Covalent, a leading multichain indexer in the blockchain industry, is collaborating with Blast, a layer-2 scaling solution, to address the scalability challenges faced by the Ethereum network. Covalent supports more than 225 blockchains and enriches over 240 million wallets through its Unified API, making it a key player in the blockchain space. By actively indexing the complete historical state history of Ethereum and other chains, Covalent transforms vast amounts of data into a standardized, interoperable format, making it easily consumable for developers. Blast, with access to Covalent’s API, can tap into real-time and historical blockchain data to optimize its L2 solution and cater to the evolving scalability demands on Ethereum.
David Tso, Growth & Customer Success Lead at Covalent, expressed admiration for Blast’s innovative approach, particularly its native yield feature. This feature allows users to earn passive income by holding ETH and stablecoins like USDC, USDT, and DAI. Blast, positioned as an experimental playground with robust foundations, encourages engagement in DeFi, gaming, SociaFi, and NFT collections while offering native rewards. The collaboration between Covalent and Blast represents a significant step towards addressing Ethereum’s scalability challenges and fostering innovation within the blockchain ecosystem, ultimately enhancing scalability, accessibility, and user experience across decentralized applications.
Covalent prides itself on being the premier decentralized data availability network in blockchain, widely used in areas such as Artificial Intelligence, DeFi, and various data-based applications. With a focus on democratizing access to structured data, Covalent offers a Unified API that serves developers, analysts, innovators, and thousands of customers by providing comprehensive, real-time data access to over 225 blockchains. The collaboration with Blast underscores Covalent’s commitment to building a more inclusive and efficient decentralized future by leveraging its robust data infrastructure in combination with Blast’s native yield model to enhance scalability and accessibility for developers and users.
Blast L2, developed by the Blur_io team, is a layer-2 scaling solution specifically designed for the DeFi and digital asset ecosystem. With a seamless and efficient experience for users and developers in the DeFi landscape, Blast L2 differentiates itself through its native yield capabilities for ETH and stablecoins, offering a highly anticipated solution for DeFi enthusiasts. By utilizing Covalent’s data infrastructure and collaborating with Blast, developers and users can expect improved scalability, accessibility, and user experience across a wide range of decentralized applications. The collaboration between Covalent and Blast represents a significant milestone in advancing Ethereum’s scalability while driving innovation in the blockchain space.
The partnership between Covalent and Blast showcases a shared commitment to addressing Ethereum’s scalability challenges and fostering innovation within the blockchain ecosystem. By combining Covalent’s comprehensive data infrastructure with Blast’s unique native yield model, developers and users can look forward to enhanced scalability, accessibility, and user experience across decentralized applications. Covalent and Blast are at the forefront of paving the way towards a more inclusive and efficient decentralized future, demonstrating the potential of collaboration and innovation within the blockchain industry to address pressing challenges and drive progress towards a more decentralized and accessible landscape for all stakeholders.
