/
Leading provider of comprehensive Web3 data infrastructure.
Covalent is an innovative force within the blockchain ecosystem, designed to address critical challenges and streamline the processes involved in accessing blockchain data for various applications. By offering a unified, multi-chain API, Covalent provides developers with the necessary tools to efficiently retrieve and utilize data from over 100 blockchains. This fosters the development of decentralized applications (dApps), NFT projects, and platforms within the decentralized finance (DeFi) sector. The multi-chain data aggregation capability is a significant driver in reducing the operational complexity and cost of building applications that require cross-chain compatibility. This infrastructure is built not only for ease of use but also catered to support instantaneous data processing which is increasingly vital in high-throughput environments. Ameliorating the blockchain latency problem, Covalent's Sub-Second Data Co-Processor emerges as an essential tool optimized for applications demanding real-time data interaction and processing, profoundly enhancing the operational dynamics for developers working on speed-critical deployments.
Covalent is an innovative force within the blockchain ecosystem, designed to address critical challenges and streamline the processes involved in accessing blockchain data for various applications. By offering a unified, multi-chain API, Covalent provides developers with the necessary tools to efficiently retrieve and utilize data from over 100 blockchains. This fosters the development of decentralized applications (dApps), NFT projects, and platforms within the decentralized finance (DeFi) sector. The multi-chain data aggregation capability is a significant driver in reducing the operational complexity and cost of building applications that require cross-chain compatibility. This infrastructure is built not only for ease of use but also catered to support instantaneous data processing which is increasingly vital in high-throughput environments. Ameliorating the blockchain latency problem, Covalent's Sub-Second Data Co-Processor emerges as an essential tool optimized for applications demanding real-time data interaction and processing, profoundly enhancing the operational dynamics for developers working on speed-critical deployments.
Covalent is a decentralized technology company that bridges the gap between centralized databases and blockchain technologies by providing a Unified API for data analytics. Its primary purpose is to offer comprehensive, transparent, and reliable data insights across multiple blockchain networks, facilitating its use for investors, developers, and data analysts to enhance decision-making and foster innovation in DeFi, NFTs, and more.
Covalent's Unified API streamlines data access by aggregating comprehensive data from various sources into a single interface, enabling real-time insights into blockchain assets and transactions. This makes it an invaluable tool for creating wallet trackers, customer-facing analytics, and tax reporting tools, enhancing resource allocation and organizational utility for developers and enterprises.
Covalent stands out due to its decentralized approach to data indexing and extraction, which offers full transparency and visibility into blockchain networks without compromising decentralization. By processing billions of data points, Covalent delivers actionable insights efficiently, solving infrastructural challenges and accelerating blockchain adoption in industries like finance and retail.
Covalent bolsters the infrastructural backbone of Web3 by enabling efficient and scalable data querying across different blockchain platforms. Its Unified API fosters interoperability and innovation within the blockchain ecosystem, supporting various Web3 applications, thereby accelerating enterprise and consumer adoption across multiple industries.
Operating on the Ethereum platform, the Covalent Query Token (CQT) facilitates the decentralized operations within the Covalent ecosystem. It supports network governance, rewards, and data querying, with a substantial supply of 856 million tokens circulating, encouraging community participation and efficient data access to enhance the overall performance of blockchain networks.
Covalent began as a hackathon project in 2017, evolving into a commercialized service due to its potential. It gained significant traction by securing venture capital from prominent investors like Woodstock Fund and Mechanism Capital. Covalent solidified its market presence with a $10 million funding round on CoinList, introducing the Covalent Query Token (CQT), integral to its operations and growth.
