Dune Analytics latest crypto startup to achieve unicorn status

Norway-based blockchain research firm Dune Analytics has become the latest crypto startup to hit unicorn status after securing $69.4 million in a Series B round led by hedge fund Coatue.

To be precise, Dune Analytics has raised $69,420,000, a number filled with meme-based references. FTX took a similar approach when it raised $420,690,000 from investors in October last year.

Dune Analytics is a blockchain analytics platform that offers users access to free blockchain data and views real-time analytics. In addition, users can generate data sets and dashboards on metrics such as DEX and NFT trading volumes. It currently supports five blockchains, Ethereum, Polygon, Optimism, Binance Smart Chain, and Gnosis Chain

Apart from Coatue, Multicoin Capital, Dragonfly Capital, and other existing investors also participated in the round and took the company’s valuation to $1 billion. With fresh funds, the company has some big plans to look forward to.

“With this financing we’re doubling down on our mission to make crypto data accessible and are committed to bringing a million Dune Wizards to web3,” the firm said in a statement. Per the announcement, Dune Analytics wants to support more blockchains, fast-track expansion of its community, and distribute financial rewards to content creators, amongst other initiatives.

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