Covalent Integrates With Mantle, Ethereum’s First Modular Layer 2, for Next-Level Scalability
March 16, 2023
Covalent, a Web3 data provider trusted by a community of 40,000+ developers and powering data for 5,000+ applications, announced today a partnership with Mantle’s public testnet to continue supporting the growth and development of the Ethereum ecosystem through a modular framework. Modular blockchain technology is a pioneering tool used to scale Ethereum, and this collaboration provides Covalent’s community of Web3 developers, builders, and analysts with previously unavailable access to data and trends existing within Mantle’s ecosystem.
Mantle is a high-performance Ethereum layer-2 network built with modular architecture, delivering high security with low fees. Mantle was established to allow hyper-scalability of the Ethereum network, leveraging roll-up technology and a decentralized data availability layer to increase efficiency and performance. Understanding that data readability directly impacts blockchain scalability, this strategic collaboration ladders up to Covalent’s ultimate goal of supporting Ethereum’s maturity. Developers will have access to Mantle’s testnet data starting today to leverage in research, dApp development, and analysis.
“Mantle’s modular solutions enable developers to build on Ethereum with enhanced speed, efficiency, and security. Bringing data accessibility and verifiability to the first modular layer 2 solution through our Unified API is a promising avenue to help continue the upwards trajectory of Web3 innovation,” said Ganesh Swami, CEO and co-founder of Covalent. “Partnering with Mantle is an exciting opportunity for our community and is a critical stepping stone in our mission to support the booming Ethereum ecosystem.”
Covalent’s long-standing focus on scaling the Ethereum ecosystem stems from the connection between blockchain scalability and mass adoption – empowering the future of Web3 development requires the deepest visibility into billions of blockchain data points. As developers access more data and uncover budding trends with Covalent, they will have the tools and resources to build projects offering users real-world utility and value.
“Our collaboration with Covalent represents a significant milestone in our mission to enable developers with the tools to build for hyperscale and drive the adoption of decentralized applications. We are excited about the possibilities that this partnership brings and look forward to working closely with the Covalent team to realize our shared vision for the future of the blockchain ecosystem,” said Arjun Kalsy, Head of Ecosystem at Mantle.
Covalent’s data collection process ensures low latency for the most up-to-date information retrieval, tremendous breadth spanning 90+ blockchains and alternative sources (app-chains, L2s, etc), and impressive depth – ensuring all data is analyzed from the genesis block and beyond. Leveraging these findings to unlock the power of Web3 data and provide users with the highest-quality analytics remains in great demand by protocols, institutions, and dApp developers.
To learn more about Covalent visit covalenthq.com or follow @Covalent_HQ on Twitter.
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 + 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.