Mastering Dune Analytics: Unlock Hidden Crypto Insights Before the Crowd

Track DeFi trends, NFT movements, and whale activity with Dune Analytics—your ultimate guide to on-chain data analysis.

Mar 03, 2025

In this edition, we explore how Dune Analytics is revolutionizing on-chain data analysis, making it easier than ever to track DeFi protocols, NFT trends, and whale activity. Whether you're a trader, investor, or analyst, Dune helps turn raw blockchain data into actionable insights and giving you a critical edge in the crypto markets.

By leveraging pre-built dashboards or crafting custom SQL queries, you can uncover hidden trends before they hit the mainstream. But mastering Dune isn’t just about data and understanding how to interpret it is key.

In this guide, we break down:
✅ What Dune Analytics is and why it’s a game-changer
✅ How to use it step-by-step, even if you’re new
✅ A real-world example: analyzing $FWOG on Solana

🤖 What is Dune Analytics?

Dune Analytics is a free blockchain data platform that lets you query, visualize, and share blockchain data using SQL. It supports multiple chains like Ethereum, Solana, and Polygon, making it a must-have for anyone serious about on-chain analysis.

🎯 Why Use Dune Analytics?

✅ Track DeFi Protocols: Monitor TVL, trading volume, and user activity.

✅ Analyze NFT Trends: Spot trending collections and key buyers.

✅ Monitor Token Movements: Keep an eye on whales and token flows.

✅ Find Alpha: Discover insights before they hit mainstream crypto Twitter.

📝 How to Use Dune Analytics (Step-by-Step)

Step 1: Create an Account

🔹 Go to Dune.com and sign up for free.

Step 2: Explore Pre-Made Dashboards

Dune has thousands of community-made dashboards. Some of the best include:

📊 Layer 2 Dashboard – Track Arbitrum, Optimism, zkSync, and Starknet stats.

🔄 DEX Dashboard – See which DEX has the most volume & market share.

👜 Wallet Analysis for Solana Memecoins – Paste a wallet address & analyze PnL, ROI, & trade volumes.

💎 ETH Staking Dashboard – Breakdown of top stakers, % staked, and staking flows.

📈 Token Analyzer – Track token accumulation & DEX activity across multiple EVM chains.

🔗 Check out the dashboards here

🔍 Step 3: Learn SQL for Custom Queries

Dune allows you to write SQL queries to extract exactly what you need. Here’s a basic example:

SELECT
    DATE_TRUNC('day', block_time) AS day,
    COUNT(*) AS transactions,
    SUM(value) AS volume
FROM ethereum.transactions
WHERE block_time > NOW() - INTERVAL '30 days'
GROUP BY 1
ORDER BY 1;

🔗 What does this do? It shows daily Ethereum transaction volume for the last 30 days.

📖 Learn SQL