Dune Analytics: SQL-Based Onchain Blockchain Analytics Platform

Dune Analytics is a web platform where users write SQL queries against the complete history of public blockchains. Rather than operating a node and decoding raw transaction bytes, users query pre-loaded, human-readable tables such as uniswap_v3.trades, polygon.transactions, and polymarket.bets. The core abstraction is treating every blockchain as a SQL database, with indexing, decoding, and schema work handled by the platform. The company was founded in 2018 in Oslo by Fredrik Haga and Mats Olsen. It raised an $8M Series A in August 2021 led by Union Square Ventures, followed by a $69.42M Series B in February 2022 led by Coatue at a $1 billion valuation. The Series B amount was a deliberate cannabis reference. As of early 2026 no later funding round has been publicly confirmed. The typical workflow has four steps: browse public dashboards built by others (free, no login required), write a query in the SQL editor, save the query as a chart and combine charts into a dashboard, then optionally call the REST API from external code to fetch query results as JSON. Saved queries can be shared via URL and forked. The platform consists of four products: the core web UI with query editor and dashboards, the DuneSQL query engine that powers it, the open-source Spellbook repository of community-maintained decoded tables, and a REST API used by bots and external dashboards. Surrounding these is a community of SQL-literate analysts called Wizards who publish dashboards, attract followers, and often earn bounties from protocols or full-time job offers. Chain coverage in 2026 spans more than 100 blockchains with uneven depth. Ethereum mainnet and its major L2s (Arbitrum, Optimism, Base, Polygon zkEVM), plus Polygon PoS and BSC, have the deepest decoded coverage. Solana was added around 2022 with less depth. Bitcoin is indexed but its lack of smart contracts limits the table ecosystem to transfers and UTXOs. Dune's durability stems from three factors: a usable free tier, broad chain coverage, and a community moat where new DeFi protocols typically have a Dune dashboard published within days of launch.