT-specific tools
- Nobody uses Zap anymore
- Chat is deader than dead
- Team focusing on some social feed bullshit no one cares about
- Trying to sell their API: who the fuck is paying for that shit when Debank is light years ahead in terms of coverage?
- They are now building a wallet? Because they didn't ship enough half-baked product already?!
Jack of all trades, fumbler of all. Can you think of a bigger potential waste in DeFi than Zapper? I think it ranks amongst the top. The team cannot focus and must always chase some perceived trend: 5 years of pretty much constant fumbling past the first one.
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