The workforce behind the platform that allows users to track data on the Ethereum blockchain, Dune Analytics, announced the firm has raised $8 million from strategic investors like Union Square Ventures. Dune Analytics detailed the firm plans to leverage the new financing so as to hire more assist and monitor different blockchains.
Crypto Metrics Provider Dune Analytics Raises $8 Million
Crypto data services and analytics has seen large demand in 2021 as everyone wants to collect factoids on their favorite crypto assets. Bitcoin.com News recently reported on the crypto agency Messari raising $21 million in a financing round.
Moreover, the crypto analytics firm Skew was acquired by Coinbase this year and Coin Metrics recently raised $15 million with Goldman Sachs leading the round. Dune Analytics is a set of data tools that users can leverage free of charge so as to collect insight on Ethereum and decentralized finance (defi) analytics.
Last September, Dune Analytics raised $2 million in seed funding and on Thursday the company revealed raising $8 million in a Series A. The Series A round was led by Fred Wilson’s Union Square Ventures. Additionally, enterprise firms like Multicoin Capital, Redpoint Ventures, and Dragonfly joined the Dune Analytics Series A round
Dune Analytics’ instruments offer a large number of charts and graphs however users can even create their very own data charts. The web portal offers insights to data in regards to the recent EIP1559 implementation so ETH users can observe metrics like fees burned. Dune Analytics offers decentralized exchange (dex) volumes, non-fungible token (NFT) market data and analytics showing the variety of defi users over time.
“At Dune Analytics we’re on a mission to make crypto knowledge accessible. It is a mission that’s getting tougher by the day,” the company’s capital elevate announcement noted. “Every new product, chain, and the scaling answer will increase knowledge quantity and fragmentation as they develop in adoption and throughput. However, we’re decided to appreciate this mission by making every single attention-grabbing metric throughout each single crypto data supply simply accessible free of charge to the community.”
Dune Analytics: ‘The Data Must Flow’
Along with Dune Analytics, Skew, Coin Metrics, and Messari, the company Dappradar raised $5 million in final May. At the end of June, the crypto data agency Nansen raised $10 million from investors.
“At Dune Analytics we’re a small team with an outsized impact on the way forward for finance and monetary knowledge,” the Dune Founders Fredrik and Mats concluded. “All through this year we’ve grown the Dune workforce to eight individuals unfold all through Europe. To additional allow handy entry to crypto knowledge throughout extra use cases, knowledge sources and at an even bigger scale, we’re now hiring for a spread of roles. The information should move.”