Crypto information firm Dune mentioned it’s shedding 25% of its workforce, citing a have to restructure its enterprise to give attention to its core merchandise.
“We’re restructuring Dune to sharpen our focus across the core information merchandise 1000’s of consumers throughout the crypto trade depend on,” Dune co-founder and CEO Fredrik Haga posted to X on Thursday. “That sadly means we’ve let 25% of the crew go this week.”
Haga didn’t share the variety of workers who had been laid off. The corporate’s LinkedIn reveals about 150 workers. Haga mentioned the corporate remained “effectively capitalized” and that Dune was “all-in” on synthetic intelligence and rising institutional curiosity in crypto.
Layoffs and closures are rising throughout the crypto and tech sectors this 12 months, with many firms citing AI as each a assist and a hindrance.
Simply this month, Coinbase cut 700 employeesor about 14% of its workforce, on Could 5, citing a rise in AI use, whereas the crypto information outlet DL Information shuttered on Friday, citing a part of the rationale was decreased attain in web search outcomes on account of AI aggregation.
Haga mentioned that Dune’s Mannequin Context Protocol, or MCP, which permits AI to work together with the platform, means “groups and brokers can now construct dashboards and workflows without having to know something” about information infrastructure or SQL, a programming language for databases.
Supply: Fredrik Haga
He added the corporate would even be “investing closely” in its information services for establishments, as the corporate sees “currencies, shares, bonds, commodities and extra” are shifting onchain.
Associated: How AI became crypto’s favorite reason to cut staff
Dune’s cutbacks add to the greater than 5,000 jobs eradicated at main crypto firms this 12 months.
Block Inc. undertook the most important spherical of layoffs of a crypto firm to this point in 2026, halving its workforce and reducing 4,000 staff in February.
The crypto exchanges Gemini and Crypto.com additionally laid off 200 and round 180 workers, respectively, earlier this 12 months, with every citing the rising use of AI for effectivity beneficial properties.
Layoffs are additionally widespread within the US tech sector, with 137 firms reducing practically 109,000 jobs to this point in 2026, in keeping with data from Layoffs.fyi.
Journal: Guide to the top and emerging global crypto hubs: Mid-2026
