As any tech category matures, there are a variety of technologies that become incredibly important, acting as glue connecting the disparate parts and pieces. That glue is sometimes known as middleware and is a key component to deriving value from data as it continues to maintain royalty status in the blockchain world. The next partner in our marathon is Covalent, they provide a unified API to bring full transparency and visibility to assets across all blockchain networks. Covalent's proprietary technology enables a "no-code" solution that solves a vast array of use-cases for wallets, exchanges, custodians and taxation amongst others. The API allows easy access to data that is normalized, unified and granular.
DeFi is on the verge of breakout growth, but there are blind spots everywhere when trying to understand the landscape. Whether it’s digital assets that are difficult to value or trying to capture a consolidated view, there are huge costs in integrating with the existing infrastructure. Covalent provides a unified API to bring full transparency and visibility to assets across all blockchain networks. Everyone from analysts all the way to traders, both institutional and retail, will benefit from their solution.
Covalent has a unique enterprise focus offering a rich set of APIs that support diverse use-cases like wallets, exchanges, custodians, taxation amongst many others. They are the only no code, zero-config solution that does not require an engineer. Additionally, their multichain flexibility and deep, granular data provided by their APIs means developers can quickly and easily build scalable and data-rich applications with no query code.
Layer 2 solutions are a step toward overcoming the scalability issues we see with Ethereum. It’s these issues that create a significant barrier to mainstream adoption, a goal both Covalent and Skale are working hard to overcome. As Skale develops into its own vibrant ecosystem, Covalent looks forward to bringing an increased level of transparency to data that lives on Layer 2 solutions.
Dapp category? Data infrastructure / Middleware
What SKALE features are Covalent utilizing?
Covalent plans on utilizing Skale for its low gas fees and high transaction throughput on Ethereum
What Covalent is saying about SKALE:
"Here at Covalent, we are a massive believer in Layer 2 solutions and Skale is a frontrunner in becoming one of those that develop into a thriving digital asset ecosystem. Covalent is delighted to be a part of Skale's story." Ganesh Swami, CEO Covalent.
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