Dunethe leading platform for on-chain analytics, will integrate data from more than 50 parachains into the Polkadot ecosystem. Dune will expand its oversight of Polkadot with data tailored to investors, developers and researchers.
Dune Analytics hosts data from over 50 parachains on Polkadot. The new influx will provide insight into the entire Polkadot ecosystem, where most projects remain invisible. Dune will offer data aimed at investors, developers and data analysts. The data dashboards are built with input from the Colorful Notion team. Dune has set up a process for integrating new parachains to scale the data as Polkadot grows.
Colorful Notion is a Polkadot ecosystem team handle the specialized data of the Web3 hub. Before the expanded partnership, Colorful Notion worked with individuals parachains to build their Dune dashboards.
The Dune integration gives users access to the Dune API, allowing them to convert queries into API endpoints. The dashboards will be useful for developers and analysts to process the data directly in their own applications.
Previously, Dune Analytics stored data for Polka dotKusama, and six more prominent parachains. The new dashboards will display data from Polkadot in real time. Polkadot’s parachain system includes projects with varied use cases, each producing a specific type of data. Parachains are mostly used for DeFi purposes, creating the need to track liquidity.
Polkadot also hosts bridge parachains, app chains, smart contract hubs, and others. Will include newly added parachains Moonbeamspecialized in smart contracts and cross-chain DeFi; Acalaknown as Polkadot’s hub for decentralized finance; Phalawhich focuses on privacy-first DePIN and AI solutions; And Mythosa protocol that brings AAA decentralized gaming and wildly popular franchises to Polkadot.
Dune will present dashboards showing transaction flows, DeFi analysis, gaming developments and NFT activity.
“Polkadot and its substrate-based chains form a vast and complex ecosystem. With this integration of more than 50 parachains, our goal is to make that complexity easier to navigate. We want to give people a clear, accessible view of what’s happening within the network so they can focus on innovation and building with confidence.”
said Dune CEO Fredrik Haga.
To date, Dune hosts more than 700,000 community-created dashboards with curated selections for the best data sources. Recently, the Dune API release brought the data to life for third-party apps. The platform enables automated reporting, alerts and detailed tracking of specific wallets or transactions.
Dune has also become a tool to showcase lesser-known chains. To date, most Solana ecosystems and EVM-compatible chains are represented through community-generated dashboards and data panels. Polkadot will gain more control over its parachains and expand the available community data boards.
Polkadot aims to regain growth
Polkadot is a long-running ICO project that became key to the Web3 ecosystem. The parachains model is one of the solutions for scaling up. Parachains provide a way to launch apps cheaply, while having the same security as larger chains. Polkadot itself aims to scale Ethereum, but is not directly EVM compatible. The Polkadot hub still relies on bridging Ethereum, although it has a relatively complex ecosystem. Three main courses bridges operate on Polkadot for specific asset and liquidity purposes.
Polkadot parachains also compete for influence in the field of value locked. The Dune dashboards will reveal additional liquidity features and signs of activity. Currently, Moonbeam, Astar and Hydration have the largest liquidity share.
Polkadot is also known for its large-scale marketing, placing a premium on social media through influencers. However, the project may turn away from the overspending on publicity and instead return to its technical roots.
DOT, Polkadot’s native token, is currently trading at $4.12 after surging above $10 during the peak of the 2024 bull market. Despite the low token price, Polkadot continues to use its reserves to build while remaining a prominent Web3 platform.
Polkadot parachains are also a dedicated activity center, requiring additional developer skills. Developers are also evaluating the capabilities of parachains versus EVM smart contracts, in an effort to reduce the complexity of Polkadot tools. The new Dune dashboards may provide more insight into Polkadot’s strengths and weaknesses. Interoperable chains still face limitations, with only $45 million locked in 21.co, a cross-chain liquidity app.
Cryptopolitan reporting by Hristina Vasileva