Dune launches real-time onchain trading data feeds for tokenized markets

Dune, best known for the SQL dashboards crypto analysts use to dissect blockchain activity, now wants a seat on Wall Street’s trading desks. The company has launched real-time market data feeds covering trades from more than 200 onchain venues across 12 blockchain networks. The target audience is institutions, not hobbyists. What Dune is actually selling The new product delivers both spot and perpetual futures trade data from decentralized venues. Supported networks include Ethereum, Solana and BNB Chain. Perpetual futures, for the uninitiated, are derivatives contracts with no expiration date. Traders can hold leveraged positions on an asset’s price indefinitely, which has made perps one of the most heavily traded products in crypto. Dune is aiming the feeds at hedge funds, asset managers, market makers and brokers. The pitch is that these firms can pipe onchain price discovery directly into the market data systems they already run. The coverage claims are ambitious. Dune says the feeds capture around 90% of onchain spot trading volume. On the derivatives side, perpetual trading volume across the covered venues is estimated at approximately $9 billion per day. Speed is where thing...