Dune Cuts 25% of Staff Amid AI-Driven Restructuring

Blockchain data platform Dune has laid off a quarter of its workforce, citing AI-driven efficiency gains as the primary reason. CEO Fredrik Haga framed the move as a strategic shift rather than financial distress, emphasizing a renewed focus on core data products and institutional adoption.

The company is doubling down on AI tools like Dune MCP, which eliminates the need for SQL expertise in querying onchain data. Simultaneously, Dune plans to cater to financial institutions as traditional assets migrate to blockchain infrastructure.

Haga specifically differentiated these cuts from cost-saving measures, positioning them as necessary steps to align with technological advancements in crypto analytics. The restructuring reflects broader industry trends where AI is reshaping workforce requirements across blockchain data services.