DeFi

Enhance

Flare

Blockchain for data <a href="https://flare.network/" target="_blank" rel="noopener noreferrer nofollow">Flare</a> has announced an official integration&nbsp;with <a href="https://dune.com/" target="_blank" rel="noopener noreferrer nofollow">Dune</a>, the leading web3 analytics dashboard. Dune’s extensive array of data analysis tools can now be used by Flare developers and users to get deep insights into the Flare blockchain and its evolving&nbsp;DeFi protocol ecosystem.
The Dune integration&nbsp;makes it simple for the Flare community to visualize, query, and engage with onchain metrics that provide important information about transaction volumes, network activity, active addresses, and general performance. Kinetic, SparkDEX, Sceptre, and other Flare projects have already started building <a href="https://dune.com/blockchains/flare" target="_blank" rel="noopener noreferrer nofollow">specialized dashboards</a> using real-time data to guide trading and development decisions.
Users may turn raw&nbsp;blockchain data into useful insight thanks to Dune’s user-friendly approach to blockchain analytics. Both novice and seasoned data analysts may take use of Dune’s sophisticated capabilities thanks to its educational matierals, which include a specialized video series and an upcoming Flare documentation page. Flare users may monitor changing market dynamics and spot growth prospects with the use of metrics like smart contract interactions, wallet adoption, and cross-chain liquidity flows.
Hugo Philion, Co-founder of Flare and CEO of Flare Labs, said:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “The ability to visualize onchain data empowers users to tell compelling stories about blockchain ecosystems. Incorporating Dune into Flare’s ecosystem adds an essential layer of credibility, transparency, and community-driven analytics that will help drive innovation on Flare.”
</blockquote>
Along with increasing data accessibility, Flare is launching Illuminate Flare, a bounty&nbsp;program that promotes community involvement in analytics creation. Building Dune dashboards that emphasize important Flare metrics, encourage data transparency, and enhance comprehension of the network’s performance is open to participants. Prizes will be awarded to participants, encouraging people to share and improve their insightful content.
By giving developers, validators, and community members access to robust analytics tools, the Dune integration strengthens Flare’s standing as a blockchain built for data-intensive use cases. Dune’s data-driven insights will assist the creation of significant, user-centric decentralized apps, promote informed decision-making, and speed ecosystem expansion as more projects and assets appear on Flare.
Flare is the blockchain for data: an EVM smart contract platform made especially to handle use cases involving a lot of data, such as social, gaming, RWA tokenization, and machine learning/artificial intelligence. Flare is the first smart contract platform designed for decentralized data collecting, including price and time series data, blockchain event and state data, and web2 API data, thanks to its decentralized, enshrined&nbsp;oracles that are secured&nbsp;at the network layer. Flare increases the usefulness of blockchain and facilitates the creation of new and enhanced use cases by providing developers with trustless access to the widest variety of data and data proofs at scale and at a low cost.
One of the top data analytics platforms that makes onchain data more accessible is Dune. Moreover, Dune gives people and teams&nbsp;the ability to query, visualize, and share information on token performance, protocol use, and wallet activity across several blockchain networks via a user-generated content approach. Dune contributes to better web3 decision-making by encouraging openness and community cooperation.

Flare Integrates with Dune to Enhance Blockchain Analytics and Community Insights

TheNewsCrypto

Other articles published on Dec 10, 2024

Regret Missing Turbo’s Rise? Here’s Why BTFD Coin’s Massive Return Potential Makes It One of the ...

Crypto Market Crash Wipes Out $1.76 Billion in Liquidations

Could quantum computing threaten Satoshi Nakamoto’s 1 million Bitcoin?

Binance Launches New Futures Trading Pairs

Ripple Achieves Significant Legal Victory and Moves Forward

Bitmain Expands to U.S., Boosting Bitcoin Miner Supply Amid Trade Tensions

Join our free newsletter for daily crypto updates!