Flare, a smart contract platform, has officially integrated with Dune, a leading analytics platform for Web3 data. This integration provides Flare developers and users with access to Dune’s robust suite of data analysis tools. Now they can gain valuable insights into the Flare blockchain and the growing ecosystem of DeFi protocols.
Dune integration transforms data analytics for Flare users
With this integration, the Flare community can easily handle on-chain data through this platform. It is now possible for users to visually analyze and explore the data on network traffic, transaction frequency and addresses. This visibility includes overall blockchain performance that helps developers make the right decisions when it comes to forming relevant strategies. Products like Kinetic, SparkDEX, and Scepter have already started deploying dashboards on Dune for real-time development and trading use cases.
Dune’s focus when it comes to blockchain analysis is on usability. It allows users to distill data into actionable, actionable intelligence. There are educational resources available for both a novice and a more experienced analyst, such as a video tutorial and a page of documentation specifically dedicated to Flare. Metrics such as smart contract traffic and wallet usage can provide information about market changes and potential growth opportunities.
Flare and Dune collaborate to stimulate innovation and growth
Flare was founded by Hugo Philion, who explained that the main idea of the Flare Network is to visualize on-chain data to tell meaningful stories about blockchain systems. He explained that Dune’s inclusion in Flare resources improves credibility, transparency, and decentralized analysis. This is important to drive innovation and growth in the Flare platform and provide a foundation for a more engaged and knowledgeable user.
To further facilitate people’s participation, Flare is introducing the “Illuminate Flare” bounty program. This call challenges participants to develop Dune dashboards that display Flare metrics including the FLD. Users will be compensated for their efforts to encourage people to produce good information.
Finally, Flare focuses heavily on becoming a blockchain for data use cases in this way. So thanks to Dune integration, developers, validators, and community members have some pretty effective tools at their disposal.
Credit : cryptonews.net
