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Dune unveils Echo platform and acquires smlXL

Dune unveils Echo platform and acquires smlXL

GrafaGrafa2024/11/11 14:37
By:Mahathir Bayena

Dune, a blockchain analytics platform, made significant announcements at its DuneCon event in Bangkok.

The company introduced its new Echo platform, disclosed its acquisition of a16z-backed smlXL, and revealed a new metric aimed at tracking blockchain adoption.

The Echo platform offers real-time multi-chain analytics across 30 blockchains, including Ethereum (CRYPTO:ETH), various Layer 2 networks, and Solana (CRYPTO:SOL), currently in beta.

The platform provides data within 300 milliseconds of block propagation for token balances and transaction queries, which Dune describes as having 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," highlighted Mats Olsen, co-founder and CTO of Dune.

Dune’s acquisition of smlXL, known for its real-time blockchain simulation product, further bolsters its capabilities.

"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," stated Fredrik Haga, CEO of Dune.

In addition to these moves, Dune launched the Dune Index, a new metric designed to measure blockchain adoption over time.

This metric is adjusted to reflect genuine usage and prevent manipulation.

The Dune Index previously peaked at 86.75 in November 2021 and currently stands at 55, indicating consistent but reduced blockchain activity.

“The Dune Index provides a clean overarching view of onchain adoption. So any industry observer can understand how much traction blockchains have,” Haga commented.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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