VANCOUVER, March 16th, 2021 - Covalent is happy to announce a technical integration with Avalanche, an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem.
Avalanche is the first smart contracts platform that confirms transactions instantly, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers.
The Avalanche protocol employs a novel approach to consensus to achieve its strong safety guarantees, quick finality, and high-throughput, without compromising decentralization. As a result, developers have been drawn to Avalanche to build powerful, reliable, and secure applications and custom blockchain networks.
Since the launch of the Avalanche-Ethereum Bridge (AEB) on February 8, 2021, smart contract activity on Avalanche has boomed, with transactions increasing by 972% to over 580,000, and unique wallets increasing by 1,681% to top 38,000.
As with all blockchain networks, data accessibility remains an issue given the nature of the data created with each transaction.
However, through this integration, Avalanche is expanding the availability of data on the platform and simplifying the experience for developers who need reliable, high-quality data. Using the Covalent API, developers can pull Avalanche mainnet and Fuji testnest data. You can query either network via the unified API by changing the chainId parameter. This seamless experience significantly enhances the Avalanche developer experience.
Similar to Avalanche, Covalent places significant emphasis on developer experience. Covalent offers a single API that allows you to pull detailed, granular blockchain transaction data from multiple blockchains with no code. This means no complicated SQL queries, no subgraph development and maintenance, and no need to invest in highly-skilled developers to simply retrieve blockchain data. And not to mention, the blockchain data is extensive covering:
- Token balances per address
- Historical transactions per address
- Historical prices by address and ticker symbol
- Decoded log events
Quote from Ganesh, Covalent’s CEO
Quote from John Wu, President at Ava Labs
For more information on how to query the Avalanche network, visit: https://www.covalenthq.com/docs/networks/avalanche.
Otherwise, information regarding the Covalent API and the extensive list of endpoints can be found here: https://www.covalenthq.com/docs/api.
Avalanche is a highly-scalable, open-source platform for launching decentralized applications. Developers who build on Avalanche can easily create powerful, reliable, and secure applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.
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.