One-stop blockchain API provider Covalent (CQT) and Cross Finance announced a partnership to provide data power for CrossFi Bank and DeFi xApp, aiming to provide financial solutions globally. The purpose of this cooperation is to strengthen the functionality and carrying capacity of the Cross Finance test network environment, providing users with 225 index chains and a growing amount of structured data from Covalent (CQT). CrossFi xApp is a multi-functional DeFi application in the CrossFi ecosystem, enabling users to seamlessly explore various DeFi strategies, obtain tokens XFI and XUSD on multiple chains, conduct efficient exchanges, provide liquidity through CrossFi AMM, and participate in revenue farming.

At the heart of this collaboration is access to Covalent’s (CQT) unified API, a tool that enables seamless access to real-time and historical blockchain data. As a gateway, it enables Cross Finance to use its various features, including user-friendly blockchain APIs, standardized readable transactions, fast data retrieval, scalable infrastructure, etc. Through this partnership, Cross Finance will be able to obtain effective information and insights from more than 200 blockchains indexed by Covalent.

It is reported that this feature simplifies Cross Finance’s navigation of the blockchain and establishes a consistent method of accessing historical data. Covalent (CQT) has proven to be an effective partner in advancing CrossFi chain operations, solving problems such as payment processing, credit card transactions, and cryptocurrency data.

Regarding this cooperation, Covalent (CQT) co-founder and CEO Ganesh Swami said: Our cooperation with Cross Finance strengthens the foundation of seamless transactions and marks our joint commitment to the future of blockchain technology. Transparency and innovation will thrive.”

Cross Finance, which integrates payments, credit cards and cryptocurrencies, is committed to providing non-custodial solutions for payments. Users can pay with cryptocurrencies seamlessly, just like using a traditional bank card, within the secure framework of Cross Finance’s DeFi structure. The CrossFi app enables global transactions by connecting non-custodial cryptocurrency wallets, ensuring the safety of user assets without blocking funds.

Alex Mamasidikov, founder of Cross Finance, said: “We are delighted to partner with Covalent (CQT) to further enhance our test network capabilities. Covalent’s (CQT) expertise in comprehensive blockchain data infrastructure will enhance our test environment The efficiency and accuracy are valuable. This collaboration will enable us to deliver a more sophisticated and secure product to our users.

This strategic partnership marks Covalent (CQT) as a catalyst for Cross Finance’s growth, enabling the platform to fully leverage the potential of blockchain data to optimize operations, improve user experience, and ensure the security of the CrossFi ecosystem. Cross Finance and Covalent (CQT) will work together to unlock new dimensions of blockchain technology. Seamless and transparent cryptocurrency payments will become a feature of the CrossFi platform in the future, and will benefit from Covalent (CQT)’s blockchain data infrastructure. support and continue to strengthen.

About Covalent Network (CQT)

Covalent Network (CQT) focuses on blockchain data availability and supports millions of users to build a new economy. Since its establishment, Covalent Network (CQT) has continued to help developers, analysts, etc. provide comprehensive and real-time data on more than 200 chains. . Click here to learn about what Covalent builtEthereum Wayback Machine。

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About Cross Finance

Cross FinanceIt is a next-generation digital ecosystem that provides cutting-edge payment solutions and is committed to connecting the world of banking and blockchain. CrossFi seamlessly integrates these two key parts of the global economy into a unified ecosystem and enables scalability up to 1 million transactions per second through a modular architecture based on Cosmos Tendermint, the core of the CrossFi chain and processing speed.

Cross Finance is built on Ethermint and Evmos, ensuring interoperability between blockchains, transaction anonymity and integration of EVM-compatible DApps. The tandem operation of two native tokens, MPX and XFI, consolidates CrossFis token economic foundation and provides users with a seamless and powerful financial experience.