Dune Introduces Real-Time Multichain Platform Sim

Dune’s Real-Time Multichain Platform ‘Sim’ Revolutionizes Blockchain Data Access

Dune has launched Sim , its real-time multichain platform, significantly enhancing blockchain data access. The initiative, led by CEO Fredrik Haga and CTO Mats Julian Rindal, integrates technology from the recently acquired smlXL, which powers its real-time capabilities.

Dune’s Expansion and Impact on DeFi

Sim enables developers to access low-latency blockchain data, essential for on-chain analytics. The acquisition of smlXL supports this mission, aligning with Dune’s established reputation in cryptocurrency analytics since 2018.

Dune acquired smlXL, underpinning Sim’s development by enhancing its data infrastructure. This allows for real-time wallet APIs across more than 60 blockchains, including Ethereum, Bitcoin, and Solana, affecting decentralized finance dynamics.

Analysts and developers gain immediate access to high-frequency data, significantly impacting decision-making processes in finance and trading. This platform is aimed at boosting efficiencies in DeFi metrics, providing critical insights.

“Without using Dune your project is blind.” — Anton Bukov, Co-founder, 1inch

Despite no new funding announcement, the acquisition involving a16z-backed smlXL indicates substantial institutional interest and support. This move highlights enhancements in blockchain’s accessibility and utility, especially for DeFi and institutional purposes.

Sim’s launch marks a continued trend towards improving blockchain integration and data transparency, potentially elevating standards in on-chain analytics and financial applications. The platform’s broad support anticipates further shifts in cryptocurrency data utilization.