Covalent

Covalent is a company that offers tools for building applications on various blockchains. They have created a platform called SpeedRun, which is a Prompt-to-Earn system. This system is made for people who are building things on blockchains, often called onchain builders.

Benefits

SpeedRun uses very fast data called GoldRush and a special payment system called x402. It also makes it easy to set up smart contracts with just one click. This means users can quickly start their own onchain applications. As these applications are used by others, the builders can earn CXT tokens and gain experience points (XP).

Covalent also provides organized data from over 100 different blockchains, such as Ethereum, Binance Smart Chain, Polygon, Base, and Avalanche. This data service is used by more than 70,000 developers and many well-known companies.

Use Cases

SpeedRun allows users to create, modify, and make money from onchain applications right away. The structured data tools from Covalent, known as GoldRush, help web3 developers work across more than 100 blockchains. These tools include ways to get data through SDKs, APIs, UI Kits, Decoders, and ready-to-use templates.

Vibes

Covalent's data infrastructure is trusted by a large number of developers and used by leading companies globally.

Additional Information

Covalent has received support from important investors and has global partners.