Technology

Story: Dune Cuts 25% of Staff as CEO Haga Bets Big on AI and Institutional Crypto

By Sakamoto Nashi

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Why AI and Institutions Now. Crypto analytics has gotten pretty crowded in recent years.

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What Dune Isn't Saying. Details are thin. Dune didn't share timelines for its AI rollout. No partnerships announced.

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Where This Leaves the Company. Dune's betting that AI and institutional clients are the path forward. It's not a crazy bet.

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Dune just cut a quarter of its workforce. The crypto analytics firm let go 25% of its employees as co-founder and CEO Fredrik Haga steers the company toward artificial…

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Haga didn't mince words about where Dune's headed. The company wants to go all-in on AI and beef up its platforms for institutional players who need serious crypto analytics.

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Crypto analytics has gotten pretty crowded in recent years. Dune made its mark by letting anyone query blockchain data without needing to run their own nodes or write complex SQL…

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And AI? Everyone's chasing it. Machine learning can spot patterns in on-chain data that humans miss.

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The timing's interesting too. Crypto's been through a brutal couple of years. The 2022 bear market wiped out dozens of firms. Some never recovered.

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Details are thin. Dune didn't share timelines for its AI rollout. No partnerships announced. No specifics on which AI technologies it's building or buying.

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The company also didn't say how the cuts will affect its existing products. Dune's free tier has been popular with developers and researchers. Will that stick around? Unclear.

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See also: BTC Hits Wall Near $82,500 as Traders Eye $65,000 Support Zone

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One thing's certain: the 25% who lost their jobs are dealing with a tough market. Crypto hiring froze up over the past year.

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But there's competition. Chainalysis dominates compliance and law enforcement analytics. Nansen and Glassnode have their own institutional offerings.

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The AI angle could be the differentiator. If Dune can ship AI-powered analytics that actually work—not just chatbots slapped onto dashboards—it might carve out a niche.

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See also: Axis CEO Slams $32B Tokenization Push While JPMorgan Files New Fund

The Currency Analytics

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