Dune Unveils Multichain Platform and Proprietary Index

At the DuneCon event in Bangkok, Dune developers announced the launch of a new platform called Echo, the acquisition of smlXL, and the introduction of their own index. 

1/4 Announced at #DuneCon2024 ?️

? Introducing ? ECHO ?

Dune’s real-time, multi-chain developer platform.https://t.co/GMCynsqusP

— Dune @ DuneCon | Devcon ?? (@Dune) November 11, 2024

Echo is a multichain solution for developers, enabling rapid data retrieval from various networks, including over 30 EVM blockchains and Solana.

Two main APIs for balances and transactions are already active, with wallet history and indexing set to follow soon. Echo boasts the “fastest APIs in the industry,” processing network information within 300 ms of block creation. 

“Echo allows for real-time analysis of account and protocol data, simplifying development and providing a faster, more dynamic user experience,” stated Dune co-founder and CTO Mats Olsen.

The company also announced the acquisition of smlXL, a firm backed by a16z, which develops products for simulating blockchain transactions. The deal’s financial terms remain undisclosed. 

Live from #DuneCon2024 ?️?

Dune Acquires @smlxldotio to supercharge our real-time multichain data offering.

Learn more ?https://t.co/L9eYSxjRXE

— Dune @ DuneCon | Devcon ?? (@Dune) November 11, 2024

“SmlXL has pioneered a fundamentally new way of obtaining flexible real-time data from EVM. Together, we will simplify blockchain data development tenfold,” noted Dune CEO Fredrik Haga.

Additionally, the company introduced the Dune Index, which tracks “genuine blockchain adoption over time.” The tool simultaneously analyzes transaction count, volume, and fees. 

1/4 Live from #DuneCon2024 ?

? Introducing Dune Index:

A new, comprehensive metric to measure real blockchain adoption.https://t.co/WToIudNP73

— Dune @ DuneCon | Devcon ?? (@Dune) November 11, 2024

At the time of writing, the index stands at 58, having peaked at 87 in November 2021. 

“Current adoption is approaching previous peak levels but reflects greater activity driven by utility,” commented the team.

In October, Etherscan developers released a beta version v2 with a unified API for accessing data from over 50 EVM blockchains.