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Our new campaign exploring Covalent’s Ethereum Wayback Machine is now live on Galxe!
Discover Ethereum's "Rollup Era," unlock insights into the EWM, and put your knowledge to the test 🧠
Take our quiz and complete the tasks for a chance to win $1000 USDC! One lucky winner will be drawn at random.
Ready to join the journey into long-term data availability?
Participate in the campaign ⬇️
https://galxe.com/Covalent/campaign/GCZzrtTX4e
Learn more about the EWM in our latest article: https://hackernoon.com/covalent-cqts-ethereum-wayback-machine-securing-long-term-data-availability-in-the-rollup-era
Discover Ethereum's "Rollup Era," unlock insights into the EWM, and put your knowledge to the test 🧠
Take our quiz and complete the tasks for a chance to win $1000 USDC! One lucky winner will be drawn at random.
Ready to join the journey into long-term data availability?
Participate in the campaign ⬇️
https://galxe.com/Covalent/campaign/GCZzrtTX4e
Learn more about the EWM in our latest article: https://hackernoon.com/covalent-cqts-ethereum-wayback-machine-securing-long-term-data-availability-in-the-rollup-era
galxe.com
Deciphering the EWM: Securing Long-Term Data Availability in Rollup Era by Covalent | Galxe
Join Deciphering the EWM: Securing Long-Term Data Availability in Rollup Era from Covalent on Galxe — Your Web3 Community is Waiting. Earn rewards to build your Web3 digital identity.
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The New Dawn is upon us 🌅.
Progress:
▓▓▓▓▓▓░░░░░░░░░░░░░░ 30%
Stay tuned for more updates.
Progress:
▓▓▓▓▓▓░░░░░░░░░░░░░░ 30%
Stay tuned for more updates.
At the core of blockchain innovation lies real-time, structured, and verifiable data 🚀
Our reach has expanded from 240M to over 280M wallets in Q1, driving innovations in AI, DeFi, and more across the Web3 ecosystem. Discover the details in our latest article!
https://cryptonews.com/news/covalent-grows-global-wallet-reach-by-40-million-in-q1-now-powering-280-million-with-its-structured-data.htm
Our reach has expanded from 240M to over 280M wallets in Q1, driving innovations in AI, DeFi, and more across the Web3 ecosystem. Discover the details in our latest article!
https://cryptonews.com/news/covalent-grows-global-wallet-reach-by-40-million-in-q1-now-powering-280-million-with-its-structured-data.htm
Cryptonews
Covalent Grows Global Wallet Reach by +40 Million in Q1, Now Powering 280 Million with its Structured Data
Covalent (CQT) has reported significant growth in active wallets using its data, now surpassing 280 million across the Web3 ecosystem, up from +240
Be a part of our growing community on Galxe! Dive into our latest campaign for a chance to win $100 USDC–available for 3 days ⏰
https://app.galxe.com/quest/Covalent/GCKsBthRYk
https://app.galxe.com/quest/Covalent/GCKsBthRYk
galxe.com
Covalent: Growth in the Dataverse | USDC Prize Pool by Covalent | Galxe
Join Covalent: Growth in the Dataverse | USDC Prize Pool from Covalent on Galxe — Your Web3 Community is Waiting. Earn rewards to build your Web3 digital identity.
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🚨🚨🚨
CQT Staking is Migrating Back to Ethereum
🌅 The New Dawn Progress 🌅
▓▓▓▓▓▓▓▓▓▓▓▓░░░░░ 66%
For Covalent to bring online the Ethereum Wayback Machine, staking needs to be on Ethereum.
We propose a migration of CQT staking from Moonbeam to Ethereum.
Why This Migration?
Simplify Transactions—No more dealing with two types of gas tokens and complex transfers.
Enhance Network Growth—Aligns with our goals for a scalable and robust infrastructure.
We Need Your Voice!
Read the full post for details:
🧑🚀 https://www.covalenthq.com/blog/the-new-dawn-migrating-cqt-staking-back-to-ethereum-phasing-down-moonbeam/
Governance Post:
🧑⚖️ https://snapshot.org/#/covalenthq.eth/proposal/0xec17ab46048766fd87a2341789f28cc797a7008bb9c1db3c90babdd22f030057
Assuming a successful quorum:
Unstake CQT on Moonbeam (with zero cooldown post migration).
Use Wormhole to bridge your CQT to Ethereum.
Stake on Ethereum and select your operator.
👉 For detailed steps, connect your wallet to the Staking Dashboard https://www.covalenthq.com/staking/
CQT Staking is Migrating Back to Ethereum
🌅 The New Dawn Progress 🌅
▓▓▓▓▓▓▓▓▓▓▓▓░░░░░ 66%
For Covalent to bring online the Ethereum Wayback Machine, staking needs to be on Ethereum.
We propose a migration of CQT staking from Moonbeam to Ethereum.
Why This Migration?
Simplify Transactions—No more dealing with two types of gas tokens and complex transfers.
Enhance Network Growth—Aligns with our goals for a scalable and robust infrastructure.
We Need Your Voice!
Read the full post for details:
🧑🚀 https://www.covalenthq.com/blog/the-new-dawn-migrating-cqt-staking-back-to-ethereum-phasing-down-moonbeam/
Governance Post:
🧑⚖️ https://snapshot.org/#/covalenthq.eth/proposal/0xec17ab46048766fd87a2341789f28cc797a7008bb9c1db3c90babdd22f030057
Assuming a successful quorum:
Unstake CQT on Moonbeam (with zero cooldown post migration).
Use Wormhole to bridge your CQT to Ethereum.
Stake on Ethereum and select your operator.
👉 For detailed steps, connect your wallet to the Staking Dashboard https://www.covalenthq.com/staking/
It's time!
You can now unstake from Moonbeam and stake your CQT on Ethereum.
1️⃣ Navigate to the staking dashboard https://www.covalenthq.com/staking/
2️⃣ Click "Migrate Now" and connect your wallet
3️⃣ Carefully follow the onscreen wizard 👈
🌅 New Dawn Progress:
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓░░░░░ 75%
You can now unstake from Moonbeam and stake your CQT on Ethereum.
1️⃣ Navigate to the staking dashboard https://www.covalenthq.com/staking/
2️⃣ Click "Migrate Now" and connect your wallet
3️⃣ Carefully follow the onscreen wizard 👈
🌅 New Dawn Progress:
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓░░░░░ 75%
🚀 Exciting update! The Q1 2024 report on Covalent by Messari is out now.
Get key insights into how we’re building the Ethereum Wayback Machine (the key solution for long-term data availability) and much, much more.
Dive into the details 🔗 https://messari.io/report/state-of-covalent-q1-2024
Get key insights into how we’re building the Ethereum Wayback Machine (the key solution for long-term data availability) and much, much more.
Dive into the details 🔗 https://messari.io/report/state-of-covalent-q1-2024
messari.io
State of Covalent Q1 2024
An analysis of Covalent's financial and network activity in Q1 2024.
Big shoutout to the 5 newest operators joining the network–Thunderhead, Dapplooker, Corthos Capital, Restake and Allnodes 🥳
These operators will be pivotal in boosting long-term data availability for the EWM, driving us towards greater decentralization and even stronger data security 💪
Read all about it in our newest article ⬇️
https://cryptoslate.com/press-releases/covalent-increases-network-decentralization-by-23-with-addition-of-five-new-network-operators-enhancing-long-term-data-security/
These operators will be pivotal in boosting long-term data availability for the EWM, driving us towards greater decentralization and even stronger data security 💪
Read all about it in our newest article ⬇️
https://cryptoslate.com/press-releases/covalent-increases-network-decentralization-by-23-with-addition-of-five-new-network-operators-enhancing-long-term-data-security/
CryptoSlate
Covalent Increases Network Decentralization by 23% with Addition of Five New Network Operators, Enhancing Long-Term Data Security
As part of its initiative to broaden its operator base to further decentralize the network infrastructure, Covalent is welcoming five new Block Specimen Producers (BSPs) to the Covalent Network. Not only does this move reaffirm Covalent’s dedication to community…
🫡 Progress Report is Live
https://covalenthq.com/blog/new-dawn-staking-migration-progress-report/
✅ Currently 9% of CQT supply is staked (targeting 20% supply)
✅ 23% more decentralized with 5 new Operators
✅ APY normalizing to 12% sitting at ~ 30% currently
🏮 Please remind your community to migrate by sharing the following APY image and information:
“If you have not yet transferred your CQT from Moonbeam to Ethereum, there is no incentive to remain staked on Moonbeam and now is the ideal time to migrate your stake to take advantage of the temporarily high APY.”
1 - Go to the Staking Dashboard (https://www.covalenthq.com/staking/)
2 - Connect your wallet
3 - Click “Migrate Now”
4 - Follow the onscreen instructions
https://covalenthq.com/blog/new-dawn-staking-migration-progress-report/
✅ Currently 9% of CQT supply is staked (targeting 20% supply)
✅ 23% more decentralized with 5 new Operators
✅ APY normalizing to 12% sitting at ~ 30% currently
🏮 Please remind your community to migrate by sharing the following APY image and information:
“If you have not yet transferred your CQT from Moonbeam to Ethereum, there is no incentive to remain staked on Moonbeam and now is the ideal time to migrate your stake to take advantage of the temporarily high APY.”
1 - Go to the Staking Dashboard (https://www.covalenthq.com/staking/)
2 - Connect your wallet
3 - Click “Migrate Now”
4 - Follow the onscreen instructions
The Ethereum Wayback Machine isn't just another data solution—it's a strategic, modular answer to today’s long-term DA challenges.
📈 $5.4B in TVL across top EVM L2s using blobs
📊 Blob data is deleted from Ethereum in ~18 days
🚀 Covalent supports 6 of the top 10 L2 projects using blobs for DA
The numbers speak for themselves!
Check out our latest article to learn more ⬇️
https://cryptonews.com/news/covalents-long-term-data-infrastructure-supports-top-evm-l2s-that-use-blobs-totaling-5-4b-in-tvl.htm
📈 $5.4B in TVL across top EVM L2s using blobs
📊 Blob data is deleted from Ethereum in ~18 days
🚀 Covalent supports 6 of the top 10 L2 projects using blobs for DA
The numbers speak for themselves!
Check out our latest article to learn more ⬇️
https://cryptonews.com/news/covalents-long-term-data-infrastructure-supports-top-evm-l2s-that-use-blobs-totaling-5-4b-in-tvl.htm
Cryptonews
Covalent’s Long-Term Data Infrastructure Supports Top EVM L2s Utilizing Blobs, Totaling $5.4B in TVL
Covalent, the leading historical data availability network empowering 1000’s of customers and developers with its structured data infrastructure on
The progress speaks for itself.
In just a month after migrating to Ethereum, over 13% of CQT is now staked with an APY of ~18% 🚀
We’ve exceeded the ATH staking ratio on Moonbeam and are running out of delegation room!
👀 Keep your eyes locked for a proposed fix soon. Read about it ⬇️
https://hackernoon.com/covalents-cqt-staking-migration-ratio-on-ethereum-climbs-to-13percentsurpassing-previous-moonbeam-ath
In just a month after migrating to Ethereum, over 13% of CQT is now staked with an APY of ~18% 🚀
We’ve exceeded the ATH staking ratio on Moonbeam and are running out of delegation room!
👀 Keep your eyes locked for a proposed fix soon. Read about it ⬇️
https://hackernoon.com/covalents-cqt-staking-migration-ratio-on-ethereum-climbs-to-13percentsurpassing-previous-moonbeam-ath
Hackernoon
Covalent’s CQT Staking Migration Ratio On Ethereum Climbs To 13%, Surpassing Previous Moonbeam ATH | HackerNoon
Covalent (CQT) is shipping data infrastructure for the decentralized ecosystem, solving Long-Term Data Availability for Ethereum.
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Ready for the next big step towards the New Dawn?🌅
We’re proposing to boost the BSP staking max multiplier to 34x for CQT holders.
🗒️ Full details here: https://www.covalenthq.com/blog/the-new-dawn-proposal-to-increase-the-max-multiplier/
🤔 Why Adjust the Max Multiplier?
Since migrating to Ethereum, Covalent Network's staked total is now at 13.78% (~137M CQT). With only 2.17% delegation room remaining, demand is surpassing the rate of new operators onboarding.
🏛️ Governance Proposal:
If the proposal passes, the increased max multiplier will allow more room for delegates to stake and earn emissions yield.
🗳️ Steps to Vote:
1. Connect your Ethereum wallet on the mainnet to Snapshot.
2. Follow instructions and vote by signing a meta-transaction.
3. Your voting weight is proportional to your CQT holdings.
Voting is now open for the next 5 days!
For all CQT token holders, vote here👉 https://snapshot.org/#/covalenthq.eth/proposal/0xf55a1ba2cd081b5d5fc7235c3a33f2255b64db9a3cc07fe383b37f26b3892885
We’re proposing to boost the BSP staking max multiplier to 34x for CQT holders.
🗒️ Full details here: https://www.covalenthq.com/blog/the-new-dawn-proposal-to-increase-the-max-multiplier/
🤔 Why Adjust the Max Multiplier?
Since migrating to Ethereum, Covalent Network's staked total is now at 13.78% (~137M CQT). With only 2.17% delegation room remaining, demand is surpassing the rate of new operators onboarding.
🏛️ Governance Proposal:
If the proposal passes, the increased max multiplier will allow more room for delegates to stake and earn emissions yield.
🗳️ Steps to Vote:
1. Connect your Ethereum wallet on the mainnet to Snapshot.
2. Follow instructions and vote by signing a meta-transaction.
3. Your voting weight is proportional to your CQT holdings.
Voting is now open for the next 5 days!
For all CQT token holders, vote here👉 https://snapshot.org/#/covalenthq.eth/proposal/0xf55a1ba2cd081b5d5fc7235c3a33f2255b64db9a3cc07fe383b37f26b3892885
🚨Milestone alert🚨 We just hit 300 million active wallets utilizing our data... wild 🤯!
That’s a 20% increase since the start of the year.
The consistent growth showcases the millions of use cases powered by the Covalent Network’s structured, verifiable data across the entire blockchain ecosystem 🚀 Get the details in our latest article:
https://news.bitcoin.com/covalent-reaches-milestone-of-300-million-active-wallets-achieving-significant-20-growth-since-beginning-of-q1-2024/
Celebrate with us by joining our Galxe campaign for a chance to win $200 USDC! Three winners will be drawn. Don’t wait—only open for 3 days ⏰
Be sure to follow, like, and retweet to enter!
https://app.galxe.com/quest/Covalent/GC9JQtd1va
That’s a 20% increase since the start of the year.
The consistent growth showcases the millions of use cases powered by the Covalent Network’s structured, verifiable data across the entire blockchain ecosystem 🚀 Get the details in our latest article:
https://news.bitcoin.com/covalent-reaches-milestone-of-300-million-active-wallets-achieving-significant-20-growth-since-beginning-of-q1-2024/
Celebrate with us by joining our Galxe campaign for a chance to win $200 USDC! Three winners will be drawn. Don’t wait—only open for 3 days ⏰
Be sure to follow, like, and retweet to enter!
https://app.galxe.com/quest/Covalent/GC9JQtd1va
Bitcoin News
Covalent Reaches Milestone of 300 Million Active Wallets, Achieving Significant 20% Growth Since Beginning of Q1 2024 – Standard…
PRESS RELEASE. Covalent has achieved a significant milestone, reaching 300 million active wallets utilizing its extensive and comprehensive data services.
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Great news 🎉 The governance vote to increase the Max Multiplier has passed!
🌅 New Dawn Progress:
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓░░░ 85%
With more delegation room, the Covalent Network is well on its way to reaching its goal of 20% supply staked 🚀
Get all the details in our latest blog post 👉 https://covalenthq.com/blog/the-new-dawn-proposal-to-increase-the-max-multiplier/
Check out our staking dashboard 👉 https://covalenthq.com/staking/#/
🌅 New Dawn Progress:
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓░░░ 85%
With more delegation room, the Covalent Network is well on its way to reaching its goal of 20% supply staked 🚀
Get all the details in our latest blog post 👉 https://covalenthq.com/blog/the-new-dawn-proposal-to-increase-the-max-multiplier/
Check out our staking dashboard 👉 https://covalenthq.com/staking/#/