Covalent (CQT) Data Integration Supercharges Blast’s DA On It’s L2 Solution for Ethereum dApps Scalability

 

Covalent (CQT), the industry’s leading multichain indexer, is embarking on an exciting integration with Blast, a unique layer-2 scaling solution, aimed to address the Ethereum network’s scalability challenges. Supporting +225 blockchains and enriching over 240 million wallets through Covalent’s Unified API, Blast can utilize its data to optimize its L2 solution and adapt to evolving scalability demands on Ethereum. 

Covalent stands out as the premier decentralized data availability network in blockchain, widely used in Artificial Intelligence and DeFi and various data-based applications. By actively indexing the complete historical state history of Ethereum and 225 other chains, Covalent transforms vast amounts of data into a standardized, interoperable format. This data is readily consumable for developers through an enterprise-grade Unified API consumable in various formats.

With access to Covalent’s API, Blast can seamlessly tap into real-time and historical blockchain data. This capability empowers Blast to facilitate the development and deployment of scalable solutions on its L2 network. Leveraging the technology of optimistic rollups to enhance Ethereum transaction throughput, Blast aims to decrease network congestion and make dApps more affordable for users.

David Tso, Growth & Customer Success Lead at Covalent

“We thought we had seen every model of L2s, but Blast is doing something incredibly inventive. To stand out from the crowd, Blast adopts a model of native yield, which means that it can pass on the yield to users as UX optimizations like free gas and free swaps.”

Blast stands out among other L2 networks built on Ethereum with its native yield feature, enabling users to generate passive income by holding ETH and various stablecoins such as USDC, USDT, and DAI. Positioned as an experimental playground with solid foundations, Blast encourages developers and users to engage in DeFi, gaming, SociaFi, and NFT collections while earning native rewards. The unique feature is facilitated by an auto-rebasing mechanism and collaborations with real-world asset protocols (RWAs). It provides a passive income stream to users, addressing concerns about asset idleness and potentially increasing asset value over time.

The collaboration between Covalent and Blast is a significant milestone in addressing Ethereum’s scalability challenges while fostering innovation within the blockchain ecosystem. By leveraging Covalent’s robust data infrastructure and Blast’s native yield model, developers and users can anticipate enhanced scalability, accessibility, and user experience across a wide range of decentralized applications. Together, Covalent and Blast are leading the way towards a more inclusive and efficient decentralized future.

About Covalent

Covalent (CQT) is the home for Web3 data, enabling millions of users to build the new economy of products in AI, Big Data, and DeFi. Its deep commitment to democratizing access to structured data is delivered through a singular Unified API for everyone. A core aspect of the DePIN ecosystem, Covalent serves developers, analysts, innovators, and 1000’s of customers with comprehensive, real-time data access to +225 blockchains—and growing. Learn how Covalent is building the long-term data availability ‘Ethereum Wayback Machine’.

 

For more information, check out Covalent’s Twitter/X 

 

About Blast 

 

Blast L2 is an Ethereum layer-2 scaling solution designed specifically for the DeFi and digital asset ecosystem. Developed by the Blur_io team, the creators of the popular NFT marketplace, Blast L2 offers a seamless and efficient experience for users and developers in the DeFi landscape. What sets Blast L2 apart is its native yield capabilities for both ETH and stablecoins, making it a highly anticipated solution for DeFi enthusiasts.

 

Check out Blast’s Twitter/X and join their Discord 

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