According to Odaily Planet Daily, Covalent Network (CQT) has achieved an important milestone, with 300 million active wallets, a 20% increase since the beginning of 2024. This growth is due to its advanced query technology, which provides real-time, structured data to meet the needs of developers and users in a multi-chain environment.

The growth of active wallets shows Covalent's cornerstone position in the industry, providing historical, structured and verifiable data, serving DeFi, NFT, GameFi, SocialFi and other fields, especially in the field of AI. High-performance on-chain data enables developers and enterprises to carry out a wide range of applications, promoting innovation and efficiency in the blockchain field.

Covalent is committed to improving its technology stack and expanding its services, ensuring steady growth through innovations in data infrastructure and real-time updates. In the future, Covalent will continue to build on-chain structured data sets, support evolving use cases, and drive the development of the Web3 ecosystem.