Menu Close
Dune Analytics

Invest in Dune Analytics

Digital Assets

Founded: 2018

Headquarters: Oslo, Norway

duneanalytics.com

Status

Available

Last Round Valuation

$50 Billion

Share Price

$50.00

Sign Up to Start Investing

Already have an account? Sign In

About
Summary
Valuation

About Dune Analytics

Dune is a community-first web3 analytics platform founded in Oslo, Norway. Its mission is to make crypto data accessible. The open crypto analytics platform enables anyone to query, share, fork, remix, and collaborate on data charts and dashboards. Dashboards can include metrics like DEX trading volumes, DAO financial statements, NFT trades, and more.

Key Facts

Blockchains are public data sources, and the historical ledger of addresses and transactions is a treasure trove of data, just waiting to be unpacked and explored. However, in its raw form, blockchain data is great for machines but tough for humans. Most crypto data providers who look to solve this problem are closed platforms with costly paywalls that restrict users' customizability and research. This hinders the average user, while only benefiting the large institutions that have massive amounts of analysts and can pay for costly data analytics.

Dune makes on-chain crypto data accessible and consumable through its community-powered platform. The Company provides state-of-the-art tools that allow data to be extracted, queried, dissected, and visualized in the form of real-time dashboards.

“Despite being radically open, web3 data remains largely underutilized. At Dune, we want to make this intelligence readily accessible and reward the analysts working to turn this data into digestible, real-time actionable insights. In legacy finance, only insiders get access to valuable data,” said Dune Co-Founder and CEO, Fredrik Haga.

Dune is advancing data literacy across the crypto marketplace, opening access to insights that are otherwise only made public on a quarterly basis in legacy finance.

Dune and the Dune community are not just focused on trading and token price data. While these are surely important areas, the beauty of Dune is the ability to go far, wide, and deep. Curious about functional elements like gas costs? Wondering how much Uniswap volume has migrated from v2 to v3, or how much ETH has been burned as a result of EIP-1559, or what the breakdown of the Mirror community looks like? Answers to each of these questions, and many, many more, are being developed by the Dune community every day.

Dune's platform currently supports data queries for several blockchains: Ethereum, Solana, Polygon, Optimism, Binance Smart Chain, and xDAI, with plans to incorporate all Layer-1 and Layer-2 smart contract platforms.

Dune makes on-chain crypto data accessible and consumable through its community-powered platform. The Company provides state-of-the-art tools that allow data to be extracted, queried, dissected, and visualized in the form of real-time dashboards.

Dune users can study how people interact with top DEXs or lending protocols and build better versions. Users can evaluate the traction of new networks themselves and decide whether to invest money or resources in them. Users can get into the details of how entire crypto ecosystems function and allow users to decide on projects based on their value and utility.

The basic building blocks of Dune are: (1) Dashboards: A set of widgets containing Visualizations and text that tell a story about a particular group of blockchain data; (2) Visualizations: Charts and Graphs that turn data in harder-to-understand table form into easier-to-understand visual form; and (3) Queries: Commands that extract data from Dune's database so it can be displayed in Dune Dashboards via Tables and Visualizations.

Dune supplies data for all emerging use cases and users, andthey are rapidly expanding their scope and offerings. The Company offers Dune API, which creates a living, breathing, and performant API machine for the community and opens up a whole new world of use cases.

Dune API allows third-party developers to incorporate Dune’s tool stack into their own apps and query against its data, tools, and engine with their own creations. As a result, it empowers even more analysts to do research, trade, and develop.

Dune benefits from a self-reinforcing network effect built on community engagement: 1) the community creates queries; 2) from there, there is a rich library of queries to fork; 3) the community gets larger through attention from sharing embedded graphs; and 4) new users discover Dune.

Dune rewards community members for their participation, meaning creators of projects built within the platform that add value will be paid accordingly for their queries, templates, dashboards, education, and other open data.

Dune Analytics is a B2B2C SaaS platform that provides multiple subscription options for accounts and an API add-on option.

Account options include a Free Plan ($0/month), Thug Life Plan ($420/month), and Elite Plan ($1,337/month).

Dune’s premium plans allow users to skip the query queue and run parallel queries, meaning that analytics can be processed faster than they are for non-paid users, keep dashboards and queries private, and export data to comma-separated values (CSV) files.

API options include a Free Plan ($0/month), Starter Pack Plan ($101/month), Fix IT Plan ($404/month), and Elite Plan ($1,337/month).

Dune’s premium API plans offer different amounts of data points, number of API executions, and execution speed.

According to Sifted’s “Europe's’ Fastest Growing Tech Companies in 2022,” Dune has grown its headcount by 280% in 2022, from 16 employees in January 2022 to 57 by the end of 2022.

While crypto markets and products were down 70-90% in 2022, Dune continued seeing all-time high levels of query and dashboard creation.

In August 2023, Dune announced the launch of three LLM-powered products: Create Wand, Edit Wand, and Debug. At Dune, they are committed to unleashing the full power of Language Model-based Learning (LLM) to make crypto data accessible to all. Dune's goal is to empower their users to delve into what matters most, abstracting away the tedious aspects of their work.

In April 2024, Dune revealed a partnership with Snowflake, the cloud-computing giant. The partnership means that Dune’s data will be available for purchase on Snowflake’s marketplace. Fredrik Haga, co-founder and CEO of Dune, said that the partnership expands the data platform’s offerings beyond crypto-native players.

Sign up to see more information

Get Started Button Arrow

Summary

trade

Customers

Nulla malesuada justo velit, eget

Donec rhoncus sapien sit amet mauris consectetur convallis. Proin mollis eros vel orci.

trade

Key Investors

Pellentesque tempus, ipsum id suscipit tristique, Aenean lacinia quis tortor sed, ornare Integer vel.

trade

Size of Market

Mauris velit nisl, ultrices ut est quis, dapibus euismod tellus. Ut finibus ultricies sollicitudin. Vivamus a aliquet magna. Fusce lacinia urna in laoreet facilisis. Aliquam dignissim efficitur sapien eu convallis.

trade

Market Position

Nam volutpat purus vel lacus pellentesque porttitor sed in orci. Vivamus porttitor sit amet tellus non sollicitudin. Suspendisse sit amet turpis nisi. In sem velit, interdum at augue id, eleifend tristique nunc, Maecenas scelerisque.

Industry

Mauris velit nisl

Primary Vertical

Digital Assets

Employees

500

Mosaic Score

840

Money

760

Momentum

850

Management

760

Market

960

What is a Mosaic Score?

Key Officers

Name Work History Title Status
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current

Valuation

Valuation Over Time

chart

Last Round

Sept. 2019, Series B1

Valuation Post-Money

$400.2M

Amount Raised

$2.5M

Total Funds Raised

$75.2M

Implied Valuation

$84M

Funding Rounds

Date Round Amount Valuation Investors
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here

Competitive Landscape

Company Valued Revenue
Coinbase
San Francisco, CA
$2.8B $1.3B
Coinbase
San Francisco, CA
$2.8B $1.3B
Coinbase
San Francisco, CA
$2.8B $1.3B

Your access to private investment

Explore companies like this

Your access to private investment

Get Started Button Arrow