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CDS Collaboration Celo and Covalent Collaboration: Celo Taps into Covalent’s (CQT) Data Power to Scale Ethereum with Real-World Solutions

Collaboration Press Release

Celo and Covalent Collaboration: Celo Taps into Covalent’s (CQT) Data Power to Scale Ethereum with Real-World Solutions

As part of the Celo and Covalent collaboration, developers in the Celo ecosystem will be powered by Covalent.

lectertodd14/03/20242 Mins read365

Celo and Covalent Collaboration: Celo Taps into Covalent's (CQT) Data Power to Scale Ethereum with Real-World Solutions

Covalent (CQT), a unified blockchain API provider, has officially integrated with Celo, the mobile-first, EVM-compatible blockchain.

Table of Contents

Celo and Covalent Collaboration: Celo Taps into Covalent’s (CQT) Data Power to Scale Ethereum with Real-World Solutions

This significant milestone aims to empower developers in the Celo ecosystem, granting them access to onchain data crucial to spearheading innovation for real-world applications in Web3. The integration by Covalent offers users extensive availability of structured data from its continually expanding +225 indexed chains, contributing to the enrichment of over 240 million wallets with its data.

Developers building on Celo can now tap into Covalent’s fully indexed onchain data through its Unified API. The Unified API serves as a tool designed to seamlessly access real-time and historical blockchain data, acting as a gateway for Celo to utilize various capabilities, including a standardized human-readable transactions, quick data retrieval, and scalable infrastructure.

Celo is a mobile-first blockchain focused on fast, low-cost payments worldwide. With the launch of Covalent on Celo, developers in the Celo ecosystem can access all the onchain data they need to build the new generation of real-world solutions.
David Tso, Growth & Customer Success Lead at Covalent

Functioning as an Ethereum Virtual Machine (EVM)-compatible layer-1 network designed for fast and low-cost payments, Celo allows for the deployment and execution of smart contracts while upholding their security and trustworthiness. Derived from Ethereum code, the Celo blockchain maintains full compatibility with the EVM, fostering portability and interoperability between the two blockchains.

This strategic integration positions Covalent as a catalyst for Celo’s growth, enabling developers with the tools to unlock the full potential of blockchain data for operational optimization, enhanced user experiences, and fortified security within the Celo ecosystem. The incorporation of Covalent’s Unified API equips Celo with a robust infrastructure for comprehensive blockchain data, which, in turn is poised to accelerate the adoption of practical real-world solutions. As both platforms evolve, this integration establishes the foundation for transformative developments, laying the groundwork for the future of decentralized applications.

About Covalent

Covalent (CQT) has created the largest data availability layer of Web3, enabling millions of users to build the new economy of products in AI, Big Data and DeFi. Its deep commitment to democratizing access to structured data is delivered through a singular Unified API for everyone. A core aspect of the DePIN ecosystem, Covalent serves developers, analysts, innovators & 1000’s of customers with comprehensive, real-time data access to +225 blockchains & growing. Learn how Covalent is building the long term data availability ‘Ethereum Wayback Machine’.

About Celo

Celo is a prominent project within the web3 community, focused on advancing ESG initiatives through blockchain technology. With a mission to build a regenerative digital economy that creates conditions of prosperity for all, Celo is dedicated to creating a carbon-negative, mobile-first, EVM-compatible blockchain tailored for real-world applications.

Check out Celo’s Twitter/X and Join them on Discord

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lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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