A message to our Community: Covalent, SimpleHash and the Future

The crypto industry is no stranger to turbulence. Companies rise and fall, narratives shift, and markets oscillate between euphoria and despair. The recent consolidation of our competitors, including SimpleHash (an NFT indexer) has led to questions from our community, and we want to address them head-on.

Let’s be crystal clear: Covalent is not just here to stay; we are accelerating.

For our customers, partners, and developers: your data infrastructure is not at risk. Covalent is battle-hardened, deeply committed, and unwavering in our mission to provide the richest and most reliable blockchain data infrastructure in the world. We have been building since 2018 and are not slowing down.

Here is why Covalent is built to last:

1. Built by Veteran Startup Entrepreneurs
   This is not our first rodeo. The Covalent team is led by seasoned startup entrepreneurs who have seen multiple cycles, adapted through shifting landscapes, and built lasting technology businesses. We’ve been through the trenches, and we understand what it takes to navigate volatility. Our experience gives us an advantage: we know how to chew glass, and more importantly remain unphased.

2. So much more than NFT Data
   While some companies built their entire business around a specific use-case like NFTs, Covalent has always had a broader vision. Our scope extends far beyond NFT data: we serve wallet providers, accounting platforms, forensics vendors, enterprises, DeFi protocols, gaming companies, and builders of all kinds.

   NFTs are an important vertical (and we will talk more about our innovation there), but we have zero reliance on a single trend or flavor of the day.

3.  Expansive Blockchain Coverage
   Covalent offers unparalleled multichain support, indexing 100+ blockchains across Layer 1s, Layer 2s, app chains, and rollups. Our commitment to exhaustive blockchain coverage is not changing. It is as a matter of fact, getting stronger as seen by recent additions to our growing list of supported chains including Monad, Berachain, Unichain just this month alone.

4. A Thriving Ecosystem of Customers
   Our customers range from global enterprises to high-growth Web3 startups. Whether it’s powering analytics dashboards, DeFi tracking, NFT marketplaces, or wallets, Covalent’s data is mission critical and the trusted choice for industry leaders to be their data backbone.

5. We’re Innovating Faster Than Ever
   Talk is cheap. Execution speaks louder than words.

   Just in the last two months alone, we have designed, built and shipped multiple game-changing features:

   ✅ Real-time, multichain data feeds – Addressing the need for ultra-low-latency blockchain data and the ability to fetch data across chains with a single API call. These new endpoints are unparalleled in the industry.
   ✅ AI Agent SDK – Toolkit to build autonomous AI agents for the Zero-Employee Enterprise (ZEE) using Chain-Of-Thought large language models.
   ✅ Expanded chain coverage – Bringing support for new chains and rollups such as Berachain, Unichain, Monad and others.

6. For NFT Builders: We’re Still Here and Innovating
   For teams building with NFTs such as marketplaces, analytics tools, and games: you are not abandoned.

   Covalent remains one of the best NFT data providers in the industry, and we continue to enhance our capabilities with:
   🔹 Cached multimedia NFT assets for lightning fast responses. Our CDN serves over 500 terabytes of assets.

   🔹 Enhanced thumbnails, blurhashes and previews, including head-less rendering of SVGs.

   🔹 Rich NFT metadata including traits and attributes.

7. What’s Next: The Roadmap for 2025 and Beyond
   Our vision remains clear and ambitious. Here’s what you can expect next:

• 📌 Next-gen data streaming – Further reducing latency for real-time blockchain data with our Streaming Data Services. 

• 📌 Enhanced multichain coverage – Supporting the next wave of EVM chains and the Solana, Sui and Aptos ecosystems.

• 📌 Smart Wallet and Transaction Labeling – Enabling deep data segmentation and filtering.

• 📌 Developer-first experience – More SDKs, better documentation, and increased support.

• 📌 Deep AI integration – Enabling smarter data queries and insights.

All backed by Covalent Network's cryptographically verifiable decentralized data infrastructure.

Final Word: We Are Here to Serve

The blockchain industry is entering a new era, one defined by real-time intelligence, automation, and multichain composability: supported by verifiable rails. Covalent isn’t just keeping up; we are setting the pace for the entire data infrastructure space.

As our competitors consolidate, pivot, or fade away, we remain relentlessly focussed on our mission: empowering builders with the most robust, scalable, and intelligent data infrastructure in Web3. Blockchains and AI remain one of the remaining tools to bring back the trust in society with transparency and without Covalent, this data is hard to decipher - leaving the promise of an equitable world unfulfilled.

Covalent isn’t just built to last, we are built to lead.

Onward. 🚀

-- Ganesh Swami, Co-founder of Covalent