The crew behind the platform that enables customers to trace knowledge on the Ethereum blockchain, Dune Analytics, introduced that the corporate has raised $ 8 million from strategic traders like Union Sq. Ventures. Dune Analytics detailed the corporate’s plans to leverage the brand new funding to rent extra assist and monitor different blockchains.
Crypto-metric supplier Dune Analytics raises $ 8 million
Crypto knowledge providers and analytics have seen huge demand in 2021 as everybody desires to gather information about their favourite crypto property. Bitcoin.com Information not too long ago reported on crypto agency Messari elevating $ 21 million in a funding spherical.
Moreover, crypto evaluation agency Skew was acquired by Coinbase this 12 months and Coin Metrics not too long ago raised $ 15 million with Goldman Sachs main the spherical. Dune Analytics is a set of knowledge instruments that customers can leverage totally free to gather details about Ethereum and decentralized monetary analytics (problem).
Final September, Dune Analytics raised $ 2 million in seed funding and on Thursday the corporate revealed elevating $ 8 million in a Collection A. The Collection A spherical was led by Fred Wilson Union sq.. Moreover, enterprise capital companies equivalent to Multicoin Capital, Redpoint Ventures, and Dragonfly have joined the Dune Analytics Collection A cycle.
Our mission is to make cryptographic knowledge accessible💫
Because of this each metric from each knowledge supply is definitely accessible to the group totally free👌🤯📊
Information must movement and subsequently we have now raised a:
🚨 $ 8M SERIES A LEAD BY @usv🎉🧙♀️
– Dune Analytics (@DuneAnalytics) August 12, 2021
Dune Analytics instruments supply a lot of tables and charts, however customers can even create their very own knowledge tables. The online portal supplies knowledge data concerning the current implementation of EIP1559 in order that ETH customers can observe metrics equivalent to burnt fees. Dune Analytics affords decentralized buying and selling volumes (dex), non-fungible token (NFT) market knowledge, and analytics exhibiting the variety of customers challenged over time.
“At Dune Analytics, our mission is to make cryptographic knowledge accessible. It’s a mission which is changing into increasingly more tough daily, ”famous the announcement of the corporate’s capital enhance. “Each new product, chain, and scaling answer will increase the quantity and fragmentation of knowledge because it will increase in adoption and throughput. Nonetheless, we’re decided to attain this mission by making each fascinating metric of each crypto knowledge supply available to the group totally free.
Dune Analytics: “Information should movement”
Along with Dune Analytics, Skew, Coin Metrics and Messari, the Dappradar firm raised $ 5 million final Might. On the finish of June, crypto knowledge agency Nansen raised $ 10 million from traders.
“At Dune Analytics, we’re a small crew with a disproportionate impression on the way forward for finance and monetary knowledge,” concluded Dune founders Fredrik and Mats. “All through this 12 months we have now grown the Dune crew to eight individuals throughout Europe. To allow handy entry to crypto knowledge in additional use instances, knowledge sources and at scale, we at the moment are recruiting for a variety of roles. Information should movement.
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