Convexly vs Dune for prediction markets
Different tools for different jobs. Dune hands you SQL and a blank dashboard over raw on-chain data. Convexly hands you a finished read on one narrow question: does a prediction-market wallet's record separate from chance?
Side by side
| Dimension | Dune | Convexly |
|---|---|---|
| Primary job | Build-your-own SQL queries and dashboards over raw on-chain data across many chains | Finished statistical read of prediction-market wallet skill: does a record separate from chance |
| Coverage | Many chains and any on-chain table you can query | Prediction markets, primarily Polymarket (cross-venue only via the published V1-M paper) |
| Who does the analysis | You write the SQL and build the charts | The read is finished and reproducible; the method is frozen and version-controlled |
| What a wallet result means | Whatever your query returns: raw rows or aggregates you define | A four-state statistical read (skilled / not separable from chance / insufficient / flagged), each state with a frozen threshold |
| Uncertainty | Not provided by default; you add it yourself | Every skill read carries a BCa bootstrap 95 percent interval and its resolved-position count; a point estimate is never published alone |
| Multiple-testing correction | Not built in | Benjamini-Hochberg FDR correction across every cohort screen (primary q = 0.10, with q = 0.05 / 0.20 sensitivity in enterprise work) |
| Chance baseline | Not built in | Size-matched negative control: 500 seeded random cohorts run through the identical test in enterprise cohort audits |
| Negative results | Not part of the product | Published, including against its own cohort: 0 of 35 testable top-50 wallets cleared the corrected bar (2026-06-09 scan) |
| Best for | Exploring raw on-chain data your own way, across chains and tokens | Deciding whether a prediction-market record is evidence of skill before acting on it |
"Not built in" is descriptive, not a criticism: a general query surface and a finished audit layer are optimizing different things. You can build a lot in Dune; the point is you build it.
What Dune does well
Dune's strength is flexibility. It exposes raw on-chain data across many chains as SQL, so you can ask almost any question and shape the answer into the dashboard you want. If your question is "let me query this data my own way and chart it", that is the job Dune is built for, and prediction markets are one small dataset among many you can reach. The tradeoff is that the analysis, and its correctness, is yours to write.
What Convexly does differently
Convexly is not a query surface. It ships one domain already analyzed: prediction-market wallet skill, primarily on Polymarket (cross-venue claims only via the published V1-M paper). You do not write the statistics; they come finished and reproducible. Concretely:
- A four-state skill read (skilled / not separable from chance / insufficient / flagged) instead of a raw PnL rank you assemble yourself, with every state gated by a frozen threshold.
- Every read carries a BCa bootstrap 95 percent interval alongside the resolved-position count it is based on; a point estimate is never published on its own.
- Cohort screens apply a Benjamini-Hochberg false-discovery-rate correction, and enterprise cohort work is anchored by a size-matched negative control of 500 seeded random draws.
- Nulls are published, including against Convexly's own board: in the frozen 2026-06-09 scan, 0 of the 35 testable wallets in the published top-50 cohort cleared the corrected bar (full table).
- Methods are frozen and version-controlled, and follow-up test designs are filed in public registries before the analyses run, as a standing practice documented on the research index.
Which one for which job
Exploring raw on-chain data your own way, across chains and tokens, and building the charts to match: Dune. Deciding whether a specific prediction-market record is evidence of skill before you act on it, including before you copy it: Convexly. The two are complementary, and the honest answer for many desks is both. You can even query the same wallets in Dune and bring them to Convexly for the skill-vs-luck read.
Frequently asked
Is Convexly a replacement for Dune?
What does Dune do better than Convexly?
What does Convexly do that a SQL and dashboard tool does not?
Which one should I use before following a trader?
Related
- /compare/convexly-vs-nansen: the same honest comparison against the broad on-chain wallet-intelligence platform
- /learn/realized-edge: the statistic behind Convexly's four-state read
- /learn/false-discovery-rate: why screening many wallets requires a correction