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TapTools

avoid.net/taptools→38/100·78% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

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Summary

TapTools was Cardano's largest on-chain analytics platform, serving over one million users with token price tracking, DeFi monitoring, portfolio tools, and a data API used by hundreds of third-party Cardano projects since its 2022 launch. In June 2026, the platform announced it would wind down operations within two weeks after losing five senior executives — including both co-founders, its COO, its CTO, and a backend developer elevated to act as CTO — in the span of roughly one year. The shutdown, occurring alongside the closure of JPG Store (Cardano's largest NFT marketplace) and the cancellation of Cardano Summit 2026, contributed to a 10–30% ADA price decline and prompted Cardano founder Charles Hoskinson to warn of a broader 'wave of failures' across the ecosystem.

Connected Entities

1 entities
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□TapTools
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    Have evidence about TapTools?

    Timeline(8 events)

    2022

    TapTools launches on Cardano, providing token analytics, DeFi data, and portfolio tracking tools.

    crypto.news

    2026

    Both co-founders, the COO, and CTO depart TapTools within a short window. A backend developer is elevated to acting CTO.

    CoinTelegraph

    23 April 2026

    JPG Store, Cardano's largest NFT marketplace, enters restriction mode — disabling new listings, offers, loans, and minting.

    TokenPost

    23 May 2026

    JPG Store permanently closes all marketplace functionality.

    BeInCrypto

    31 May 2026

    Cardano community governance vote fails to reach the required two-thirds supermajority to fund the 2026 Cardano Summit in Singapore; the event is cancelled.

    CoinDesk

    3 June 2026

    TapTools announces it will wind down operations within two weeks after the acting CTO (the fifth senior departure) resigns. Cardano founder Charles Hoskinson posts 'I'm taking a break. TTYL' to X and warns of a 'wave of failures' in the ecosystem.

    CoinDesk

    4 June 2026

    ADA price falls below $0.20 for the first time in over five years.

    CoinDesk

    6 June 2026

    ADA price reaches $0.16, representing approximately 30% weekly decline and 70-75% year-over-year decline. Cardano social dominance hits a 2026 high of 0.52% amid community alarm.

    CoinDesk
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain15 Wayback Archives

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 15 of 15 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 7/25/2026, 11:21:59 PM

    last updated: 7/27/2026, 5:41:20 PM

    3 views

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