DL News, the news division of crypto data platform DefiLlama, is closing its doors after facing significant challenges in the media industry. Launched in 2022, DL News aimed to provide a balanced perspective on crypto journalism, avoiding both mainstream condescension and excessive promotion. Despite a successful commercial arm, DL Research, which saw a 270% revenue growth in 2025, the publication struggled with declining traffic and the impact of AI on search distribution. The decision to close was made in April, with operations ceasing by the end of May.