The blockchain analytics firm reduces staff amid broader industry job cuts, citing a shift toward institutional data products.
Dune, a crypto data analytics provider, has laid off 25% of its workforce as part of a restructuring effort. The company stated it will focus on expanding its institutional data services, targeting onchain markets for currencies, stocks, and commodities.
The move follows over 5,000 job cuts across major crypto firms this year, including Block Inc.’s 4,000 layoffs in February. Exchanges Gemini and Crypto.com also reduced headcount earlier in 2026, attributing efficiencies to AI adoption. Tech sector layoffs in the U.S. have exceeded 100,000 year-to-date.
Dune’s restructuring reflects ongoing consolidation in crypto markets as firms adapt to slower growth and technological shifts.