Covalent Network Achieves Milestone With 300 Million Active Wallets

According to Odaily, Covalent Network (CQT) has achieved a significant milestone, reaching 300 million active wallets, a 20% increase since the beginning of 2024. This growth is attributed to its advanced query technology, which provides real-time, structured data to meet the needs of developers and users in a multi-chain environment. The increase in active wallets demonstrates Covalent's cornerstone position in the industry, providing historical, structured, and verifiable data. It serves various sectors including DeFi, NFT, GameFi, SocialFi, and particularly excels in the AI field. High-performance on-chain data enables developers and businesses to apply widely, promoting innovation and efficiency in the blockchain field. Covalent is committed to enhancing its technology stack and expanding its services. Through innovative data infrastructure and real-time updates, it ensures steady growth. In the future, Covalent will continue to build on-chain structured data sets to support the ever-evolving use cases, driving the development of the Web3 ecosystem.