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

cryptonews.com:

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