Prominent crypto and Web3 data analytics firm Dune Analytics is venturing into AI with the launch of Dune AI – an artificial intelligence system that utilizes a natural language processing engine similar to OpenAI’s ChatGPT to help users gain crypto data insights seamlessly and without prior SQL knowledge.
The system opens the door for millions of blockchain enthusiasts, investors, and enterprises to engage with detailed crypto analytics without the need for any technical expertise. Dune has removed the SQL barrier, democratizing the platform and making it more accessible and user-friendly.
Dune AI Helps Crypto Enthusiasts Gather On-Chain Data Without Needing Any SQL Base
By employing a chat-based interface, the company is offering a more intuitive experience for users to obtain key crypto data insights. This also eliminates the complexities that are often associated with analyzing data in the blockchain realm, which requires the user to have some knowledge of the SQL programming language.
In addition to Dune AI, the company also unveiled the Dune Data Hub, a platform that is designed to allow enterprises to either contribute their datasets to the Dune ecosystem or seamlessly integrate the company’s vast crypto data resources into their systems via an application programming interface (API). Dune says the Data Hub is compatible with several existing services such as S3, Big Query, and Airtable, ensuring highly flexible and scalable data management for enterprises.
These advancements highlight Dune Analytics’ commitment to serving the growing needs of crypto investors and enterprises. By simplifying the complexities of interacting with crypto-related data and improving the capacity for effective data management, Dune reaffirms its position as an essential pillar in the crypto data analytics department.
What is Dune Analytics?
Dune Analytics, founded in 2019, acts as a data provider for the crypto market that produces deep and detailed insights about current and forthcoming market trends on the go. The platform functions similarly to most crypto protocols, with the help of its vast community of users who can create dashboards on the platform that track just about anything and everything connected to the crypto ecosystem.
The queries on Dune can range from trending yield farms on Ethereum (ETH) to non-fungible tokens (NFTs) purchased by the top 10 OpenSea traders.
The platform is particularly useful to get the answer to a niche question that other data providers may not care about. For instance, one popular dashboard on Dune queries Ethereum Name Service (ENS) domain names containing five letters and sorts them out based on their expiry dates. Another dashboard traces the cash flow of the MakerDAO protocol, which issues and manages the decentralized USD-denominated DAI stablecoin.
How To Use Dune Analytics?
To use Dune, you simply have to head to their website ‘dune.xyz’ and either check out popular dashboards through the “discover” option or use the search bar to look for a crypto dataset of your choice. Data compiled by the system are presented as lists or visualized into bar charts and graphs. If the query is related to a bigger dataset, it will be sorted into dashboards for easier referencing.
Dune does not store the blockchain’s state data but rather simply displays the information produced by the Structured Query Language (SQL) query from the last time a user requested the exact same data.
However, Dune Analytics’ blockchain data tool is limited to Bitcoin (BTC), Ethereum (ETH), BNB Chain, Arbitrum (ARB), Solana (SOL), Gnosis Chain, Polygon (MATIC), Avalanche (AVAX), Fantom (FTM), Goerli, and Optimism (OP). The crypto analytics platform also supports any smart contracts created and deployed on those blockchains.