Web3 data provider and Unified API Key developer, Covalent has just announced that it will be the first data provider to provide full data visibility into all four of Boba Network’s L2 mainnet and testnet chains. The chains include Avalanche, Ethereum, Moonbeam, and the BNB chain. Moving forward, the protocol will make available reliable, granular Boba L2 mainnet and testnet data from the four blockchains to developers, analysts, and corporate decision-makers.
Here’s why Covalent and Boba’s partnership makes a bold statement.
Covalent’s mission of giving complete transparency to the billions of important blockchain data points recently received a boost from Boba Network’s L2 solution. To complement its growth into L2 solutions, Covalent is now integrating app-chains to provide users with more comprehensive analytics. There are more than 25 operational mainnets and more than 50 testnets that currently use it.
It is worth noting that the timing of this agreement coincides with the rapid expansion of Web3’s L2 infrastructure. According to a recent report, the amount of API requests made to the L2 chains that Covalent has indexed has increased by 15%. Covalent’s method of data collection guarantees a wide breadth across numerous chains and a low latency for the most up-to-date information retrieval. By doing so, we can be sure that all data, beginning with the first byte, is thoroughly examined.
The Boba Network is preparing for future expansion by boosting its profile on established blockchains such as Avalanche, Ethereum, Moonbeam, and BNB chain. Their unified API provides significant benefits to multichain environments and user groups. On the other hand, Hybrid Compute on the Boba Network delivers Web2’s capabilities on-chain, with enhanced smart contracts that let developers and producers use off-chain compute and real-world data to provide users with an enhanced experience that is currently unavailable elsewhere.
There is still significant interest among protocols, institutions, and dApp developers in utilizing a pervasive and robust network to unleash the potential of Web3 data and deliver superior analytics to end users. That makes this partnership not only sensible but also timely and futuristic.