Basics

  • Founded in:
  • Mainnet release:
  • Based in:
  • Blockchain data provider

History

"Today, we’re excited to announce the launch of the @Covalent_HQ Network; the decentralized data infrastructure layer of Web 3.0. This launch will gradually move the platform beyond a centralized blockchain data API."

Token

Launch

Token allocation

Utility

Token Details

Stablecoin

Coin Distribution

Technology

How it works

"Covalent is a Unified REST API service which gives visibility to Billions of Blockchain data. To query this API, you need an API KEY. When you sign up and create an account, you're assigned an API KEY."

Mining

Staking

Liquidity Mining

Layer Two

Different Implementations

Interoperability

Other Details

Privacy Method being used

Compliance

Oracle Method being used

Their Other Projects

DEX

Governance

  • At the moment (30-3-2021) users have to create a user account at Covalent to access APIs.

"The Covalent Network will resemble a virtual, global co-operative for blockchain data and will be governed by the Covalent Query Token (CQT) which will allow holders to propose, vote on, and make changes to the parameters of the network."

DAO

Treasury

Upgrades

Roadmap

  • Can be found [Insert link here]
  • Covalent said (26-3-2021) the team is expecting to index a total of 12 blockchains by the end of the year.

Audits

Bugs

Usage

"The data provider reports the number of customers using its data has increased to over 100 customers, and the number of blockchains indexed has increased from one to six."

Projects that use or built on it

Competition

  • The Graph and Unmarshal.
  • Covalent is a company which offers users accounts with access to blockchain data and APIs.
  • Their own website has a comparison between them and The Graph in which they highlight the following differences (30-3-2021):
  1. Covalent indexes every single block and tx. Whereas with The Graph users tap into created subgraphs or have to make them themselves.
  2. Covalent caters to wallets and companies, and The Graph to DApps.
  3. Covalent has paying companies and revenue, The Graph "hasn't started commercialization yet".
  4. Covalent has support for 7 blockchains, The Graph is only starting to become multichain.

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

  • Full team can be found here (30-3-2021) "We are a 25-person distributed team".
  • Ganesh Swami; co-founder & CEO
  • Levi Aul; co-founder & CTO
  • Adrian Jonklaas; CFO

Funding

"Covalent has closed a $2 million funding round, led by South Korea’s Hashed. Other participating investors included Binance Labs, Coinbase Ventures, Delphi Ventures, Hypersphere Ventures, as well as blockchain protocol firms including Moonbeam, Avalanche, Near and Elrond, Covalent said Wednesday. Last year, Covalent closed a $3.1 million funding round.

Partners 

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