Covalent is the leading solution to the blockchain data provision market, but we can’t just hoard all that precious high-quality data ourselves, so we decided to host this crypto-data competition. Aside from plenty of activities that do not necessarily require data-related skillsets, but rather a sharp mind and/or a creative vision (such as our upcoming Quest or Art competition), we also host plenty of data science challenges, all enabled by Covalent’s powerful blockchain indexers. So if you are an up and coming blockchain data analyst (or just a hobbyist, we don’t discriminate), come check our challenges!
Covalent is going to Denver to participate in the largest Ethereum – and other blockchains – event of the year. Ganesh (Covalent’s co-founder) will be giving a talk on the DeFi data availability gap and will showcasing common DeFi use-cases that can lead to a nightmare when it comes to record-keeping.
We really love the Ethereum community, so feel free to message Ganesh (his DM’s are open.)
TLDR; We’re excited to launch DeFi behind the scenes – an exploratory look at business models and traction behind various decentralized finance applications on the blockchain. Two widely held beliefs about Ethereum DApps: 1) Nobody uses them for anything useful besides speculation and 2) There are no business models and nobody is making money. Our vision behind this series is to use data to provide a credible narrative behind the dollars and users that make these projects stick. We are experimenting with a video format to tell this story – short 5 to 10 minutes that builds a case.
We kickoff the first episode with InstaDApp - an intuitive frontend for MakerDAO, Compound, Uniswap and other decentralized finance applicaitons.
Ganesh (Covalent’s co-founder) had the opportunity to speak to a group of product managers last week in San Francisco on Automated Market Making and Uniswap. Most people only know how to use Uniswap as a decentralized exchange. It was interesting to show people how Uniswap works for them as a liquidity provider.
VANCOUVER, May 10th, 2021 - Covalent, an indexing/querying blockchain data provider, has closed $10 million in funding from a CoinList Public Sale. The new funding will bring the Covalent Query Token, CQT, to the public for the first time as Covalent continues to move toward a community-led project.
As a first time sponsor at HackFS, we at Covalent were blown away by the innovation and creativity of the projects! Congrats to all the participants making up the 150+ submissions. We had 10 submissions using our unified API to bring transparency and visibility to assets across all blockchain networks. The Covalent API is ideal for hackathons because it is simply the fastest way for teams to access granular and historical on-chain data without code, unlocking One Billion possibilities.
TL;DR: When we started the Alchemist Program back in February this year, little did we know it would take on a shape of its own – to become one of the most vibrant community programs in web3, with 2500+ members participating from over 100 countries. The next step of the program’s evolution from being community-led to community-owned is here.
Today, we are excited to announce the launch of AlchemistDAO at MCON 2021 in Denver. AlchemistDAO stems from the first version of the Alchemist Program and brings together a community of innovative data-nerds within the Covalent network, breaking barriers, and creating a new economy powered by data. We want the Alchemists to explore aspirations, pursue queries, and own their future in a space where contributions become currency.
We believe that everyone should have access to education, a high-quality network, career opportunities, and a space to explore their purpose. With AlchemistDAO, we are creating that space for data nerds like us, who want to understand more about the data and the possibilities that it unlocks.