Summary
- Dune Analytics said it is restructuring by laying off about 25%% of its workforce and shifting its focus to AI and on-chain data services for institutions.
- Co-founder Fredrik Haga said the company will put more emphasis on data products for thousands of customers across the crypto industry, while focusing on AI agents moving on-chain and institutional client segments.
- The market is watching how Dune’s business overhaul will affect competition in the on-chain data market and the expansion of blockchain analytics services for institutions.
Forecast Trend Report by Period
Crypto data platform Dune Analytics has cut about 25% of its workforce as it restructures to focus on artificial intelligence and on-chain data services for institutional clients.
BeInCrypto reported on May 14 that the company had laid off roughly a quarter of its staff.
Co-founder Fredrik Haga said the restructuring is intended to sharpen Dune’s focus on data products for thousands of customers across the crypto industry.
The company also plans to target AI agents moving on-chain and institutional clients, he added.
Across the crypto industry, companies have been cutting costs and refocusing core businesses amid a market downturn and pressure on profitability.
At the same time, demand for AI-based data analysis and institutional on-chain infrastructure is increasing.
The market is watching how Dune’s business overhaul could reshape competition in the on-chain data market and the expansion of blockchain analytics services for institutions.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
