Dune Analytics: Everything you need to know about your data analytics platform!

What is behind Dune Analytics, the company that earned Unicorn status just three years after its founding?

In the fast-moving world of cryptocurrency, investors, analysts, and crypto enthusiasts are drowning in a sea of ​​data. Fortunately, Dune Analytics offers just that Now it’s just called DuneThe free tool everyone has been waiting for. The tool provides users with exactly the blockchain data they need.

In this article we explain what Dune Analytics is and how the platform works.

What awaits you in this article:

What is Dune Analytics?

Dune Analysis – Dune Image

Dune Analytics is a data platform, which are used by crypto-asset analysts and investors to study specific projects such as NFTs, DeFi platforms, or blockchain ecosystems. Anyone can query data and create visualizations using Dune.

The platform currently supports data from Ethereum, including Layer 2 solutions such as Polygon and Optimism, Binance Smart Chain, and Gnosis Chain.

Dune Analytics’ goal is to make Web3 data publicly available. The platform allows anyone to post and get real-time crypto trends. in Dune Analytics is an open source, accessible and community data provider. So anyone can access and publish the data without having to register or pay.

What’s new in the crypto world in Dune Analytics is this platform Makes on-chain encryption data available and consumable. So the founders developed a tool that anyone with an internet connection can use to analyze a few dozen smart contract products.

The service provider’s name, Dune, is derived from the fact that the platform’s datagrams look like dunes. Also, the name refers to the science fiction novel Dune by Frank Herbert. Only recently it was Dune Analytics has been renamed to Dune.

The team behind Dune Analytics

Dune Analytics founded by Frederic Haga and Mats Olsen in 2018 in Oslo, Norway and launched the platform in 2019.

Fredrik Haga received his Master’s degree in Economics from Norges Handelshøyskole (NHH) in Oslo in 2016. He also participated in exchange programs at the University of California, Berkeley in 2016, and the University of Sydney, Australia in 2013.

Dune Analytics was originally founded to work with Ethereum data, but it was unsuccessful at first. The company initially had a small number of paying clients, and it struggled for a long time to get funding before Binance finally came into existence. in August 2020 The team earned $2 million in the founding round. Dune Analytics is quickly becoming a popular platform, particularly among investors who have seen huge returns from experimental financial protocols in 2020.

In November 2021, Dune Analytics raised over $69 million in its Series B round. The team intends to use the funds to continue growing and contribute to the education and advancement of blockchain analysts.

What makes Dune Analytics unique?

Sand Dunes Analytics – Image by BeInCrypto

Dune Analytics is a community-led initiative. Platform data can be reused and everyone can access it. What sets Dune Analytics apart is that the platform doesn’t just provide data sets for specific projects like other companies do. instead of this Dune Analytics gives anyone the ability to query complex data It provides the right tools for that.

Dune’s vibrant community includes traders, analysts, and people who want to share their data analysis with others. The data on Dune Analytics can be used as often as you like and can also be combined with each other if needed. Therefore, this data is also referred to as GitHub for blockchain data analysis.

Dune replaced the closed, standard, and expensive parts of the platform with open dashboards. The dashboards provided by Dune Analytics make it easy to understand and visualize complex data with easy-to-understand graphs and charts.

You can publish dashboards created with Dune Analytics anywhere on the Internet, even on your personal website. And the most important is Everyone can use the dune platform for free. In addition, anyone can use the shared dashboards on the platform for their own data sets.

Using searches, you can find information about various and popular products such as NFT kits sold by major retailers on OpenSea. You can also use dunes to find data on domains such as the Ethereum name service domains. For many searches, you have the option to search multiple records at once. And if you can’t find the query you want, just create it yourself.

How do you use Dune Analytics?

By creating an account, everyone has the opportunity to use Dune Analytics and use popular dashboards. You can find these dashboards under the Discover tab and use the search bar to search for specific records. This includes, for example, a protocol name, a token, or even the username of the dashboard creator.

Data is displayed in lists or visualized in charts and bar charts. If you can’t find the query you are looking for, just create it yourself. However, there are some limitations to what you can look for.

Dune Analytics Dashboards

In order for one of the listed dashboards to be displayed, you simply have to click on the corresponding dashboard. Dune does not store any blockchain state data. Only the results of an SQL query are displayedwhich was requested the last time Dune was accessed.

You can get more information by hovering over the charts. Queries are automatically updated as soon as you connect to them. Note that The update may take some time And you are in the waiting list for a long time. The requested data may become outdated after a few minutes or hours.

Dune Analysis Dashboard – Dune Image

Although most of the features of Dune Analytics are free, The platform also offers a paid subscription.

Dune Analysis Subscription – Dune Image

Dune Pro costs $390 per user, per month. Premium users can skip the queue and run multiple queries at the same time. Dashboards and queries remain private with Dune Pro and the data is exported as a CSV file.

Create new queries and dashboards

If you wish, you can also create your own SQL queries on the Dune Analytics platform.

To create a new query, you need to click on “New Query”. To create new queries, you need a free account on the Dune Analytics platform.

Dune analytics query – image of a dune

First you define the database for your query. You can use Ethereum, Gnosis Chain, Polygon, Optimism OBM 1.0, Optimism OVM 2.0, BNB Smart Chain and Dune Engine V2.

Dune analytics query – image of a dune

NFT Analysis with Dune Analytics

Dune Analytics is a great platform that can be very useful for crypto companies and anyone looking for blockchain data. The The platform allows anyone to query, extract and visualize a lot of data from the blockchain. Dune Analytics is a powerful tool required to perform analysis of DeFi projects and NFTs. For example, you will find many OpenSea dashboards for NFT clusters on the platform.

Here are some examples of the most popular NFT dashboards:

  • OpenSea Top Trader Stats By @mtitus6 (Top Traders – Latest Buys, OpenSea – Top 50 Traders)
  • NFT OpenSea sales data By @cryptuschrist (Volume, Sales, Average Prices, Top NFT Sets by Sales Volume)
  • OpenSea data By @pancakephd (active users, NFTs sold, revenue volume, OpenSea revenue volume per user)
  • NFT Market Overview By @sealaunch (OpenSea sales and transactions volume, trending NFT projects, daily NFT market volume on Ethereum)

Dune Analytics provides a clear view of the crypto market

The world of blockchain and everything related to it is developing at a rapid pace. That’s why we now need tools to help us better understand the evolution of DeFi protocols. While on-chain data is not necessarily useful when trading or monitoring short-term trends, it is a tool like Dune Analytics It can be very useful in identifying macro trends.

With Dune Analytics, you can quickly identify whether a market is in a bear market or a bull market and get information about sales volume and key trend reversals. You can also quickly see when the cryptocurrency market is overheating.

Now focus on making the most of the crypto market with all the information you have. It helps you to create SQL queries in multiple networks. Learning how Dune Analytics works can quickly improve your understanding of the crypto market.

Frequently Asked Questions

Dune Analytics is an open source crypto data analysis platform on Ethereum that provides free on-chain data to everyone. Dune Analytics can run SQL queries directly on blockchains supported by Polygon, Optimism, Binance Smart Chain, and Gnosis Chain.

Dune Analytics is a free blockchain data analysis platform that anyone can use to identify macro trends on a supported blockchain. The platform also offers a paid subscription ($390 per month) that gives users the option to keep dashboards private and launch up to six queries simultaneously.

Dune Analytics supports the standard PostgreSQL query language. Even new and non-technical people are able to do a basic query without having to learn SQL. However, the easiest way to use Dune Analytics is to find and use dashboards created by other users.

Dune Analytics, or just Dune, is a blockchain data platform that provides crypto analysts with extensive data on individual crypto projects. Data from specific crypto areas such as NFTs, DeFi, or blockchain systems is particularly interesting here. Anyone can use, share or create new queries on the Dune platform.

Dune Analytics is located in Oslo, Norway, where the platform’s founders are based.

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