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Just saw that DL News is shutting down at the end of May. Pretty wild considering it was launched back in 2022 as the news arm of DeFiLlama. Apparently there was some major internal drama at DeFiLlama in early 2023 that basically separated them, but they kept the brand going anyway.
Here's the thing though - DL Research (their research division) actually did pretty well, hitting 270% revenue growth in 2025 and pulling in over seven figures annually. They had solid clients too. But the news side just couldn't make it work. The crypto media space got absolutely brutal, subscriptions stopped working, and then AI just destroyed everything with search distribution and spam aggregators everywhere.
They started laying people off mid-April and apparently told everyone on May 1st it was done. Rough timing for the whole DeFiLlama ecosystem honestly. The media landscape really has been collapsing for crypto outlets lately.