DuneCon Announcements

Blockchain analytics company Dune made a trifecta of announcements at its DuneCon event in Bangkok, Thailand, on Monday morning, unveiling a new platform, the company's latest acquisition, and a new metric designed to track meaningful blockchain adoption.

Dune Echo

Launching today, Dune Echo is a new offering from the analytics firm that connects developers with real-time blockchain data across 30 chains, including Ethereum, many of its Layer 2 networks, and Solana, currently in beta. Data is available within 300ms of block propagation for token balances and transactions queries, which Dune claims are the "fastest APIs in the industry."

> "Echo enables account and protocol data in real-time, simplifying the development process and enabling faster, more dynamic user experiences,” said Mats Olsen, co-founder and CTO of Dune.

Acquisition of smlXL

Dune also announced its acquisition of smlXL, a blockchain firm backed by a16z, known for its popular product simulating real-time blockchain transactions. The value of the acquisition was not disclosed.

> "SmlXL has built a game-changing new way of getting flexible real-time data from the EVM. Together we will make it 10x easier for developers to build with onchain data," said Fredrik Haga, co-founder and CEO of Dune.

Dune Index

Finally, Dune unveiled a new metric: the Dune Index, aiming to track meaningful blockchain adoption over time, broken down by chain and normalized to account for potentially manipulated metrics. According to Dune's website, the metric hit a weekly high of 86.75 on November 8, 2021, and currently stands at 55, reflecting reduced yet meaningful adoption.

> “The Dune Index provides a clean overarching view of onchain adoption, allowing any industry observer to understand how much traction blockchains have,” said Haga.