Crypto media outlet DL News announced that it will be shutting down at the end of this month.

**DL News to Shut Down End-May Amid Crypto Media Headwinds** (May 8) — DL News announced Monday it will close operations by the end of May, wrapping up the crypto-focused media platform launched in 2022 as a new business under DefiLlama. Originally positioned as a professional outlet to avoid traditional media’s bias against the crypto industry and crypto media’s “mindless shilling” tendency, DL News had targeted profitability. However, a deteriorating media landscape—including sharp traffic drops for crypto/tech outlets, AI-fueled search traffic collapses, and content aggregation—strained its business model drastically. While its research arm, DL Research, posted 270% year-over-year revenue growth in 2025 (topping seven figures annually and serving top crypto firms), the division’s gains failed to offset overall operational pressure. DL News began layoffs in mid-April and formally notified employees on May 1 of the closure. The team noted it published major exclusive reports and faced frequent legal threats from coverage, but called the work “meaningful and worthwhile.”