Covalent Network (CQT) has achieved a significant milestone with an active wallet count of 300 million, a 20% rise since early 2024. This growth is attributed to its advanced querying technology, providing real-time, structured data to meet the needs of developers and users in multi-chain environments.

The growth of active wallets demonstrates Covalent's foundational position in the industry, providing historical, structured, and verifiable data for DeFi, NFT, GameFi, SocialFi, and other fields, particularly excelling in the AI domain. High-performance on-chain data enables developers and businesses to facilitate widespread adoption, driving innovation and efficiency improvement in the blockchain industry.
Covalent is committed to the improvement of technology stack and service expansion, ensuring stable rise through data infrastructure and real-time updated innovations. In the future, Covalent will continue to build on-chain structured data sets, supporting evolving use cases and driving the development of the Web3 ecosystem.