Recently,Covalent（CQT）Its data capabilities reach over 240 million active wallets (addresses). This is an important milestone and solidifies its position as the data availability layer in Web3.

To address the huge challenges of acquiring, storing, and serving useful blockchain data at scale, Covalent (CQT) has adopted an effective solution. Covalent’s (CQT) unified API will bring real change to developers and end users.

Easy access to blockchain data

In the past, Web3 developers often needed to call real-time on-chain data across multiple ecosystems. The conventional method of running public chain nodes neither scales effectively in a multi-chain environment nor is it suitable for ordinary users who only want interactive applications.

Most solutions involve complex SQL queries and delays in indexing the data. It is these stuck points that hinder the rapid development and large-scale adoption of Web3.

Covalent (CQT) solves the above problems through its unified API, SDK and GoldRush UI suite.

Its real-time data interface for developers provides a unified solution for the available data needs of Web3 enterprises and institutions - supporting more than 200 blockchain networks through streamlined workflows. Covalents (CQT) solutions meet the evolving needs of developers.

240 million active addresses: witnessing the growth and influence of Covalent (CQT)

As of December 2023, Covalent (CQT) has empowered 240 million active addresses in the entire Web3 ecosystem. And this number continues to grow. This also demonstrates Covalent’s (CQT) influence on various blockchain ecosystems and its ability to implement its vision of a real-time usable and sustainable data layer.

To visualize its widespread impact, Covalent (CQT) created a chart breaking down the number of addresses on different chains that benefit from Covalent (CQT)’s rich data. The accuracy and real-time nature of data are crucial to on-chain applications. These addresses participate in DeFi, NFT, GameFi, and SocialFi respectively.

Total number of active addresses using Covalent (CQT) data

In addition to the total number of addresses of 130 million, Covalent (CQT) also provides a statistical chart based on each chain, providing a detailed and in-depth perspective and accurately presenting the chains that users frequently interact with. These charts are also an effective tool to understand the preferences and behavioral patterns of the Covalent (CQT) unified API user base, helping to conduct a comprehensive analysis of the Covalent (CQT)-empowered blockchain ecosystem.

Breakdown by chain, total number of addresses using Covalent (CQT) data

Looking to the future

Covalent (CQT) is committed to becoming the leader in structured data and data availability in the Web3 field, supporting high-growth niche areas (such as AI that thrives on structured data). Covalent’s (CQT) unified API will continue to evolve, providing a platform rich in data insights for the ever-expanding blockchain ecosystem and cross-chain networks.

By continuously enriching real-time data, Covalent (CQT) will continue to provide timely, accurate, and comprehensive information to more addresses and promote the development of the Web3 ecosystem. This way, developers from every DeFi, exchange, and wallet can benefit from Covalent (CQT)’s powerful data products.

About Covalent (CQT)

Covalent (CQT) focuses on blockchain data availability and supports millions of users in building a new economy. Since its establishment, it has continued to help developers, analysts, etc. provide comprehensive and real-time data on more than 200 chains.

For more updates on Covalent (CQT), see:Official website、Official recommendation、API Guidance Document、Building the Ethereum Wayback Machinerelated pages.

Contact information

Dahlia Fu：dahlia@covalenthq.com