[DL News, the Crypto Media Arm of DeFiLlama, Announces Closure by End of May] Crypto media outlet DL News has announced its impending closure. DL News stated that it was launched in 2022 as the news division of DeFiLlama, with the intention of becoming a profitable business; however, this goal was not achieved. DL News revealed that a major internal conflict occurred within DeFiLlama in early 2023, leading to DL News effectively separating from its parent company, though it retained its name and branding. Meanwhile, the media landscape has deteriorated sharply, making traditional subscription models unsustainable. The research division, DL Research, launched in 2024, achieved 270% revenue growth in 2025, with annual sales surpassing seven figures and a client base that includes several leading crypto companies.