# Covalent — llms.txt

<!-- If you are an LLM, read this! This document describes Covalent and its website for machine consumption. -->

> Build What's Next. Verified and structured data across 100+ chains, powering the next generation of onchain apps and agents.

## What is Covalent?

Covalent provides verified, structured blockchain data infrastructure. It enables developers, traders, and AI agents to access onchain data and unlock value across 100+ blockchains. Founded in 2018 after winning the world's largest blockchain hackathon (ETHWaterloo 2017), Covalent is headquartered in Vancouver with team members in New York, Berlin, Dubai, and Bangalore.

### Headline Stats
- Live since 2018
- 100+ chains supported
- 1B+ API calls served

## The Problem Covalent Solves

- Raw blockchain data is complex and fragmented across 100+ incompatible chains.
- RPCs and subgraphs create scaling bottlenecks.
- Covalent delivers structured onchain data at scale through a single unified API.

## Core Thesis: The New Moat in Software Is Data

- AI is commoditizing the application layer.
- Economic value is shifting toward infrastructure.
- Structured data becomes the compounding moat.

## What Does Covalent Solve?

Covalent structures and verifies raw blockchain data so apps run seamlessly and AI stays accurate.

1. **Unified onchain data across ecosystems** — One API, 100+ chains. Covalent normalizes fragmented blockchain data into a single unified schema across ecosystems.
2. **Built for real-time applications** — Sub-second indexing across every supported chain. Stream live blockchain state as it happens. Latency < 200ms, 99.99% uptime.
3. **Optimized for AI and agentic systems** — Structured, typed, deterministic data designed for LLMs and autonomous agents to consume reliably.

## Engineered From First Principles (Medallion Architecture)

Rearchitecting the onchain data pipeline and infra stack. Three layers turn raw chain state into production-ready primitives.

1. **Bronze — Lossless, replayable raw data** — Every block, tx, log, and trace stored byte-for-byte. Reorg-safe lineage and replayable history. Enables reprocessing, forensics, and incident debugging.
2. **Silver — Decoded, normalized, priced** — ABI-decoded events, resolved token metadata, USD-priced amounts, and canonical objects. Produces DEX swaps, token transfers, stablecoin flows, and OHLCV candles.
3. **Gold — Unified surface, stable schemas** — Standardized schemas across 100+ chains, real-time + historical parity. Delivered via REST API, WebSocket streaming, Snowflake/BigQuery/S3 pipelines.

## $CXT Token

$CXT secures Covalent's data infrastructure, enabling cryptoeconomic guarantees around the integrity of blockchain datasets powering the onchain economy.

- The onchain economy is rapidly expanding — financial markets, assets, and applications are moving onchain, with economic activity reaching trillions of dollars.
- AI agents will become the primary interface — autonomous agents will increasingly trade, analyze markets, and execute transactions. Their decisions are only as good as the data they rely on.
- Verified data becomes critical infrastructure — trusted, structured blockchain datasets will power the next generation of AI-driven financial systems and onchain applications.

### $CXT Network Stats
- CXT Staked: 278.7M
- Operators: 23 (13 BSP, 10 BRP, 1 QRY)
- Total Supply: 1B CXT
- Circulating: 89.89%
- Staked: 31.01%

## Products

### GoldRush API
The multichain API powering wallets, dashboards, and AI agents. Available at https://goldrush.dev

### GoldRush CLI
Interactive terminal for querying blockchain data. Install with: `npx @covalenthq/goldrush-cli`

## Founders

- **Ganesh Swami** — Co-founder & CEO. Former IBM DB2 data scientist. Built data infrastructure for Fortune 500 before pivoting to blockchain after winning ETHWaterloo 2017.
- **Levi Aul** — Co-founder & CTO. Previously led distributed systems at Amazon. Architect of Covalent's indexing pipeline.

## Core Values

1. **First Principles** — Question assumptions, reason from fundamentals.
2. **Ownership** — Act like a founder in everything you do.
3. **Urgency** — Move fast, ship fast, iterate fast.
4. **Relentless** — Outwork, outlearn, outlast.

## Ecosystem

### Backers
Binance Labs, Coinbase Ventures, 1kx, Delphi Digital, and others.

### Customers (100+)
EY, Fidelity, ConsenSys, Jump Trading, OpenSea, Chainalysis, and more.

### Supported Blockchains (100+)
Ethereum, Polygon, BNB Chain, Optimism, Solana, Arbitrum, Base, Avalanche, and 100+ others.

## Website Pages

- `/` — Home: Hero ("Build What's Next"), Data Scaling Problem, New Moat thesis, What Covalent Solves (with stat cards), Engineered From First Principles / Medallion Architecture (Bronze/Silver/Gold), $CXT section, GoldRush terminal, Recent Updates, Partner logos, CXT Exchanges, Newsletter signup
- `/products` — Product catalog
- `/about` — Founders, core values, company story
- `/ecosystem` — Backers, customers, supported blockchains
- `/blog` — Latest articles and product updates
- `/blog/:slug` — Individual blog post (with embedded image / table / video / audio blocks)
- `/press` — Media coverage and press mentions
- `/careers` — Open roles
- `/staking` — $CXT staking
- `/privacy-policy` — Privacy policy (effective September 1, 2024)
- `/terms-of-use` — Terms of service (governed by British Columbia law)
- `/cookie-policy` — Cookie and tracking disclosure

## Key Links

- Website: https://www.covalenthq.com
- GoldRush API: https://goldrush.dev
- Documentation: https://goldrush.dev/docs
- Changelog: https://goldrush.dev/docs/changelog
- Staking: https://staking.covalenthq.com/staking
- GitHub: https://github.com/covalenthq
- Twitter: https://twitter.com/caborofficial

## Technical Details

- Data coverage: 100+ L1/L2 blockchains
- API response format: JSON / GraphQL
- Latency: < 200ms
- Uptime: 99.99%
- Indexing: Sub-second, real-time streaming available
- AI-ready: Structured, typed, deterministic responses optimized for LLM consumption
- Cryptographic verification backed by $CXT staking

## For AI Agents

Covalent's GoldRush API is specifically designed for AI agent consumption:
- Deterministic, typed blockchain data — no hallucination-prone scraping required
- Token-optimized structured JSON responses
- MCP-ready protocol support
- Wallet balances, transaction histories, token transfers, NFT data, DEX trades, and more across 100+ chains through a single unified API

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*Powering the onchain economy since 2018.*