How to Use Dune to Navigate Your Web3 Journey With Precision
As we’ve established, the overwhelming volume of onchain data and technical complexity is often a major obstacle for any web3 user to step into data analysis. With that, this course is curated to guide you on the first step in your data analytics journey.
How to Use Dune
When diving into the Web3 space, having the right tools to navigate and analyze blockchain data is crucial. The dashboards on Dune are constructed to display specific data that are typically presented in lists or visualized into bar charts and graphs. However, note that Dune does not store the blockchain’s state data itself; instead, it presents the latest data retrieved by the Structured Query Language (SQL).
We’ve put together five essential dashboards you should explore to help you get started on analyzing onchain data.
Token Analytics Dashboard
The Token Analytics Dashboard is where you’ll find a comprehensive view of token distributions, transactions, holder activities, volume, and performance of each token. It’s particularly useful for token issuers and investors looking to track the performance and distribution of individual tokens.
DEX Trading Dashboard
DEX Trading Dashboard houses the data on decentralized exchanges, analyzing trading volumes, liquidity, trade sizes, slippage, and market shares. These insights allow traders and liquidity providers to optimize their strategies based on trading patterns and historical data.
NFT Market Overview Dashboard
The NFT Market Dashboard is built for NFT creators, collectors, and traders seeking a deeper understanding of market trends and pricing as it features an overview of volume, sales, and overarching trends from NFT transactions across leading platforms.
Airdrop Tracking Dashboard
To improve the chances of receiving airdrops, airdrop farmers can utilize the Airdrop Tracking Dashboard to study past airdrop events and monitor market trends. Likewise, projects can use this tool to optimize their campaigns and curate a precise go-to-market (GTM) strategy for a successful airdrop event.
Crypto Narratives Dashboard
In the ever-turbulent crypto market, staying informed on market trends and the narratives behind each movement is a competitive advantage. These data points on the Crypto Narratives Dashboard range from high-value transactions to market-driving narratives and the correlation between the respective narratives and volume traded.
Building Your Data Analytics Dashboard
As you progress through your web3 data analytics journey, you’ll find that existing dashboards can be limiting as they’re built for purposes that may not align with your intent. That’s when you’re ready to establish your customized dashboard.
As a prerequisite to creating your dashboard on Dune, you’ll need a Dune account and a basic understanding of SQL and blockchain concepts. Sign up for your free Dune account here.
Query Blockchain Data – Begin by constructing the SQL queries using Dune’s Query Editor, writing the SQL, and testing it to ensure correct execution. For a more detailed guide on writing queries, check out this article.
Create a visualization – After executing a query, the results will be displayed in a table under the Query Editor. The next step is to create a visualization to showcase these raw data in a coherent format such as a chart or a graph. You can format the X and Y axes to enhance readability.
Finalize your dashboard – The final step is to combine all your charts into one dashboard that provides an overview of your data analytics. You will still have the option to add or edit widgets after the dashboard is published.
Now that you have the basics of web3 data analytics, head over to dune.com to kick off your journey!