TechFlow news — On November 11, according to The Block, blockchain analytics firm Dune announced at its DuneCon conference in Bangkok, Thailand: the launch of its Echo platform enabling real-time multi-chain analysis, the acquisition of blockchain simulation company smlXL, and the introduction of a new metric designed to track meaningful blockchain adoption.
The Dune Echo platform officially launched that day, offering developers real-time data across 30 blockchains, including Ethereum, multiple Layer 2 networks, and Solana (currently in beta). The platform claims to deliver token balance and transaction query data within 300 milliseconds of block propagation, which Dune calls "the fastest API in the industry."
In addition, Dune announced the acquisition of smlXL, a firm backed by a16z known for its popular product that simulates real-time blockchain transactions. The acquisition amount was not disclosed. Fredrik Haga, Dune's co-founder and CEO, commented: "smlXL has developed a revolutionary method for obtaining flexible, real-time data from the EVM. Our collaboration will make using on-chain data ten times easier for developers."
Finally, Dune introduced a new metric called the "Dune Index," aimed at tracking meaningful blockchain adoption over time. The index is categorized by chain and standardized to avoid metrics that could be manipulated or inflated. According to data from Dune’s website, the metric reached a weekly high of 86.75 on November 8, 2021, and stood at 55 as of November 11, reflecting a decline but still significant level of blockchain adoption.
