Covalent — The data powering the DeFi economy.

Greetings to all my readers, today I want to tell you about Covalent. I will tell you what Covalent is and why you should choose Covalent.

What is Covalent?

Covalent provides a unified API to bring full transparency and visibility to assets across all blockchain networks.

Covalent is built by a smart team of financial analysts, data scientists, blockchain and database engineers passionate about improving and scaling blockchain technologies. Covalent is funded by leading venture investors, with over a decade of expertise building and scaling technology companies.

The company is headquartered in Vancouver, BC.

Covalent team

Ganesh Swami / Co-founder, CEO
Byron Ma / Product
Levi Aul / Co-founder, CTO

We are a 12-person distributed team that calls Vancouver home.

Covalent’s backers

WOODSTOCK | MECHANISM CAPITAL | 1kx | AU21 CAPITAL | TRG CAPITAL | BRILLIANCE VENTURES | CoinGecko | ALAMEDA RESEARCH |

Covalent provides a unified API to bring full transparency and visibility to assets across all blockchain networks.

Boilerplate

Blockchains provides a new frontier of development for enterprises, consumers and software developers. Due to its decentralized architecture, immutable ledger and highly secure framework, applications of the technology will impact industries ranging from finance and retail to personal identity and cryptocurrency.

Covalent currently serves the burgeoning ecossytem of products and services in the Decentralized Finance (DeFi) space.

Unique capabilities

Covalent is the industry standard because of its differentiated approach:

  • Enterprise focus: The richness of our APIs supports diverse use-cases like wallets, exchanges, custodians, taxation amongst many others.
  • No code: We are the only no code, zero-config solution that does not require an engineer.
  • DeFi SDK: A toolkit to address as-of-yet unsolved use-cases.

How Covalent came to be

The first version of Covalent was built in a weekend at a distributed systems hackathon in the fall of 2017. After winning the hackathon, we decided to turn it into a managed service and start commercialization.

Who we are

Covalent is built by a smart team of financial analysts, data scientists, blockchain and database engineers passionate about improving and scaling blockchain technologies. Covalent is funded by leading venture investors, with over a decade of expertise building and scaling technology companies. The company is 12-person distributed team headquartered in Vancouver, BC. Read more about us.

Why Covalent?

Covalent’s rich indexing and query technology supports diverse use-cases.

For example:

Wallets — Every single wallet application on Ethereum aggregates data across various DeFi protocols using Covalent.
DeFi taxes — Every single DeFi transaction is a taxable event. The biggest funds in the crypto-space uses us to calculate liabilities.
Network analysis — Crypto networks have rich data structures currently inaccessible without a tool like Covalent. The data is used to make better decisions.

Conclusion

I think Covalent is a very promising project, and it will be very popular in the future. The project is organized by very competent people who know what they are doing. The prospects are simply gigantic, and I will continue to monitor Covalent and keep you informed of their every success if possible.

Social media

Telegram | Medium | YouTube | Facebook | Twitter | Linkedin | Github

Ganesh Swami - Twitter | Linkedin | Github
Levi Aul -
Twitter | Linkedin | Github
Byron Ma -
Linkedin

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I inform my subscribers about the best novelties in the crypto industry!

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Agafon Dombrov

Agafon Dombrov

I inform my subscribers about the best novelties in the crypto industry!

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