Covalent Adds Data Support for Canto, Increasing Data Visibility into Popular Blockchain Ecosystem
Covalent, a leading blockchain data platform, has announced the addition of data support for one of the fastest-growing blockchain ecosystems, Canto. The move will bring a range of benefits to the blockchain ecosystem and provide new opportunities for individuals and businesses looking to manage their digital assets and build exciting applications.
Canto is a permissionless, layer-1 blockchain that runs on the Ethereum Virtual Machine. It is part of the Cosmos network of blockchains, apps, and services and it offers a native stablecoin called NOTE. Covalent has been a leading data platform for EVM blockchains with 80+ blockchains indexed and improving data visibility for the entire ecosystem.
"The addition of data support to Canto by Covalent is a major step forward for the blockchain ecosystem," said Ganesh Swami, CEO of Covalent. "With the ability to access a wide range of cryptographically secure data, we are empowering our community of developers and analysts to grow and innovate continuously."
With the new endpoints on Canto, developers and analysts can easily access data like transactions, active users, retention rate, and so on. According to Luke Harriman, Data Analyst at Covalent, “Canto’s significant transactions growth started on Jan 24th, which was 5 days after Variant Fund announced their position in the token CANTO. Additionally, the 5th season of the Canto Online Hackathon has further fueled growth in 2023 as builders launch new NFT collections, DeFi protocols & Wallets.”
The added support Canto enables Covalent to access a fresh data pool, extending its tremendous breadth spanning 80+ supported blockchains including alternative sources (appchains, L2s, etc), and impressive depth by ensuring all data is captured from the genesis block. As the access to the highest quality Web3 data remains in great demand by protocols, institutions, and dApp developers, Covalent is relentlessly building despite any market conditions.
To access the newly added endpoints for Canto, visit here.
Covalent provides the industry-leading Unified API bringing visibility to billions of Web3 data points. Developers and analysts use Covalent to build exciting multi-chain applications like crypto wallets, NFT galleries, and investor dashboard tools utilizing data from 218 + blockchains. Covalent is trusted by a community of 40,000+ developers and powers data for 5,000+ applications, including 0x, Zerion, Rainbow Wallet, Rotki, Bitski, and many others.