We started working on Covalent over 4 years ago. Looking back, we’ve never wavered in our resolve to build the best approach to understanding blockchain data. It’s gratifying to see the market starting to understand and appreciate our unique approach and philosophy. Here’s a letter I shared with our stakeholders highlighting the key moments that defined Covalent over the last twelve months.
We’re excited to announce a joint Klaytn-Covalent Hackathon for Web3 developers building on the Klaytn network! The hackathon runs from May 12 to May 26 with $20,000 USD in bounty prizes. There will also be opportunities for developers who can’t commit to the full hackathon to participate in hackathon quizzes and challenges with a chance to win additional prizes. Register here now!
Disclaimer: This blog post describes methodologies for calculating CQT supply and market capitalization on third-party websites. We are not responsible for any CQT metrics reported by these or other websites. We encourage you to please read this post, our CQT token economics page, and do your own research on Etherscan!
TL;DR: Covalent is providing additional granularity on circulating supply. There is no change to CQT supply reported on Covalent’s website; nevertheless, two third-party websites, Coingecko and CoinMarketCap have updated the circulating supply of CQT and as a result the market cap that they calculate as well.