The TapTools platform, which provides analytical and infrastructure solutions for the Cardano ecosystem, announced a two-week shutdown. The main reasons were the departure of key specialists, including two co-founders, the operational and technical directors, as well as high operating costs for infrastructure support.

Cardano founder Charles Hoskinson commented that the closure of TapTools reflects overall pressure on projects within the network. He warned of a possible "wave of failures" in the second half of the year that could affect DeFi protocols and other startups due to unfavorable market conditions.

The TapTools team emphasized that it remains open to offers of takeover or external financing, which would allow for the maintenance of the service. Launched in 2022, the project was one of the key tools for monitoring tokens in the Cardano network. The cancellation of the 2026 Cardano Summit in Singapore, due to lack of funding through the Treasury, is also a reminder of the current ecosystem challenges.