Worldcoin Integrates Dune to Offer On-Chain Data Insights for Its Layer-2 World Chain

• Worldcoin has partnered with Dune to improve data accessibility on its World Chain network.
• Dune’s tools will allow users to track decentralized finance (DeFi) metrics.

Worldcoin has partnered with data analytics platform Dune to enhance data accessibility on its World Chain. World Chain, the Ethereum Layer 2 solution developed on the OP Stack and connected to Worldcoin, will gain from Dune’s superior data instruments. Through this partnership, users and developers are given valuable information like the number of authenticated users and the metrics of the dapps developed on the network.

New: @DuneAnalytics is bringing enhanced data accessibility and insights to World Chain. pic.twitter.com/VCff6WrFMq

— Worldcoin (@worldcoin) October 11, 2024

As stated by the Worldcoin Foundation, this partnership will allow developers to look at actual usage scenarios and monitor the network’s performance. It is anticipated that the provision of such data will aid decision-making and foster innovation within the World Chain ecosystem. According to Remco Bloemen, Head of Blockchain at the Worldcoin Foundation, these tools will help users make the right choices that will foster growth and innovation within the platform.

Fredrik Haga, co-founder and CEO of Dune, said that integrating World Chain data into Dune will make it easier to monitor cross-chain activities. This will help users understand the utilization and expansion of the Dune platform.

World Chain is also compatible with World ID, World App, as well as the Worldcoin cryptocurrency. The blockchain will also connect to Ethereum and Optimism as part of the Superchain to enhance its offerings. This feature of identity verification in World Chain is expected to provide added value to the verified users through options such as access to block space and transactions without gas fees.

Focus Shift from Europe to High-Potential Regions

As reported by Crypto News Flash, Worldcoin has changed its focus from European markets and has started targeting markets with higher growth potential in Asia. This is in the backdrop of concerns raised in Europe over how Worldcoin has been collecting data, including the use of iris scans. According to the Managing Director of Worldcoin Europe, Fabian Bodensteiner, the company is focusing on the regions that are characterized by ‘larger dynamics’ and ‘bigger business opportunities’.

Nonetheless, Worldcoin is expanding its user base to 700 million people from the existing 7 million verified users, even amid regulatory issues. In this expansion, the Worldcoin Foundation has also renewed the community grants program by modifying the Request for Proposals (RFP) to foster more creativity within the Worldcoin environment. 

However, regulatory challenges have not been an issue for Worldcoin, as its native token, WLD, has been performing well in the last few days. As reported by CoinGecko, the token has risen by 10% within the past week and by 39% within the last month.  As of this writing, Worldcoin has been trading at $1.93, registering 20% in the last 24 hours.

Renowned crypto analyst World of Charts recently predicted a possible 200% increase for Worldcoin (WLD) after a bullish retest of the Falling Wedge pattern. It is worth noting that in April, the World Chain was announced to be launched on a blockchain with OP Stack and in collaboration with the web3 platform Alchemy.