Dune

๐Ÿ“‚ Fintech๐Ÿ“ oslo๐Ÿ—“๏ธ Founded: 2018

Dune (Dune Analytics) is a platform founded in 2018 in Oslo that lets users build queries and dashboards on public blockchain data (such as Ethereum). Used by developers and crypto enthusiasts, it allows analysis of transactions, smart contracts and DeFi trends. Dune became a Web3 unicorn, valued at $1.5 billion after raising millions in venture capital, providing tools that increase transparency in decentralized finance.

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About Dune

Dune (Dune Analytics) is a platform founded in 2018 in Oslo by Fredrik Haga and Mats Olsen that solved a fundamental blockchain problem: making on-chain data โ€” public by definition, but technically difficult to query โ€” accessible even to people who cannot write advanced SQL queries against raw blockchain nodes. Dune indexes data from dozens of public networks (Ethereum, Solana, Flow, and many others) and lets anyone build interactive dashboards, charts, and shareable queries to analyse transactions, DeFi protocols, NFTs, and user behaviour. The platform has become reference infrastructure for analysts, crypto investment funds, protocol teams, and independent researchers, who use Dune to monitor on-chain business metrics otherwise impossible to track with traditional tools. Its freemium model โ€” free dashboards alongside paid enterprise features โ€” has let Dune build a very large community while still generating revenue from institutional clients. Financially, Dune has raised $79.4 million across three rounds: an $8 million Series A in November 2021 and a $69.4 million Series B in 2022, which brought it to unicorn status at a $1 billion valuation. No new public funding rounds have been reported in 2025-2026, but the platform continues expanding its coverage: in June 2026 it integrated Flow, a layer-1 blockchain designed for mass-market applications, further broadening its available data scope. Dune remains today the de facto standard for on-chain data analysis, an infrastructure role that makes it an indispensable reference point in the Web3 ecosystem.

Market & Clients

Geographic Presence

NO

Funding & Investors

Total Funding

$50M

Latest Valuation

$1.5B ()

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Sources

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