Bulletin reached $140M+ in live trading interest before its DefiLlama acquisition, with WAYF on the product.
Bulletin is the first public OTC data platform for private crypto companies, built solo by founder David Mirzadeh to bring discoverability and accessibility to a fragmented, opaque market. WAYF built the MVP dashboard for listing private crypto instruments in roughly a week and a half. Bulletin went on to reach $140M+ in live trading interest before its 2026 acquisition by DefiLlama.
- $140M
- Live trading interest before acquisition
- 1.5
- Weeks to ship the first working MVP
- 2026
- Acquired by DefiLlama
I really can't speak highly enough of WAYF. Maciej, Szymon and the rest of the team did an outstanding job from start to finish and I couldn't be happier with the result. I particularly appreciated their desire to understand the key objectives of Bulletin and to build something in line with my needs and budget, without compromising on the quality and design of the product.
A private secondaries market with no discoverability, and a solo founder with a week and a half to prove it out.
David Mirzadeh, a crypto and web3 advisor, saw the core problem in the private secondaries market clearly: opacity, high transaction costs, and existing platforms that underserved crypto's unique characteristics. Buyers, sellers, and brokers had no direct, transparent way to find each other, which stifled liquidity and kept participants out of the market. Bulletin was the answer he wanted to build, and building it fell to WAYF on a founder's budget and an aggressive timeline.
Extreme programming, aimed at one deadline: a working MVP in a week and a half.
WAYF built a fully functional dashboard for listing private crypto instruments on an extreme-programming timeline, shipping the MVP within roughly a week and a half. The goal was something real enough to put in front of the market and validate the demand David had identified, with user traffic and engagement as the signal to watch.
The MVP phase fed directly into the next one: the insights it surfaced shaped how Bulletin evolved to fit what users actually needed, rather than what the original brief assumed.
An ex-Goldman Sachs advisor, who built Bulletin solo to $140M+ in live trading interest.
David Mirzadeh built Bulletin solo before its acquisition by DefiLlama in 2026. Previously at Goldman Sachs and Chief of Staff at NEAR Foundation, he brought both institutional finance discipline and deep crypto-market fluency to a platform that needed both to work.
$140M+ in live trading interest, and an acquisition by DefiLlama in 2026.
The MVP became a functional, user-friendly platform that directly addressed the discoverability and access problems David had identified in the crypto private secondaries market. Bulletin grew from that first working dashboard to $140M+ in live trading interest, and was acquired by DefiLlama in 2026.
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