The workforce behind the platform that enables customers to trace information on the Ethereum blockchain, Dune Analytics, introduced the agency has raised $eight million from strategic buyers like Union Sq. Ventures. Dune Analytics detailed the agency plans to leverage the brand new financing with a purpose to rent extra assist and monitor different blockchains.

Crypto Metrics Supplier Dune Analytics Raises $eight Million

Crypto information companies and analytics has seen huge demand in 2021 as everybody desires to assemble factoids on their favourite crypto belongings. Bitcoin.com Information lately reported on the crypto agency Messari elevating $21 million in a financing spherical.

Moreover, the crypto analytics firm Skew was acquired by Coinbase this yr and Coin Metrics lately raised $15 million with Goldman Sachs main the spherical. Dune Analytics is a set of information instruments that customers can leverage free of charge with a purpose to collect perception on Ethereum and decentralized finance (defi) analytics.

Final September, Dune Analytics raised $2 million in seed funding and on Thursday the corporate revealed elevating $eight million in a Sequence A. The Sequence A spherical was led by Fred Wilson’s Union Square Ventures. Moreover, enterprise corporations like Multicoin Capital, Redpoint Ventures, and Dragonfly joined the Dune Analytics Sequence A spherical.

Dune Analytics’ instruments provide a large number of charts and graphs however customers can even create their very own information charts. The net portal affords insights to information in regards to the latest EIP1559 implementation so ETH customers can observe metrics like charges burned. Dune Analytics affords decentralized change (dex) volumes, non-fungible token (NFT) market information and analytics exhibiting the variety of defi customers over time.

“At Dune Analytics we’re on a mission to make crypto information accessible. This can be a mission that’s getting more durable by the day,” the corporate’s capital increase announcement famous. “Each new product, chain, and scaling answer will increase information quantity and fragmentation as they develop in adoption and throughput. However, we’re decided to understand this mission by making each single attention-grabbing metric throughout each single crypto information supply simply accessible free of charge to the neighborhood.”

Dune Analytics: ‘The Information Should Stream’

Along with Dune Analytics, Skew, Coin Metrics, and Messari, the corporate Dappradar raised $5 million final Could. On the finish of June, the crypto information agency Nansen raised $10 million from buyers.

“At Dune Analytics we’re a small workforce with an outsized affect on the way forward for finance and monetary information,” the Dune Founders Fredrik and Mats concluded. “All through this yr we’ve grown the Dune workforce to eight folks unfold all through Europe. To additional allow handy entry to crypto information throughout extra use circumstances, information sources and at a much bigger scale we’re now hiring for a spread of roles. The info should circulation.”

What do you consider Dune Analytics elevating $eight million in a Sequence A financing spherical? Tell us what you consider all these crypto analytics corporations elevating hundreds of thousands in 2021 within the feedback part under.

Tags on this story
$8 Million, 2 Million, accessible data, Capital raise, Coin Metrics, crypto data, dappradar, data, DEX, Dragonfly, Dune Analytics, Dune Analytics stats, ETH Monitoring, Ethereum, Finance, Investors, messari, metrics, Multicoin Capital, Nansen, NFTs, Redpoint Ventures, Seed Funding, Series A, Series A financing, Skew, Union Square Ventures

Picture Credit: Shutterstock, Pixabay, Wiki Commons, Dune Analytics,

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