Covalent Network (CQT) has achieved an important milestone with 300 million active wallets, an increase of 20% since the beginning of 2024. This growth is due 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 growth of active wallets shows Covalent's cornerstone position in the industry, providing historical, structured and verifiable data to serve DeFi, NFT, GameFi, SocialFi and other fields, especially in AI. High-performance on-chain data enables developers and enterprises to carry out a wide range of applications, driving innovation and efficiency in the blockchain field.
Covalent is committed to improving the technology stack and expanding services, ensuring stable growth through innovations in data infrastructure and real-time updates. In the future, Covalent will continue to build on-chain structured data sets to support evolving use cases and promote the development of the Web3 ecosystem.