Covalent (CQT) reduces data availability costs and accelerates Layer 2 expansion in the Web3 field

As the Ethereum ecosystem expands, so does the need for faster and more economical transactions. The popularity of DeFi protocols and cross-chain bridges has put considerable pressure on the base layer of Ethereum. Key challenges to the scalability of the Ethereum blockchain: dispersion of liquidity, user experience bottlenecks, network security and decentralization, and high gas fees. Covalent Network (CQT) is providing support for the EVM Layer2 ecosystem through its unified API. In response to the emergence of more and more Layer 2 solutions, Covalent Network (CQT) has taken active measures to ensure that the EVM Layer2 ecosystem scalability in. Covalent Network Supports 225 blockchains and more than 240 million wallets through a unified API, Covalent Network (CQT) stands out as the premier decentralized data network in the blockchain field and is used for DeFi, artificial intelligence and many data-based applications in process.