Covalent, a word you may usually see in phrase covalent bond, if derived from Chemistry. A covalent bond, also called a molecular bond, is a chemical bond that involves the sharing of electron pairs between atoms.
Similarly in crypto world, every trading pairs established a bond between two cryptocurrencies. The bond which coins share together is data. Actually, data is the key connections between everything in crypto world, not just two single cryptocurrencies.
Covalent provides a unified API to bring full transparency and visibility to assets across all blockchain networks, including wallet data, Defi taxes and network analysis. Covalent has the absolute richest blockchain data on the Internet. Over 25 billion transactions are indexed including every transaction since genesis. More than 30,000 price feeds are available for fiat and crypto pairs. 200K+ Smart contracts with internal data structures are ready for querying. And the refresh rate is only 30 second to ensure that ever API users can receive the latest data.
The world is built on data. Analyzing data can help traders/companies to make correct decisions in various situations. The traditional world is built on Big Data as well as crypto world. The existence of Covalent makes big data accessible in the crypto world and that just meets the requirements of lots of traders, entrepreneurs and crypto analysts.
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.
There are many partnerships have already been made between Covalent and other big crypto companies such as Skale, Matic, Frontier, ZeroSwap, Reef and so on.
Really looking forward to what Covalent can bring to us in the next era of big data in crypto world.
Covalent Website: https://www.covalenthq.com/
Twitter: https://twitter.com/Covalent_HQ
Telegram: https://t.me/CovalentHQ
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