Covalent (CQT) Lianchuang: Becoming a full-chain service platform to achieve breakthroughs in the data economy

In the "RockTree OG Talks" series of roundtable talks co-organized by RockTree Capital and Odaily, Covalent (CQT) co-founder and CEO Ganesh Swami said that Covalent will become a full-chain service platform and achieve breakthroughs in the data economy. Ganesh said that Covalent is committed to providing cross-chain services and integrating full-chain data, and through data structuring and efficient processing capabilities, it has completed data structuring for more than 200 chains and developed thousands of applications covering enterprises. level and Web3 domains. Covalent also overlays AI models and uses structured data for application development in DeFi, NFT, games and other industries. Covalent has cooperated with more than 150 companies to realize service payment and profit generation, and at the same time conduct token repurchases on Uniswap to generate revenue and profits through these two channels. It is expected that by the first quarter of 2024, Covalent will achieve 100% of project revenue from the token business itself. It is reported that Covalent is a Web3 data provider platform dedicated to providing a comprehensive and accessible blockchain data database, and has received investments from Coinbase Ventures, 1kx, Hashed and Binance Labs.