Through the CoinList public sale, over 14,000 new token holders were added to the Covalent community.
The new funding will bring the Covalent Query Token, CQT, to the public for the first time as Covalent continues to move toward a community-led project.
Covalent leverages big-data technologies to create meaning from hundreds of billions of data points, delivering actionable insights to investors and allowing developers to allocate resources to higher-utility goals within their organization. Instead of pain-stakingly sourcing data from a small handful of chains, Covalent aggregates information from across dozens of sources including nodes, chains and data feeds.
The Covalent API then sources end users with individualized data by wallet, including current and historical investment performance across all types of digital assets. Most importantly, Covalent returns this data in a rapid and consistent manner, incorporating all relevant data within one API interface.
“ The overwhelming support from the community shows a growing understanding of the role that data analytics plays in powering the crypto, DeFi and NFT markets. We want to extend our gratitude to CoinList for making the public sale seamless,” said Covalent CEO Ganesh Swami regarding the CoinList public sale.
In March Covalent closed a $2 million strategic funding round led by Hashed with participation from Binance Labs, Coinbase Ventures, Delphi Ventures, Hypersphere Ventures, and other ecosystem partners.
Covalent was co-founded by Swami and CTO Levi Aul and is currently hiring in Vancouver.