Dune Adds Real-Time Spot And Perpetual Trade Feeds Across On-Chain Markets

TL;DR: Dune has launched normalized real-time feeds for spot and perpetual DEX trades, designed to help institutional desks compare fragmented blockchain-market execution. A trader watching one decentralized exchange can miss an extraordinary amount of what is happening elsewhere. Dune wants to turn that fragmented activity into a continuous market-data feed that desks can read in something closer to a conventional trading-terminal format. The analytics company launched Market Data Feeds on Thursday, covering spot and perpetual transactions across on-chain venues. Its product normalizes details such as instrument, venue, execution side, price and U.S. dollar value, so subscribers can compare trades that originated on different protocols and blockchains. A practical answer to fragmented execution Dune says its spot coverage spans more than 200 trading venues, with reports delivered roughly one second after the block containing a transaction. That is not the same as observing a trade before it settles, and it is not a universal record of every off-chain agreement or private execution. The distinction matters for market makers. A quote shown on one exchange may not reflect where the l...