Dune Cuts 25% Staff as Crypto Data Firm Shifts Toward AI and Institutional Growth

Crypto analytics company Dune has laid off 25% of its workforce as part of a broader restructuring aimed at sharpening its focus on core data products used across the crypto industry. Co-founder and CEO Fredrik Haga confirmed the move on Thursday, saying the company is repositioning for long-term growth.

Haga said Dune remains “well capitalized” despite the layoffs and is shifting resources toward artificial intelligence tools and increasing demand from institutional investors. The company has not disclosed the exact number of employees affected, but its LinkedIn profile shows around 150 staff, suggesting dozens of roles were eliminated.

AI Integration and Institutional Strategy Drive Restructuring

The CEO said Dune is becoming “all-in” on AI, highlighting its Model Context Protocol (MCP), which allows AI systems to interact directly with its platform. This enables users and automated agents to build dashboards and workflows without needing SQL or deep data infrastructure knowledge.

Broader Crypto Layoffs Reflect Industry Shift

Dune’s restructuring adds to a wider wave of crypto job cuts in 2026, with firms across the sector reducing headcount while adopting AI tools. The company also plans to expand data services for institutions as tokenized assets like currencies, stocks, bonds, and commodities continue moving onchain.