VANCOUVER, March 23rd, 2021 - Covalent is delighted to announce a technical partnership with Fantom, a high-performance, scalable, customizable, and secure smart-contract platform.
Founded in 2018, Fantom is designed to overcome the limitations of previous-generation blockchain platforms. Fantom is permissionless, decentralized, and open-source while achieving fast finality (1-2 second transaction confirmation) and low fees ($0.00001). Furthermore, Fantom is EVM-compatible.
When examining how to overcome the data accessibility issue on blockchain networks, Fantom knew a best-in-class API would be needed given that builders require such when developing applications. By integrating Covalent’s indexing solution, developers will be able to pull Fantom blockchain data seamlessly. This includes:
- Token balances per address
- Historical transactions per address
- Historical prices by address and ticker symbol
- Decoded log events
Querying the Fantom blockchain will be as simple as changing one parameter on the Covalent API; chainId. Also, integrating with Covalent allows builders from the Ethereum ecosystem to re-purpose their technology for Fantom.
Quote from Michael Kong, Fantom CEO
Quote from Ganesh, Covalent CEO
Founded in 2018, The Fantom Foundation has built a highly scalable blockchain ecosystem that facilitates decentralized, scalable, and secure technologies.
Fantom is a fast, scalable, and secure layer-1 platform built on a permissionless aBFT consensus protocol. The speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world uses.
Many Ethereum protocols are porting over to Fantom to create a seamless cross-chain ecosystem. These include Keep3rV1, Cover, Cream, Frax, Sushiswap, Yearn, and others. The technology is also used in several government digitization programs in the Middle East.
Covalent provides the industry-leading Unified API bringing visibility to billions of Web3 data points. Developers use Covalent to build exciting multi-chain applications like crypto wallets, NFT galleries, and investor dashboard tools utilizing data from 32+ blockchains. Covalent is trusted by a community of 27,000+ developers and powers data for 1000+ applications including 0x, Zerion, Rainbow Wallet, Rotki, Bitski and many others.