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Dune acquires a16z-backed smlXL and launches new product Dune Echo

Blockchain analytics firm Dune made three announcements at its DuneCon event in Bangkok, Thailand, on Monday morning, including a new platform, the company's latest acquisition, and new metrics designed to track meaningful blockchain adoption. Today's launch of Dune Echo, a new product from the analytics firm that connects developers with real-time blockchain data across 30 chains, including Ethereum, its multiple L2 networks, and Solana, is currently in beta. Data for token balances and transaction queries is available within 300 milliseconds of block propagation. Dune also announced the acquisition of a16z-backed smlXL, a blockchain company whose products simulate real-time blockchain transactions. The value of the acquisition was not disclosed in the announcement.