Blockchain data analytics platform Dune partners with cloud-based data warehouse solution Snowflake to launch Dune Datashare.
Although raw blockchain data is on-chain and transparent, it is often difficult to interpret or analyze. The complex and fragmented nature of on-chain data can create barriers for companies and researchers looking to leverage blockchain data for insights, innovation or competitive advantage.
To address this, Dune Analytics has partnered with Snowflake, a cloud-based data warehouse provider, to streamline blockchain data access and analysis. This partnership aims to simplify blockchain data consumption by integrating Dune’s data curation capabilities with Snowflake’s data warehousing solutions.
Dune Datashare will be available on Snowflake Marketplace and will offer curated crypto data to businesses and institutions.
Read more: The “next leg” of DeFi users will be institutions, Blockchain Capital’s Larsen expects
As a result, data scientists, analytics professionals, and businesses will have easier access to a wide range of blockchain data, spanning various protocols and blockchain solutions such as Arbitrum, Base, Bitcoin, Ethereum, Optimism, and Solana, among others.
“The blockchain is designed to verify information that happens on it, but it’s not particularly good at reading what happened,” Fredrik Haga, co-founder of Dune Analytics, told Blockworks.
However, Dune.com is designed so that community members can use its abstraction layer, Spellbook, to analyze raw blockchain data, which would otherwise be a challenging and lengthy process.
“What we do and do is essentially make this data easy to read and then put it into a database, and we let people come together and curate on top of that,” he said. “We took a lot of these low-level concepts and turned them into a human-readable, simple thing that can be put together in a dashboard.”
Read more: The importance of data and standardization within digital assets
This means users can easily find information about two different exchanges and create unified logic on top of that data. For example, this can help traders make informed trading decisions.
It can also help users find the number of top-performing protocols that week and identify patterns within what would otherwise be incomprehensible data.
The launch of Dune Datashare will mark the first time that institutional customers and Fortune 500 companies can interact with this type of data and have it integrated directly into their platforms.
“What we’ve also seen for a while now is that many institutions and enterprise-like companies also care deeply about this data and are interested in learning about blockchain data and its uses,” Haga said. “These players typically have their own data systems, so giving them access to this wave of community contributors is a pretty big deal.”
