1inch is a leading decentralized finance (DeFi) platform that empowers Web3 users by aggregating liquidity from hundreds of sources across multiple blockchains. Their core products, including the 1inch Aggregation Protocol, 1inch Liquidity Protocol, 1inch Limit Order Protocol, and 1inch Wallet, offer users the best rates for token swaps. As 1inch continues to grow, their partnership with Dune has been instrumental in achieving data transparency and optimizing on-chain metrics.

Initial Goals

When 1inch first started using Dune, their primary focus was to make data transparent and easily accessible for users. They wanted to build a clear system to track on-chain metrics across different blockchains and create user-friendly dashboards for each of their products. By having easy-to-consume insights, both technical and non-technical teams at 1inch could make better decisions, faster.

According to Sergej Kunz, co-founder of 1inch, "Dune has allowed us to turn complex data into actionable insights, which makes it possible for all our teams to work more efficiently. Transparency and ease of use were key factors when we chose Dune as a partner."

Outcomes of Using Dune

The collaboration between 1inch and Dune led to some major improvements. One of the biggest wins was being able to streamline their workforce. Instead of relying on a large data engineering team, 1inch could manage all their analytics needs through Dune’s platform.

A major breakthrough came from using Dune Spellbooks, which allowed the team to drastically reduce code complexity. Instead of writing long, complex SQL queries, they could now do the same tasks with just 30-50 lines of code, saving them a lot of time and effort.

Additionally, by integrating the Dune API, 1inch brought real-time analytics into their internal tools. This allowed them to monitor data continuously and make informed decisions on the fly, improving the agility of their operations.

Impact on the Business

1inch saw improved efficiency across the board, as data became more accessible and teams were able to make decisions faster. The ease of access to real-time data allowed the organization to become more agile and responsive to market changes.

Dune’s charts also had a huge impact on 1inch’s data visualization capabilities. All of their on-chain metrics are now covered comprehensively, and the data is presented in visually appealing dashboards. This helps with both day-to-day operations and long-term strategic planning.

For a closer look at how 1inch is using Dune, check out their dashboards:

‍Looking Ahead

1inch is continuing to push the envelope with Dune’s tools. The team is currently working on research related to cross-chain data and chain abstraction, and they’re planning to update their Dune dashboards as they roll out new product features. With Dune as a key partner, 1inch is excited about exploring new ways to leverage on-chain data for even greater transparency and user experience.

As 1inch continues to innovate, Dune will remain an essential part of their data strategy.

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