Covalent aims to provide a unified API for full transparency and visibility into blockchain data. It is designed to make it easier for developers, analysts, and traders to access and analyze blockchain data from multiple sources in a single platform.
Covalent is built on a decentralized network of nodes that index and query blockchain data in real time. The platform supports over 20 blockchain networks, such as Ethereum, BNB Chain, Polygon, and more.
The project aims to drive the web3 revolution by empowering the blockchain ecosystem with API and infrastructure that provide the richest and most robust on-chain data. As of May 2023, Covalent has indexed rich transaction data for over 100 blockchains since genesis, offers over 200,000 smart contracts with internal data structures for querying, and supports more than 30,000 price feeds for fiat and crypto trading pairs.
CQT is the native token of the Covalent network, and it is used to pay for transaction fees and access data services on the platform. Users can earn CQT by staking their tokens on the Covalent network and participating in network governance.
