Today blockchain startup Dune Analytics announced it raised $69.2 million in a Series B round led by Coatue, including funding from existing investors Multicoin Capital and Dragonfly Capital. The startup’s $1 billion valuation comes just six months after its August 2021 $8 million Series A.
There are several types of analytics platforms in the crypto world. Some target government and corporates and emphasize forensics such as Chainalysis, TRM Labs and an Elliptic. That’s not where Dune is positioned.
Dune is a community platform. It enables anyone in the crypto community to easily query blockchains using the conventional database query language SQL. Plus, the results can be included in user friendly dashboards and shared with others. One of the most popular dashboards is for measuring the trading volume on the OpenSea NFT marketplace.
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