Dune Analytics Raises $69.42 Million at $1 Billion Valuation

Dune Analytics is a crypto-analytics platform that provides its customers with data tools for the Ethereum network. The platform helps to analyze moves and get more insights from the transaction data that blockchains store.

The funding round Series B was led by Coatue Management. Other participants were Multicoin Capital and Dragonfly Capital. This round led Dune Analytics to the unicorn status. The company is going to use this money to continue building up a community of 1 million analysts – “Dune Wizards”, to build an API, as well as support more blockchains.

Dune Analytics, from Norway, was founded by Fredrik Haga, Mats Olsen in 2018. “There’s a ton of insights in crypto data, but without skilled and incentivized analysts coupled with great tooling, this information will remain hidden beneath the surface,” Dune’s founders said. The company allows users to create dashboards, data charts on such metrics as DEX and NFT trading volumes. Dune, now, has approximately 10 00 analysts. With the Dune platform, the data can be fetched from Ethereum, Optimism, Polygon, xDAI, and Binance Smart Chain.

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