Encrypted media DL News will shut down at the end of this month

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On May 8th, DL News announced that it was launched in 2022, initially operating as a news business under DefiLlama, positioned as a professional media platform to avoid traditional media biases against the cryptocurrency industry and the “mindless hype” tendency of crypto media. DL News originally planned to develop into a profitable business, but as the media environment worsened, traffic for crypto and tech media sharply declined, and with AI accelerating search traffic collapse and content aggregation, its business model faced enormous pressure.
Although its commercial research division, DL Research, saw a 270% year-over-year increase in revenue in 2025, with annual sales surpassing seven figures and serving several top crypto companies, it was still not enough to offset the overall operational pressure. DL News began layoffs in mid-April and officially notified employees on May 1st that it would shut down at the end of the month. The team stated that DL News had published multiple major exclusive reports and frequently received legal threats due to its reporting content, but believed that these efforts were “meaningful and worthwhile.”

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