Covalent (CQT) is a leading Web3 data index provider. Today, developers and analysts can explore billions of data points on more than 210 blockchains. Covalent (CQT) is trusted by a large number of developers and is exerting its influence on more than 1000 applications. Covalents (CQT) growth reflects its solid foundation - the Covalent (CQT) database.
Cornerstone: Covalent (CQT) database
Covalent (CQT) At the heart of its success is the Covalent (CQT) database. This is a replica of all on-chain data that is constantly being updated. This foundational strength gives developers and analysts an environment to leverage extensive and structured Web3 data. By providing a canonical schema and targeted standardized data, Covalent (CQT) provides unique advantages to downstream applications, ensuring these applications become best-in-class.
Unified API: Accuracy, Versatility, Simplicity
The unified API is the core of Covalent (CQT) product components, providing solutions for well-known manufacturers such as 0x, Zerion, Rainbow Wallet, etc. The unified API is divided into three categories: A, B, and C, covering a wide range of areas, including providing token balances, specific token information, transactions, etc. The C-type API is the most unique, introducing a market for custom APIs to meet the diverse needs of protocols like Aave, Compound, and Yearn.
The importance of Unified API lies not only in its comprehensive coverage, but also in its user-friendly design and security. With a tamper-proof design and cryptographic proofs, it ensures the integrity and trustworthiness of the data accessed.
Increment: Transformative Business Intelligence
Increment is a business intelligence tool launched by Covalent (CQT). The tool is designed to allow analysts to drill down into on-chain data, gain better insights when making decisions, and visualize the data. As the Web3 space grows, Increment ensures analysts have the tools to deal with the complexity of blockchain data.
The importance of Increment lies in its ability to bridge the gap between complex blockchain data and actionable insights, and help analysts uncover the value hidden in the data through clear visualizations, facilitating insights into market trends, user behavior, and the entire on-chain world. A deeper understanding of trends.
GoldRush: A new frontier for blockchain journeys
GoldRush is an open source modular toolkit. GoldRush goes beyond the limitations of traditional platforms to deliver a dynamic and customizable experience. It enables users to customize data views and interactions according to their specific needs, solving the problem of difficulty in adapting to one-stop platforms.
The importance of GoldRush is to provide developers with a kit that is not a competitor to existing products. The product makes it freely accessible to everyone, paving the way for a customized browsing experience. GoldRush democratizes blockchain data exploration, allowing users to customize usage according to their own needs and redefine blockchain data access.
Covalent (CQT) Network: Long-term availability of decentralized data
As a multi-party platform, the Covalent (CQT) network captures and indexes blockchain data and distributes it across multiple points of the network, making it instantly accessible through queries to the unified Covalent API. The Covalent (CQT) network provides a decentralized, cryptographically secure Data Availability (DA) network that solves the problem of long-term availability.
At the core of the Covalent (CQT) network is data verifiability, achieved through cryptographic proofs. Every job on the network generates a certificate, ensuring that network operators act honestly and provide accurate data. As one of the first data middleware protocols to adopt a proof-based system for data verifiability, the Covalent (CQT) network has played a pioneering role in rebuilding the foundations of the web.
CQT: The backbone of the Covalent (CQT) network
As part of the Ethereum Backtracking Machine (EWM), the Covalent (CQT) network relies on CQT.
The CQT token is the staking and governance token of the Covalent network, deployed on Ethereum. The token facilitates the use of API queries, drives its functional usage, and creates demand for usage. At the same time, the staking mechanism ensures data integrity for network operators and participants, encourages responsible behavior, and ensures the verifiability of data on the network.
What’s more, the Covalent (CQT) network introduces a unique and necessary incentive structure to attract established data providers: network operators export raw blockchain data that can be leveraged on their platform or used for Internal analysis, earn CQT tokens by fulfilling Covalent (CQT) network responsibilities.
This structure promotes data integrity, supports strong data sharing practices, and ensures a reliable repository of historical blockchain data.
Covalent (CQT): Democratizing Web3 through innovation and technology
The story of Covalent (CQT) isn’t just about data, it’s a story about democratizing access, fostering innovation, and shaping Web3. Each product in the Covalent suite plays a vital role in this narrative, providing solutions that enable users, developers, and analysts to explore and thrive in the ever-evolving world of blockchain technology.
Covalent (CQT) is a leading Web3 data provider that provides indexing services for over 210 blockchains to more than 1,000 application partners. Its users include crypto-native DeFi protocols, NFT protocols, and companies like EY (EY) ), Fidelity, Jump, ConsenSys and other large companies.
Covalent (CQT) secures the largest and richest structured Web3 data sets in the world: a total of 59 TB of data and 88 billion transactions since the creation of more than 210 blockchains.
