What is Dune Analytics, and how can it help investors?

cnbctv18.com:

In the world of cryptos, accurate data-driven insights are hard to come by. Trends change by the second, and market data is highly dynamic, primarily due to the volatile nature of cryptocurrencies.

There is a dearth of easy-to-access, reliable market information. Keeping this in mind, one particular data analytics company is looking to fill this gap by providing quick, convenient and free to access crypto data; it is called Dune Analytics.What is Dune Analytics?Dune Analytics is a community-based open-source data provider which allows anyone to publish and access crypto trends in real-time.Founded by Fredrik Haga and Mats Olsen in 2018, Dune Analytics is an Ethereum-based analytics platform that makes on-chain crypto data accessible and consumable.

It is also open-source and free to use, meaning anyone can publish and access datasets without going through any formal registration process or paying for the privilege of participation.According to the company's site, the name comes from the dunes in the desert that resemble data charts. It also has a connection to the science fiction novel Dune by Frank Herbert.Dune Analytics was founded with the expressed purpose of making Web 3.0 data accessible to everyone.

Initially, Haga and Olsen built a tool that allowed anyone to analyse a couple dozen smart contract products live on the Ethereum blockchain.Also Read: The godfather of DeFi Andre Cronje slams crypto culture, calls for regulationSince then, the company has grown significantly and currently provides data insights about cryptocurrencies. It also provides datasets from the art, DAO, and gaming sectors, among many others.The user base of the platform has also grown exponentially.