Svmuu reported that crypto media outlet DL News announced it will shut down at the end of May. DL News was founded in 2022 as the news division of DefiLlama and separated from DefiLlama in early 2023. It launched its commercial division, DL Research, in 2024, which saw revenue grow 270% in 2025, with annual sales exceeding seven figures.
Due to declining traffic in the crypto and tech media sector, as well as AI changing search and distribution models, the outlet failed to achieve commercial scalability. The team initiated layoffs in mid-April and officially notified employees on May 1st of the decision to close by the end of this month.