Dune (formerly known as Dune Analytics) achieved unicorn status just three years after its launch. This data platform empowers users to query, extract, and visualize vast amounts of blockchain data with ease. Here’s a comprehensive guide to understanding Dune’s functionality and relevance in 2025.
Key Takeaways
- Dune is a free Web3 platform for analyzing blockchain data across multiple networks, including Ethereum, Polygon, Solana, and Binance Smart Chain.
- Its open dashboards simplify complex data into intuitive graphs and charts.
- The platform is community-driven, offering reusable queries and visualizations without registration or fees.
- Dune’s Metrics Index (launched in 2024) provides advanced adoption analytics beyond traditional metrics like TVL.
What Is Dune?
Dune is a leading Web3 data platform used by analysts, traders, and developers to research blockchain projects, NFTs, and DeFi ecosystems. Key features:
- Multi-chain support: Ethereum, Polygon, Optimism, BSC, and Solana.
- Open-source access: No paywalls or mandatory sign-ups.
- SQL-based queries: Users create custom data visualizations.
👉 Explore Dune’s real-time dashboards
Founding Team and Funding
- Founded: 2019 in Oslo, Norway, by Fredrik Haga and Mats Olsen.
Funding:
- Seed round: $2M (2020)
- Series A: $8M (2021)
- Series B: $69.4M (2022), reaching a $1B valuation.
What Makes Dune Unique?
Community-Centric Model:
- Users share and reuse queries, akin to a "GitHub for blockchain analytics."
- Public dashboards foster collaboration and transparency.
Free Access:
- No premium tiers for core features (unlike competitors like Nansen).
Rebranding:
- Shortened from "Dune Analytics" to "Dune" in 2022, inspired by Frank Herbert’s sci-fi novel.
How to Use Dune
Step-by-Step Guide
Discover Dashboards:
- Browse trending analytics under the Discover tab.
- Search by protocol (e.g., "OpenSea"), token, or creator.
Create Custom Queries:
- Select a blockchain (e.g., Ethereum or Solana).
- Use PostgreSQL syntax for SQL queries.
Pro Features ($390/month):
- Skip query queues.
- Export data to CSV.
- Private dashboards.
Dune Index: Advanced Metrics
Launched in 2024, the Dune Index measures blockchain adoption via:
- Weighted Metrics:
| Metric | Weight | Purpose |
|-----------------|--------|----------------------------------|
| Transaction fees | 45% | Tracks gas spending. |
| Transfer volume | 45% | Filters speculative transfers. |
| Transaction count | 10% | Counts meaningful activity. | Key Insights (2025):
- Index score: 89.
- Top blockchains: Solana, Ethereum, Bitcoin.
Dune for NFT Analytics
Popular NFT dashboards:
- OpenSea Top Traders: Tracks high-volume buyers.
- NFT Sales Data: Visualizes median prices and trends.
- Market Overview: Compares daily volumes across chains.
👉 Learn how to leverage NFT data
Why Dune Matters
- Macro Trends: Identifies bull/bear markets via on-chain activity.
- Accessibility: Democratizes data for beginners and experts alike.
FAQs
Is Dune free?
Yes, but Pro subscriptions ($390/month) offer priority queries and private dashboards.
What languages does Dune support?
PostgreSQL (SQL). Beginners can use pre-built dashboards.
Where is Dune headquartered?
Oslo, Norway.
Data is power—Dune makes it accessible.
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