Dune Analytics

The amount of invention and creativity happening in crypto is head-spinning.  Countless projects, protocols, apps, tokens, and communities are launching, layering, merging, forking and growing every day.  It’s a lot to keep up with.

Fortunately, blockchains are (mostly) public data sources, and the historical ledger of addresses and transactions is a treasure trove of data, just waiting to be unpacked and explored.  However, in its raw form, blockchain data is kind of like binary code: great for machines but tough for humans. What’s needed is not only a data platform that can convert it to a more useful form, but also a community of analysts that can give it meaning.

Enter Dune Analytics.  Dune is a community platform for making meaning out of crypto data.  The core Dune platform ingests raw blockchain data, and the amazing community of Dune Wizards turns that data into queries, charts and dashboards.  

Dune and the Dune community are not just focused on trading and token price data. While these are surely important areas, the beauty of Dune is the ability to go far, wide and deep.  Curious about functional elements like gas costs? Wondering how much Uniswap volume has migrated from v2 to v3, or how much ETH has been burned as a result of EIP-1559, or what the breakdown of the Mirror community looks like?  Answers to each of these questions, and many, many more, are being developed by the Dune community every day.

We are just beginning to explore the transparency and real-time disclosure that are possible with crypto.  In Finance 1.0, disclosures are buried in quarterly 10-Qs and other reports.  In crypto, P&Ls of major financial systems are inspectable in real-time — for example here is MakerDAO’s real-time P&L represented in Dune:

In Web 2.0, platform metrics are kept inside of proprietary databases and Google Analytics.  In crypto, they are viewable and inspectable in real-time, on-chain, and understandable via Dune. Further, beyond a single project or protocol, entire categories can be comparatively tracked in real-time.  For example, here is what the NFT marketplace category looks like as of today:

Most critically, Dune is community-driven, composable and extensible, just like crypto.  Projects can create their own project pages via a simple pull request.  Anyone can create, reuse and remix queries, charts and dashboards.  Crypto is moving faster every day, and the only way to keep up with it all is to leverage crypto’s core primitives: community and composability.  Whatever is going on, now and in the future, you can be sure that someone is using Dune to help themselves, and the world, develop an understanding of it.

We are thrilled to partner with co-founders Fredrik and Mats in the Dune Series A, alongside a slate of friends including Redpoint, Multicoin and Dragonfly.   And, of course, Dune is hiring.

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