Covalent Price

At its core, Covalent is a unified application programming interface (API) that unlocks billions of data points across various blockchains. It stands as a multi-chain support system aimed at delivering visibility and accessibility of blockchain data, thereby eliminating potential single points of failure associated with traditional data infrastructures.

The project is powered by its native token, Covalent Query Token ($CQT). This versatile token plays several roles within the Covalent ecosystem: it functions as a governance token, a vehicle for staking, and a medium for accessing network features.

Covalent seeks to democratize access to blockchain information, making it readily available to decentralized applications (dApps) and facilitating enhanced interoperability between various blockchain platforms. Its innovative approach ensures that users can get granular and deep insights into blockchain activities, which are crucial for developers and entrepreneurs operating within the Web 3.0 landscape.