Covalent Network (CQT) empowers the Ethereum EVM Layer2 ecosystem
With the expansion of the Ethereum ecosystem, there is a growing demand for faster and more cost-effective transactions. The popularity of DeFi protocols and cross-chain bridges has put pressure on the Ethereum base layer. Key challenges facing the Ethereum blockchain include liquidity dispersion, user experience bottlenecks, network security and decentralization, as well as high Gas fees. Covalent Network (CQT) provides support for EVM Layer2 ecosystems through a unified API and takes proactive measures to ensure scalability within the EVM Layer2 ecosystem. Covalent Network supports 225 blockchains and over 240 million wallets, serving as a leading decentralized data network in the blockchain space used in DeFi, artificial intelligence, and many data-based applications.
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