DL News, launched in 2022 as the news arm of DefiLlama, is closing at the end of May, according to DL News. Despite achieving a 270% revenue growth in 2025 and crossing seven figures in annual sales, the publication struggled with audience scale and operational alignment with DefiLlama. Internal conflicts and a deteriorating media environment, exacerbated by AI-driven changes, contributed to the decision. Lay-offs began in mid-April, marking the end of a venture that aimed to be the 'Bloomberg of crypto' but ultimately could not overcome broader industry pressures.