October: 24 new blockchains indexed, API call growth skyrockets M/M 20%, and $80K up for grabs in hackathon bounties 🚀

TL;DR:

• SQL based on-chain analysis course, Data Alchemist Boot Camp, hits the ground running with kickoff on October 26th and 280 enthusiastic students.
• Covalent achieves record growth experiencing a 21% increase in MoM API calls and indexing 45% more blockchains in the month of October compared to the entirety of Q2.
• $80K in developer bounties in two hackathons open for registration now:
• EVMOS DAO provided $75K in a developer bounty to be awarded to builders in the EVMOS - Covalent One Million Wallets Hackathon.
• 5K for Defining DeFi: Google Cloud x Moralis Hackathon.
• Don’t miss us at these upcoming events: 0xpo, ETHSF, and ETHIndia

Data Alchemist Boot Camp

Great to be part of the Data Alchemist Program from @Covalent_HQ !!Kick-off meeting in progress! 👨‍💻🤓📊 pic.twitter.com/92Wdu9et4g— IlijasDev (💙,🧡) (@ilijasdev) October 26, 2022 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

On Wednesday, October 26th, the Data Alchemist Boot Camp kicked off by welcoming the 280 students selected within the first cohort with the starting session led by Ganesh Swami, CEO and Co-Founder, Brandon Rochon, Lead Data Scientist, and Luke Harriman, Product Marketing Manager and Program Lead. The Boot Camp will teach SQL-based on-chain analysis, and the successful participants will be paid $2000 when they complete the course.

Blockchain Indexing

API

In the month of October, we had an overall growth of 21% MoM in API calls across the various blockchains - with the bulk of the growth coming from Ethereum.

Highlights

• On October 13th, we released our quarterly report, giving our readers an exclusive insight into our traction. Read our business insights here, Quarterly Report October 2022.

• On October 20th, we had our 16th Community Call. This call included the alpha on the Data Alchemist Boot Camp, our biggest highlights from September and October, and other updates on our products, hackathons, and events. ICYMI (In Case You Missed It), catch up by watching the recording here Community Call #16.

Builder Zone

• October has been a month for builders unlike any other. With the highest number of submissions in one hackathon ever for Covalent, ETHOnline concluded in the first week of October where we received 55+ unique submissions of projects building with our Unified API.

• Check out some of the top projects: ETHOnline Project Showcase

• No bear market for builders; Covalent has over $80k in bounties available for hackathon submissions using the Unified API. Want to sign up? Check out our hackathons running below, still open for registration:

• EVMOS - Covalent #One Million Wallets Hackathon

• Defining DeFi: Moralis x Google Cloud

How to grow the demand side of protocols?Panel discussion with: @petkanics, @mattofontana, @zenzhenyu & @eash0xhosted by @olshanskyJoin Now: https://t.co/vqplUOpAyw#INFRACON pic.twitter.com/HE42AHERD2— Pocket Network | Nodes + RPC Endpoints (@POKTnetwork) October 10, 2022 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

• On October 10th, Erik Ashdown, Head of Ecosystem, represented Covalent on a panel discussion on How to Grow the Demand Side of Protocols with Doug Petkanics from Livepeer, Matthew Fontana from Streamr Network, Zhen Zhenyu from Web3Auth, and hosted by Daniel Olshansky from Pocket Network for Infracon at DevCon in Bogotá, Columbia.

Nomad Hack - Incident, Covalent’s Response, Recovery Efforts

• On August 1st, 2022, the Nomad bridge was exploited and over $190M in various assets were withdrawn to the Ethereum network. These assets included 113.55M (11.3%) of the total Covalent Network ($CQT) supply on the Ethereum network contributed from 255 unique wallet addresses.
• Covalent continues to work with Nomad on all recovery efforts which are outlined in our response statement The Nomad Bridge Hack Incident, Covalent’s Response, Recovery Efforts & Plan Ahead and in accordance with Nomads Recovery Plan and Efforts.

Press Coverage

On October 11th, 2022 Covalent became the first blockchain provider in Web3 to index app chains; DeFi Kingdoms and Crabada. Covalent is now the top indexer for zkRollups, Optimistic Rollups and AppChains.

“We are constantly developing new methods of sourcing and presenting valuable blockchain data, and our actions as the first Web3 data provider to index app chains further demonstrate our innovative nature." ~ Ganesh, CEO and Co-Founder, Covalent

“Avalanche is pioneering new ground in Web3 gaming with the advent of Subnets. Covalent is playing a key role in helping these projects discover trends within their games and build features that users want most” ~ Ed Chang, Director of Business Development, Gaming at AVA Labs.

“As a data analyst for DeFi Kingdoms, a cross-chain p2e web3 game, working with data from different chains has always been complex. Covalent does the heavy lifting of syncing data of many blockchains in an easy-to-use multichain dataset. ~ Brbrbr, DeFi Kingdoms

Other features:

• Covalent Is First To Index App-Chains, Focusing On Booming Web3 Gaming Sector
• Covalent CEO: There’s an ‘unresolved backlog’ of unfilled Web3 data roles
• Ganesh, Co-Founder & CEO of Covalent, a Coinbase Ventures & Binance Labs backed data provider that brings visibility to billions of Web3 data points
• Avalanche Subnets with Covalent by Chainstack
• Ganesh on Web3 infrastructure, mental health, and more on The Ramp Show

Covalent Roadshow

Where we’ve been:

• Blockchain Industry Night with UBC Blockchain Club October 17th, Vancouver, British Columbia
• Canadian Blockchain Summit October 19th to 20th, Calgary, Alberta
• DevCon October 11th to 14th, Bogotá, Colombia

Where we’re going:

• 0xpo: November 3rd, San Francisco, USA
• ETHSF: November 4th to 6th, San Francisco, USA
• ETHIndia: December 2nd to 4th, Bengaluru, India

Thank you for all of your continued support! We look forward to sharing more exciting updates.

Much love, Ganesh Swami Co-Founder and CEO, Covalent