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Covalent Integrates with Cronos Blockchain to Ease Data Access for Developers, Data Analysts, and…
In the midst of rapid Web3 innovation on Cronos chain, Covalent is bringing transparency of on-chain data to wallets, crypto investors, and…
In the midst of rapid Web3 innovation on Cronos chain, Covalent is bringing transparency of on-chain data to wallets, crypto investors, and dApps
New York, July 11th 2022 — Today Covalent, a Coinbase Ventures and Binance Labs backed data provider that brings visibility to billions of Web3 data points via its Unified API, announced its integration with the Cronos blockchain, the EVM chain supported by Crypto.com.
The partnership will simplify workflows for developers, data analysts, and more.
The new partnership between Covalent and Cronos plays a pivotal role in easing the Web3 data experience, enabling projects and developers to seamlessly access the information needed to power decentralized applications.
“Our Unified API product is a code-free solution for developers,” said Ganesh Swami, CEO and co-founder at Covalent. “Indexing and organizing blockchain data manually is a process that can take anywhere from a few hours to thousands of hours. Our Unified API queries this information, providing an additional layer of simplicity in a time where project innovation is more critical than ever.”
“For the successful adoption of Web3 by the mainstream, there is a need for a simplified solution to support developers, investors and entrepreneurs,” said Ken Timsit, Managing Director of Cronos Chain and Cronos Labs. “We recognise that continued growth within Web3 is increasingly reliant on an innovator-led market. Founders of projects across the board are placing greater emphasis on user experience, functionality, and utility, as well as partnerships that can significantly improve data accessibility. Covalent’s Unified API helps Cronos meet this growing demand with a unified solution that increases efficiency and time to market while reducing bottlenecks and workflows, which will help developers focus on scaling the latest innovations in Web3 through the access of richer data points.”
Access to a Plethora of Data Points
Querying on-chain information from Cronos mainnet and Cronos testnet will follow an intuitive and user-optimized process: Users will only need to specify the relevant chain ID when calling the APIs that Covalent users are already familiar with.
The Covalent Unified API grants access to popular data points for Cronos Chain, including:
Token balances for an address;
Historical portfolio value of an address over time;
ERC20 token transfers of an address;
All NFT token IDs of a collection;
Decentralized exchange liquidity pools of an address; and
Decentralized exchange transactions of an address.
The integration follows the successful passing of the proposal to index Cronos by the Covalent governance community on March 3, 2021. Looking ahead, Covalent and Cronos will continue collaborating to draw interest in the innovative possibilities and use cases that can be unlocked by Covalent’s Unified API.
Cronos (cronos.org) is the first EVM-compatible Layer 1 blockchain network built on the Cosmos SDK, supported by Crypto.com, Crypto.org and more than 300+ app developers and partners. Cronos is building an open ecosystem where developers can create their own DeFi and GameFi applications, targeting a base of 50+ million users globally. Earlier this year, Cronos Labs launched a $100M Accelerator program to help developers build new projects and the future of Web3 within the Cronos ecosystem.
When developers build on Cronos, they can leverage all Ethereum developer tools (i.e. Solidity, Truffle, Hardhat, OpenZeppelin, Web3.js, ethers.js, ChainSafe Gaming SDK); leading crypto wallets (i.e. MetaMask, Crypto.com Defi Wallet, Trust Wallet); wrapped versions of the world’s top 50 cryptocurrencies; Cronos Play, a suite of developer tools for Unity, C++ and Unreal engine; and inter-blockchain communication (IBC) cross-chain connectivity to Cosmos chains; and as well as a rich ecosystem of composable DeFi and GameFi dApps.
Cronos is supported by Cronos Labs, the ecosystem grant fund, Web3 start-up accelerator, and incubator of Cronos chain.
Covalent provides the industry-leading Unified API bringing visibility to billions of Web3 data points. Developers use Covalent to build exciting multi-chain applications like crypto wallets, NFT galleries, and investor dashboard tools utilizing data from 35+ blockchains. Covalent is trusted by a community of 27,000+ developers and powers data for 1000+ applications including 0x, Zerion, Rainbow Wallet, Rotki, Bitski and many others.