Dune Analytics has announced the integration of Stellar into its platform, allowing users to explore key data on cross-border payments and tokenized assets, driving innovation in the blockchain ecosystem.
The recent integration of the Stellar blockchain network into the Dune Analytics blockchain analytics platform opens a new horizon for analysts and developers interested in this blockchain.
According to Dune Analytics, this collaboration will allow its users to explore a wide set of data related to the blockchain platform, including key metrics on network activity and the use of its native cryptocurrency, XLM. With this integration, Dune Analytics also positions itself as an essential platform for data analysis in the cryptocurrency market, especially in the decentralized finance (DeFi) and cross-border payments sectors.
Creating custom dashboards for deep Stellar analytics
In a recent statement, the Dune platform reported that the incorporation of Stellar will provide users Access to advanced tools to analyze blockchain activityThis includes essential data such as trading volume, token activity, and other indicators that will allow for a deeper understanding of this innovative blockchain ecosystem as a whole. From now on, analysts will be able to access data that reflects the actual use of the blockchain, making it easier to identify trends and patterns in different metrics, such as cross-border payments.
This integration will also allow Dune Analytics users to create custom dashboards that effectively visualize Stellar-related data. With the ability to analyze transaction volume and the overall network health, developers will be able to optimize their applications and services based on up-to-date and relevant information. The ability to explore blockchain network activity through the platform also represents a valuable opportunity for those looking to innovate in the realm of remittances and asset tokenization.
Dune highlighted the choice of Stellar, emphasizing that it is one of the most efficient and affordable blockchain networks for cross-border payments and also one of the most innovative for asset tokenization.
“By integrating Stellar into Dune, we are offering the community the opportunity to explore on-chain data that is crucial to understanding the dynamics of global payments and asset tokenization.”, he highlighted Fredrik Haga, co-founder and CEO of the Dune platform.
Dune Analytics drives growth in the cryptocurrency industry
For the developers of Dune Analytics, the provision of Stellar data on their platform has the potential to drive innovation in the blockchain ecosystem. According to the release, interactive dashboards that users can create around key blockchain network metrics can provide deeper insights, for example, into how tokenized assets are being used, thus offering an analytical capability that is crucial for developers and analysts who need to better understand the impact of their projects on the market.
With access to this detailed data about Stellar, Crypto professionals can also refine their strategies and develop applications that respond to market needs.For example, remittance data will enable businesses to identify opportunities to improve their services and offer more efficient solutions. Therefore, integrating Stellar into Dune not only facilitates data analysis, but also fosters an environment where innovation can flourish.
Another important point that the platform highlighted is that by integrating metrics on Stellar, it is promoting the accessibility of this data and democratizing access to valuable information of the blockchain ecosystem. All of this will allow a broader range of users, from developers to researchers, to participate in the evolution of the digital ecosystem.
This accessibility is also seen as critical to the growth of the Stellar community and its global adoption, Dune Analytics said.
Dune to integrate 100 blockchains into its platform by the end of the year
The recent integration of Stellar is part of Dune Analytics’ vision to become a leading blockchain and cryptocurrency data analytics platform in the crypto industry.
The platform revealed that aims to integrate 100 blockchain networks into its platform by the end of this yearThis ambitious plan reflects Dune’s commitment to becoming a one-stop hub for data analytics in the crypto space, offering users access to a variety of data from different digital ecosystems.
By the end of this year, the platform hopes to provide unprecedented access to data from multiple blockchains, offering analysts and developers powerful tools to explore and understand the ever-evolving landscape of cryptocurrencies and decentralized finance. This vision will not only benefit the platform’s users, but will also contribute to the overall growth of the blockchain ecosystem by facilitating information sharing and collaboration between different projects.
With the addition of the Stellar blockchain network, Dune has taken a significant step towards realizing this vision, unlocking access to an ever-growing set of data that will enable users to make informed, strategic decisions and help accelerate innovation and improve efficiency in the sector.
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