Covalent Partners with Polygon’s zkEVM to Support Scaling the Ethereum Ecosystem
Covalent, a Web3 data provider trusted by a community of 40,000+ developers and powering data for 5,000+ applications, today announced a milestone partnership with Polygon’s zkEVM public testnet as the protocol increases efforts to support scaling the Ethereum blockchain. Understanding that data readability directly impacts blockchain scalability, this collaboration will enable developers, analysts, and other Web3 decision-makers to access a new, valuable data set from Polygon’s growing suite of scaling solutions. Users can access Polygon zkEVM data through Covalent starting from March 27th.
Following the groundbreaking Ethereum Merge in September 2022, the Ethereum blockchain is processing an increased number of transactions at faster rates – accelerating the rate and volume of available data points for developers and builders. As momentum continues, Covalent aims to enhance its data aggregation process for Ethereum developers through strategic partnerships like Polygon zkEVM.
Covalent’s long-standing focus on scaling the Ethereum blockchain stems from the connection between blockchain scalability and mass adoption – empowering the future of Web3 development requires the deepest visibility into billions of blockchain data points. As developers access more user data and uncover budding trends with Covalent, they will have the tools and resources to build projects offering users real-world utility and value.
“As Ethereum scales, there is a larger pool of data available for developers, and Covalent serves as the critical link between billions of data points and developers leveraging on-chain data to build decentralized applications,” said Ganesh Swami, CEO and co-founder of Covalent. “We recognize the importance of zkEVM solutions within the broader Ethereum roadmap, and working with Polygon zkEVM – which made history as the first zero-knowledge scaling solution that is fully equivalent to an EVM – will help us grow with Ethereum.”
Covalent’s integration with Polygon zkEVM furthers the protocol’s role as the first – and only – Web3 data aggregator to provide complete data transparency to zkEVM blockchains. Earlier this year, Covalent announced its partnership with native zkEVM solution Scroll as it builds its focus within this innovative space.
“Polygon zkEVM is truly a breakthrough innovation that opens a new chapter for mass blockchain adoption – a mutual goal for us and Covalent,” said Hamzah Khan, Head of DeFi, Polygon Labs. “Not only does zkEVM technology serve Ethereum-equivalence, but it also enables scalability and security, which will greatly benefit the Web3 innovations to come.”
Covalent’s data collection process ensures low latency for the most up-to-date information retrieval, tremendous breadth spanning 90+ blockchains and alternative sources (app-chains, L2s, etc), and impressive depth – ensuring all data is analyzed from the genesis block and beyond. Leveraging these findings to unlock the power of Web3 data and provide users with the highest-quality analytics remains in great demand by protocols, institutions, and dApp developers.
To learn more about Covalent visit covalenthq.com or follow @Covalent_HQ on Twitter.
