The crew behind the platform that enables customers to trace knowledge on the Ethereum blockchain, Dune Analytics, introduced the agency has raised $8 million from strategic traders like Union Sq. Ventures. Dune Analytics detailed the agency plans to leverage the brand new financing to be able to rent extra assist and monitor different blockchains.
Crypto Metrics Supplier Dune Analytics Raises $8 Million
Crypto knowledge companies and analytics has seen huge demand in 2021 as everybody desires to collect factoids on their favourite crypto belongings. Bitcoin.com Information just lately reported on the crypto agency Messari elevating $21 million in a financing spherical.
Moreover, the crypto analytics firm Skew was acquired by Coinbase this yr and Coin Metrics just lately raised $15 million with Goldman Sachs main the spherical. Dune Analytics is a set of knowledge instruments that customers can leverage totally free to be able to collect perception on Ethereum and decentralized finance (defi) analytics.
Final September, Dune Analytics raised $2 million in seed funding and on Thursday the corporate revealed elevating $8 million in a Sequence A. The Sequence A spherical was led by Fred Wilson’s Union Sq. Ventures. Moreover, enterprise companies like Multicoin Capital, Redpoint Ventures, and Dragonfly joined the Dune Analytics Sequence A spherical.
We’re on a mission to make crypto knowledge accessible💫
Which means each single metric from each single knowledge supply simply accessible to the neighborhood totally free👌🤯📊
The info should movement and subsequently we have raised a:
🚨 $8M SERIES A LEAD BY @usv🎉🧙♀️
— Dune Analytics (@DuneAnalytics) August 12, 2021
Dune Analytics’ instruments supply a large number of charts and graphs however customers may also create their very own knowledge charts. The net portal affords insights to knowledge in regards to the latest EIP1559 implementation so ETH customers can observe metrics like charges burned. Dune Analytics affords decentralized trade (dex) volumes, non-fungible token (NFT) market knowledge and analytics exhibiting the variety of defi customers over time.
“At Dune Analytics we’re on a mission to make crypto knowledge accessible. This can be a mission that’s getting more durable by the day,” the corporate’s capital increase announcement famous. “Each new product, chain, and scaling answer will increase knowledge quantity and fragmentation as they develop in adoption and throughput. However, we’re decided to understand this mission by making each single fascinating metric throughout each single crypto knowledge supply simply accessible totally free to the neighborhood.”
Dune Analytics: ‘The Information Should Movement’
Along with Dune Analytics, Skew, Coin Metrics, and Messari, the corporate Dappradar raised $5 million final Could. On the finish of June, the crypto knowledge agency Nansen raised $10 million from traders.
“At Dune Analytics we’re a small crew with an outsized influence on the way forward for finance and monetary knowledge,” the Dune Founders Fredrik and Mats concluded. “All through this yr we’ve grown the Dune crew to eight individuals unfold all through Europe. To additional allow handy entry to crypto knowledge throughout extra use circumstances, knowledge sources and at a much bigger scale we’re now hiring for a spread of roles. The info should movement.”
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