Dune, an on-chain analytics firm, announced a 25% workforce reduction as it shifts focus towards developing AI-powered data tools for institutional investors. CEO Fredrik Haga described the layoffs as a strategic move to enhance the company's core analytics products and cater to the growing institutional market. The firm plans to invest in AI capabilities, including its Model Context Protocol, which allows AI systems to interact with Dune's platform without requiring SQL expertise. The layoffs, affecting approximately 37-38 employees, align with broader industry trends as crypto and tech companies adjust to AI-driven efficiencies and challenging market conditions. Despite the cuts, Dune remains well-capitalized and committed to its institutional-focused roadmap. This move follows similar actions by industry peers like Coinbase and Block, which have also reduced staff in response to market shifts.