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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
OpenAI Chairman: The AI Bubble Is Not Entirely Without Benefits
JPMorgan analysts warn: Fed rate cuts may hurt stock and bond markets
Sky: Spent $700,000 last week to buy back 9.4 million SKY tokens
Trending news
MoreCrypto prices
More








