Dune acquires smlXL backed by a16z and launches new product Dune Echo

ChainCatcher news, according to The Block, blockchain analytics company Dune announced three items at the DuneCon event held in Bangkok, Thailand, on Monday morning, including a new platform, the company's latest acquisition, and new metrics aimed at tracking meaningful blockchain adoption.

Launched today, Dune Echo is a new product from the analytics company that connects developers with real-time blockchain data across 30 chains, including Ethereum, its multiple L2 networks, and Solana, currently in testing. Data on token balances and transaction queries can be accessed within 300 milliseconds after block propagation.

Dune also announced the acquisition of a16z-backed smlXL, a blockchain company whose products can simulate real-time blockchain transactions. The announcement did not disclose the value of the acquisition.