Dune Analytics Partners With Cloud Computing Giant Snowflake

Dune’s data will be integrated into Snowflake’s marketplace.

By: Owen Fernau Loading...

Dune Analytics Partners With Cloud Computing Giant Snowflake

Dune Analytics, a platform that serves up blockchain data in an accessible format to researchers and analysts, has revealed a partnership with Snowflake, a cloud-computing giant worth over $74 billion.

The partnership means that Dune’s data will be available for purchase on Snowflake’s marketplace. Other data providers on the platform include household names like Mastercard and CapitalOne, in addition to companies more explicitly focused on data like the fundraising-focused Crunchbase.

Fredrik Haga, co-founder and CEO of Dune, told The Defiant that the partnership expands the data platform’s offerings beyond crypto-native players.

“You have this incredible momentum and wave of community engagement around this data,” he said, adding that the Dune team had mostly been focused on what people can do within the data platform’s web application.

Now, Dune is looking to expand. “For a very long time, there's been interest from institutional players to get this data in other environments,” Haga said.

Dune Analytics has become well-known in crypto because it allows users to create their own dashboards tracking various metrics. Some users, like the pseudonymous hildobby, have earned well over ten thousand “stars” from Dune users thanks to popular dashboards which cover sectors like NFT markets, the BTC ETFs, and Ethereum gas levels. The partnership with Snowflake represents an opportunity to broaden the data platform’s user base.

Specifically, Haga listed governments and commercial enterprises as possible consumers of Dune’s data through Snowflake. He gave examples of companies that issue NFTs — like Starbucks — wanting to understand holder behavior more deeply.

Dune will face competition on Snowflake. Allium, another blockchain data platform focusing on enterprise solutions, is already a data provider.

Looking forward, Haga thinks people — and companies — may not yet understand how useful on-chain data can be. “People still haven't realized how rich this data is,” he said.

With the listing on Snowflake, that may be changing. “The demand has been there for a while, but we feel now that the data is so good and the interest is so strong that we're doing this, and I think it should be a win-win for the industry,” Haga said.