Crypto analytics company Dune has introduced real-time market data feeds for onchain trading venues, targeting hedge funds, asset managers, market makers and brokers as interest in tokenised markets continues to grow.
The company said its new spot-market feeds provide trade information about one second after execution. They cover more than 200 onchain venues across 12 networks, including Solana, Ethereum, Base, BNB Chain and X Layer.
Dune’s perpertuals data feeds will monitor trading on Hyperliquid and Lighter, according to a statement released on Thursday.
The new service is designed to bring onchain market information into the same systems used by financial firms to monitor listed markets.
“Hedge funds, asset managers, market makers and brokers can now follow onchain price discovery in the same systems they use for listed markets,” Dune said.
The company’s move comes as regulators and financial firms explore tokenised versions of conventional assets, including US-listed shares.
Dune said onchain trading had “grown too big” to be excluded from the wider market data infrastructure. It pointed to a decision by the Securities and Exchange Commission last month to grant a five-year exemption allowing certain venues to trade tokenised versions of US-listed stocks without registering as exchanges.
Earlier this month, OKXICE, the joint venture between OKX and NYSE parent Intercontinental Exchange, notified the SEC of plans to launch a tokenised securities trading venue under the innovation exemption.
Dune said OKXICE had since filed to list 63 tokenised stocks on X Layer.
Fredrik Haga, Dune’s co-founder and chief executive, said onchain activity already accounted for a significant share of spot cryptocurrency trading.
“Onchain trading now represents about 25% of all spot crypto trading volume, and the SEC is paving the way for stocks and other instruments to also benefit from onchain trading venues,” Haga said in the statement.
He said the company’s expansion into real-time data was intended to give users a clearer view of the instruments available across different venues and the prices at which they were trading.
“Now we are expanding to real-time feeds, including rich reference data, so anyone can trade with clarity and confidence about which instruments trade where, and at what prices,” Haga added.
The feeds are therefore intended to combine immediate trade information with reference data, allowing users to identify where particular instruments are available and compare their prices across onchain venues.
