PANews reported on November 11 that according to The Block, blockchain analysis company Dune made three announcements at the DuneCon event held in Bangkok, Thailand on Monday morning, launching a new platform, the company’s latest acquisition, and new indicators designed to track meaningful blockchain adoption.
Launched today, Dune Echo is a new product from the analytics company that connects developers to real-time blockchain data on 30 chains, including Ethereum, its many Layer 2 networks, and Solana, which is currently in beta. Data is available within 300 milliseconds of block propagation for token balance and transaction queries, which Dune calls "the fastest API in the industry."
Dune also announced the acquisition of a16z-backed smlXL, a blockchain company whose product can simulate live blockchain transactions. The value of the acquisition was not disclosed in the announcement. Finally, Dune unveiled a new metric: the Dune Index, which aims to track meaningful blockchain adoption over time, broken down by chain and normalized to account for metrics that could be manipulated or inflated.
