Dune

Dune (also referred to as Dune Analytics) operates a blockchain data platform that collects, cleans and normalizes onchain data and makes it queryable and shareable. The platform combines a data warehouse of blockchain datasets with analytics tooling, dashboards and a community of creators who publish queries and visualizations. According to the company's site, it covers 130+ chains and 1.5M+ datasets, and lists 200K+ dashboards, 6.5M+ queries and 100+ blockchains among its discovery statistics.

Product lines include Data Hub, APIs and connectors, Datashare (direct sharing of Dune's full blockchain dataset into customer warehouses such as Snowflake, BigQuery and Databricks), a real-time feed, MCP support, AI agents, a dbt connector, and a "Dune for chains" offering. Curated dataset categories are organized around stablecoins (supplies, transfers, holders), prediction markets (Polymarket and Kalshi activity), tokenized real-world assets, and crypto tokens (ERC-20 and native token balances, transfers and holders across 23 EVM chains). Dune also publishes research content, including reports on local-currency stablecoins, RWAs and prediction-market pricing, and a newsletter called the Digital Asset Brief.

The company describes its mission as "making onchain finance observable," and states it has grown from a two-person operation to 50+ employees with $80m raised.

Founding story

Fredrik Haga and Mats founded Dune in Oslo, Norway in 2018 as first-time founders with few connections in crypto. They began by cleaning up Ethereum data and pitched the idea as "Mixpanel for crypto" at ETH Berlin two weeks after starting. Dharma became the first customer roughly three months later, paying $600/month from 1 December for cleaned Ethereum data. After roughly 100 investor conversations, months without salary and no term sheets, they were accepted into the Binance accelerator, which enabled a pre-seed round in March 2019. During the same period they pivoted from selling closed dashboards B2B to a free and open community product.

Business model

Dune offers a freemium/tiered model: a free, open community product where anyone can create, share and explore blockchain analytics, alongside paid plans and an enterprise offering. Enterprise revenue comes from data delivery products — Data Hub, APIs and connectors, Datashare into customer warehouses, and real-time feeds — supported by data-quality controls and 24/7 enterprise support. The company states it has 1,000+ customers.

Subscription and enterprise contracts for data access and delivery, layered over a free community tier. Early history documents direct paid data delivery (the first customer, Dharma, paid $600/month for cleaned Ethereum data in 2018), later shifting to a free and open community product with monetization moving upmarket to enterprise. Dune also accepts stablecoin payments via Stripe.

Traction

Company-reported figures: 130+ chains, 1.5M+ datasets, 1,000+ customers, 200K+ dashboards, 6.5M+ queries, 100+ blockchains, 50+ employees and $80m raised. Historical milestones include 18,000 analyses created by September 2020, $30k ARR in 2019-2020 and $60k ARR by summer 2020 with roughly 5% weekly growth in key metrics.

Latest developments

The website lists newer products including AI agents and a dbt connector, plus Datashare integrations with Snowflake, BigQuery and Databricks, and highlights a partnership with Snowflake. A July 2026 blog post announces that Dune accepts stablecoin payments via Stripe. Recent research output focuses on prediction markets (Kalshi and Polymarket), stablecoins and real-world assets; the 2026 stated focus is curated data products for markets, money and risk.