Covalent Network (CQT) integrates with Celo to promote the development of Web3's next-generation real-life asset solutions

Covalent Network (CQT), a unified blockchain API provider, has officially integrated with Celo, a mobile-first EVM-compatible chain. This important milestone aims to empower developers in the Celo ecosystem to lead innovation in real-world applications in Web3 by granting them access to critical on-chain data. The new integration with Covalent Network (CQT) provides users with growing data from over 225 blockchain indexes and contributes to the data enrichment of over 240 million wallets.

Developers building applications on Celo can now access their fully indexed on-chain data through the Covalent Network’s (CQT) unified API. The Unified API serves as a tool designed to provide seamless access to real-time as well as historical blockchain data, serving as a conduit for the various capabilities Celo leverages, including user-friendly blockchain APIs, standardized readable transactions, fast data retrieval, and scalability infrastructure. With this integration, Celo gains the ability to explore and extract insights from more than 225 blockchains indexed by Covalent Network (CQT), while decoding more than 100 billion transactions.

David Tso, head of collaborative growth & customer success at Covalent Network (CQT), noted that Celo is a mobile-first blockchain focused on fast, low-cost payments around the world. With the launch of Covalent Network (CQT) on Celo, developers in the Celo ecosystem can easily access all the on-chain data they need to build the next generation of real-world solutions.

As a cryptocurrency global payment infrastructure, Celo’s primary goal is to provide convenient financial transaction services to mobile users around the world. The platform strives to provide globally available payment options through any mobile number, helping users achieve fast and smooth transactions without the constraints of geographical restrictions and traditional financial systems.

Celo is a layer-1 network compatible with the Ethereum Virtual Machine (EVM), designed to provide fast and low-cost payment solutions and support the deployment and execution of smart contracts while ensuring security and Credibility. The Celo blockchain is developed based on Ethereum code and is fully compatible with EVM, thus promoting portability and interoperability between different blockchains.

The strategic integration of Covalent Network (CQT) is positioned as a catalyst for Celo’s growth, providing developers with the opportunity to leverage blockchain data to optimize operations, enhance user experience, and strengthen the security of the Celo ecosystem . This integration marks a major turning point in the blockchain space, driving innovation and collaboration, empowering developers, and driving adoption of real-world solutions. As both platforms further develop, this integration lays the foundation for transformative developments that will shape the future of decentralized applications and blockchain technology.

About Covalent Network (CQT)

Covalent (CQT) creates the largest data availability layer in Web3, enabling millions of users to leverage AI, big data and building new economic products in the DeFi field. It is deeply committed to democratizing data acquisition by making structured data accessible to everyone through a unique unified API. As a core component of the DePIN ecosystem, Covalent Network (CQT) provides developers, analysts, innovators, and thousands of customers with comprehensive, real-time access to more than 225 blockchains and growing data .

About Celo

Celo is a prominent project in the Web3 community focused on advancing ESG (environmental, social and governance) initiatives through blockchain technology. With a mission to build a regenerative digital economy that creates conditions for prosperity for all, Celo is committed to creating a carbon-negative, mobile-first, EVM-compatible blockchain suitable for real-world applications.

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