Covalent Cloud has reported processing 2.5 billion queries in Q3, marking a significant milestone in crypto data handling. The platform has enhanced its infrastructure with Solana's Firedancer for increased speed, Polygon's zkEVM for proof generation, and Chainlink feeds for verifiable data reads. These upgrades aim to improve uptime and coverage, crucial for data-native decentralized applications (dApps). The platform's SpeedRun initiative has seen over 1,000 on-chain apps deployed rapidly, emphasizing real usage and builder engagement. Covalent's $CQT token is now available for staking with attractive yields, following Proposal 47's approval to increase token burns. Additionally, the Covalent Cloud beta has reduced latency by 60% and introduced an AI Query Optimizer, enhancing code efficiency across a unified API that spans over 60 blockchains. The platform promises a 99.99% service level agreement (SLA), reinforcing its reliability for developers.
Covalent Cloud Enhances Crypto Data Processing with New Features
This content is for informational purposes only and does not constitute investment advice.
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