Crypto data firm Dune is laying off a quarter of its staff, according to an announcement from co-founder and CEO Fredrik Haga.
“We’re restructuring Dune to sharpen our focus around the core data products thousands of customers across the crypto industry rely on,” Haga said Thursday morning on X. “That unfortunately means we’ve let 25% of the team go this week. These are exceptional people I can wholeheartedly recommend — ping me if you’re hiring top crypto talent.”
The move comes amid a rising trend of cutbacks across the crypto industry, with particularly notable examples at media and data firms. This year, Blockworks and DL News both shut down their entire newsrooms to focus more on crypto-related research and data products.
Exchanges have also made notable cutbacks, including Coinbase, which trimmed 14% of its staff, and Gemini, which recently drastically reduced its C-suite. Other fintech firms, including Block, have also reduced staff, citing efficiencies from AI.
In his post, Haga cited Dune’s AI investments as a motivating force for the layoffs.
“With Dune MCP, teams and agents can now build dashboards and workflows without needing to know anything about SQL nor data infrastructure (and associated bills),” he said, noting AI has become a core feature of Dune’s data suite.
Haga also noted the decision comes as institutions increasingly embrace crypto. “As currencies, stocks, bonds, commodities and more move onchain, we’re investing heavily in our data layer and white-glove service to power institutions,” he said.
Dune remains “well capitalized,” Haga said. The firm last raised capital during a $69,420,000 Series B led by Coatue in 2022.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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