Ethereum Data Firm Dune Analytics Nets $2 Million Seed Round

Dune Analytics, a free Ethereum data website run by a two-person team out of Oslo, is getting a cash injection to scale up its staff and expand its offerings.

The company announced today it has raised $2 million in a seed round. Dragonfly Capital led the round, with additional funding from Multicoin Capital, Digital Currency Group, Coinbase Ventures, and a smattering of other prominent projects, VC firms, and angel investors.

Dune is a website for data junkies trying to determine what's going on with the Ethereum blockchain and connected projects. It pulls data from Ethereum smart contracts and turns them into charts showing things like decentralized exchange volume, number of DeFi users, and transaction sizes. Whereas a block explorer like Etherscan provides a searchable history of blockchain transactions, Dune is more of a tool for interpreting that history.

Much of its appeal is that it allows people to create their own charts so they can explore individual projects like Compound or Curve. Some projects, such as Uniswap and Gnosis, purchase additional access, allowing them to create private analytics dashboards.

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