DeFiLlama Acquires Bulletin to Expand Transparency Across Crypto Private Markets

Bulletin is a leading data platform focused on OTC crypto transactions and private market valuations, bringing transparency and price discovery to historically opaque segments of the digital asset ecosystem. Since inception, Bulletin has built a trusted dataset covering private trades, secondary transactions, and off-exchange activity, serving institutional investors, funds, and market participants seeking reliable insight into private market dynamics.

DeFiLlama, the leading on-chain data and analytics platform, acquired Bulletin to expand its coverage beyond public markets and on-chain metrics into crypto private markets and OTC activity. The acquisition enables DeFiLlama to integrate Bulletin’s proprietary datasets directly into its existing dashboards, allowing users to analyze private transactions alongside public prices, fundraising data, protocol revenues, and on-chain activity in a unified interface.

The combination creates a differentiated, end-to-end market intelligence platform spanning public markets, on-chain fundamentals, and private market activity. By embedding private transaction data into DeFiLlama’s widely used analytics suite, the platform materially enhances transparency, price discovery, and capital formation across the digital asset ecosystem.

This transaction underscores the increasing strategic importance of private market data as institutional participation in digital assets deepens and market participants demand more comprehensive, institutional-grade visibility across the full lifecycle of crypto assets.

Areta acted as the exclusive sell-side advisor to Bulletin, supporting the company from inception through this successful outcome and leveraging its deep expertise in crypto secondary markets and data infrastructure to execute a highly strategic transaction.