Dune Analytics expands offerings with Echo, smlXL, and Dune Index introduction

Crypto on-chain data aggregator Dune Analytics has announced a series of developments aimed at expanding its blockchain data offerings. The platform announced that it has acquired a blockchain simulation company, launched a new metric that tracks blockchain adoption, and launched a new multi-chain developer platform.

Dune unveiled a tripartite of new developments at DuneCon to expand the blockchain offerings on its on-chain data platform. It revealed that it has launched Dune Index, a new metric for measuring blockchain adoption, acquired blockchain simulation company smIXL, and unveiled Echo, a multi-chain developer platform. 

Dune launches multi-chain Echo platform for blockchain developers

Dune Analytics launched Echo to enhance the developer experience by giving them access to auto-update blockchain data from multiple chains. The developer platform contains two APIs, including Transactions and Balances, that offer vital tools for developers to query and analyze on-chain data from 30 different chains with high efficiency and low latency.

According to Dune co-founder and CTO Mats Olsen, Echo was specifically built to help developers access necessary tools to build protocol frontends wherever they are deployed. According to the Dune Analytics official, the developer platform will make the development process easier for developers by giving them access to real-time data.

Dune Analytics also announced it had acquired smlXL, an entity known for its sim Studio product. SmlXL allows users to conduct real-time blockchain transaction simulations. Following the acquisition, smlXL will integrate its data organizing technology and its proprietary Ethereum node, EVM.codes, into Dune’s platforms. 

The integration is meant to enhance Dune’s speed, data offering capacity, and on-chain solutions for users. smlXL’s acquisition aims to capitalize on its real-time data provision capabilities to support Dune and Echo platforms.

Dor Levi, CEO and founder of smlXL, confirmed the acquisition and announced that the alliance is a strategic match between the two entities due to their shared interests in making blockchain data more accessible.

“We’re thrilled to join Dune. Our shared mission of making blockchain data more accessible creates a perfect match. Together, we’re building the definitive destination for all blockchain data needs.”

Dor Levi

Levi said in an interview in 2023 that the company is especially keen on enhancing evm.storage. He referred to the feature as the Google of blockchain explorers, implying that it can help people see and interpret blockchain transactions.

Dune Analytics launches Dune Index to track blockchain adoption

Dune Analytics also unveiled a new data metric called Dune Index that tracks blockchain adoption in real-time. The index compiles meaningful on-chain activity through a deep analysis of blockchain transactions, fees paid, and net value transfers across 20 different chains. The provision is contrary to metrics provided by traditional indexes which only focus on active addresses and total value locked.

According to Fredrik Haga, Co-founder and CEO of Dune, the Dune Index will offer a wider view of blockchain adoption to help users understand how much traction blockchains have.

Dune’s commitment to multichain data accessibility has seen the introduction of new blockchains. Ronin network is the most recent blockchain that is live on the platform. Dune plans to integrate more chains in the future, including Unichain, Abstract, Viction, TON, Berachain, Flare, Boba, Sonic, and Lens.