<aside> ⚠️ The submission form is closed now. Thanks for participating - we’ll reach out soon to winners!

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Your (Re)Introduction to Dune Labels

Labels are a great way of simplifying complex on-chain interactions into easily understood “memes”. We’ve recently reorganized labels in Spellbook to make it much easier to navigate, contribute to, and utilize in analysis. While we’ve already seen the utility of manually labelled wallets such as CEX/Fund addresses, there is even more power to be had in query based labels (i.e. using some sort of model logic). We want to push for open-source labels that anyone can build upon.

Query based labels can be used in analysis to tell us more about who is performing a set of actions, as well as the hidden implied value of their actions. If you see a new NFT project with a large number of top 1% NFT trader labelled wallets minting, that’s a bigger signal than just ETH raised by the project.

Overview of Labels

You can find all the current labels and a contribution guide in the spellbook repo. It might look fancy, but it’s all just SQL files and documentation.

You can explore all existing labels with this query:

There are three types of labels:

• Identifiers: Most static labels should be this label type, as well as common usernames such as Farcaster, ENS, and Lens names. As a rule of thumb, identifiers should usually specify a unique entity name.
• Usage: These are the existing top volume and frequency (or some other percentile-able metric) within a domain and the usage of specific protocols. There must be some sort of ranking/percentile involved!
• Personas: These are for on-chain curated behaviors (like common CT memes) or protocol user tagging. They should be easily understood to non-analysts, though the underlying calculation methods may be more subjective.

These labels can exist on any blockchain we support, so on EVM chains like Ethereum, Fantom, Binance (BNB), Gnosis, Optimism, Arbitrum, Polygon, Avalanche, or even the testnet Goerli. We also support other chains such as Bitcoin and Solana.

Label Categories and Prizes

<aside> 💸 There will be a total of 1500 USDC up for grabs! Winners will also get Dune beanies, in grey or orange.

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The Smart Money category will have two prizes, 500 USDC each.

• Smart DEX Trader (Persona) 500 USDC
  • Which wallet addresses are the best performers when it comes to trading ERC20 tokens? You might draw some inspiration from this dashboard. There are also existing dex labels you could build off of.
• Smart NFT Trader (Persona) 500 USDC
  • Which wallet addresses are the best performers when it comes to trading NFTs? You should exclude wash trades. There are existing nft labels you could build off of.

These two are both pretty subjective, some things to think about are: