Covalent (CQT)

Covalent (CQT) is a cryptocurrency that aims to provide a unified API for Web3 data, offering visibility to billions of data points within the blockchain ecosystem. With support for over 100 blockchains, Covalent’s API combines rich transaction data, smart contract information, and price feeds for fiat and crypto pairs. The platform’s vision is to empower Web3 pioneers by offering a robust and comprehensive blockchain data infrastructure.

Covalent’s API is designed to cater to various use cases across the blockchain industry. It can be used to build a crypto wallet interface, aggregate balances and positions for DeFi and NFT assets, create custom NFT galleries, and develop analytical dashboards for GameFi projects. Additionally, the platform provides a DeFi taxation tool and enables developers to build custom dApps using its API, promising limitless possibilities for data-driven applications.

As part of its mission to organize and democratize blockchain information, Covalent aims to be the world’s first decentralized network for deep, granular, and historical blockchain data. By leveraging a proof-based protocol, the Covalent Network ensures data verifiability and seeks to create a fair and equitable future for all data stakeholders. Users can also stake their CQT tokens to secure the network and earn staking rewards.