November 2022: Covalent Vision 2023 and Trailblazing New Web3 Frontiers with zkEVM roll up; Scroll. 🔥

TLDR:

• Joined by over 1700 partners and members of our community, November 25th, 2022 marked Covalent’s first ever keynote livestream to finish off the year with a bang and give our entire community the roadmap of our future.
• The Data Alchemist Bootcamp is booming, seeing a total of 125 successful students continuing on to the third module of the program and industry expertise provided by all-stars in the data game of Web3.
• Covalent integrates blockchains Oasis and Boba Network in November in addition to Scroll, becoming the very first indexer in the space to index zkEVMS.
• November was a huge month for hackathons, and with almost $100K in bounties up for grabs, Covalent makes sure our community knows that there’s no bear market for our builders.

Major Program Highlights

• Below is the master list of everything we unveiled, presented by some of our core team members:
• Our plan to launch a Layer 1
• Empowering our API users with our Premium API
• RPC Node Partnerships
• Fee Switch - token accrued value blurb.
• Hack Payback
• Inner Circle
• Data Alchemists
• Future products
• Class C, Premium Dashboards, etc…

ICYMI, watch the recording here: Covalent Vision 2023 . {{< tweet user="Covalent_HQ" id="1596200498646126592" >}}

Data Alchemist Bootcamp Update

• The Data Alchemist Bootcamp has been a huge hit. The first two modules of the program have now been completed, and the second module concluded with 125 successful submissions from students that will now be progressing into the third module.
• We’re absolutely grateful to be joined by an all-star panel of guest speakers lending their industry knowledge to the students of the program. So far, these include:
• Module 1: Danning, Lead Data Scientist at 0x Project.
• Module 2: Glassman, Strategy and Analytics Lead at Layer Zero Labs.
• Module 3: Konstantinos, Data Scientist from Polygon

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Project Submission Spotlight:

• Below is a list of just some of the amazing submissions we’re seeing from the Data Alchemist Bootcamp:
• Project 1: Layer 1 Sourcing
• On-Chain Analysis of JOE Trading Pairs
• 02 Data Alchemist: Battle of the DEXs
• The Battle of PancakeSwap Heavy Weights
• ApeCoin: Liquidity Pool Analysis [Uniswap V2 vs Sushiswap]
• Ethereum and its L2s: a symbiotic relationship?

It makes us incredibly happy to be seeing the feedback we’re getting from the first cohort of Data Alchemists. Check out some of their testimonies below:

• “I have never been more excited and honoured to be a part of an opportunity like this one from one of my very favourite companies. I would give anything to complete this program and have a career in web 3 as a Data Alchemist!”
• “I think is definitely an innovative approach to blockchain data. The custom endpoints proposal sounds like music to me, I cannot wait for it to be available so I can use it in my projects. The RRR model is also a very effective way to look at how a project is performing, makes the analysis simpler and also helps you present data/findings in a more relevant way.”
• “Absolutely exciting, challenging and promising - all rolled in one experience. I feel special, and motivated.”

Blockchain Indexing

“We’re excited about the partnership with Covalent. As the first & only multi-chain L2 with deployments on @avalancheavax, @BNBCHAIN, @ethereum, & @MoonbeamNetwork, it’s important to provide our community of devs access to tools like Covalent. ~ @alanchiu from @bobanetwork.

“Covalent acknowledges the key to the success of exchanges, trading firms & market makers is quick access to reliable data. By increasing visibility to trusted chains like Avalanche, Ethereum, Moonbeam, and BNB chain, the Boba Network is scaling for future growth” Ganesh Swami.

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“We’re thrilled to have established this partnership with Covalent. By empowering developers with these tools, this Covalent integration will help make Oasis a destination of choice.” ~ William Wendt, Ecosystem Growth Manager at Oasis Protocol.

“On behalf of the Covalent team, I couldn’t be more excited to welcome the Oasis Network as our partner. With this integration, we look forward to supporting the developers and the next wave of applications built in the Oasis ecosystem.” - Ganesh Swami.

• “Working with an innovator in the zkEVM space enables us to obtain and aggregate never before seen data from Ethereum rollups, which will uncover immense value for our API users and positively impact the Ethereum ecosystem overall.” - Ganesh Swami.

Macro

FTX

• On November 11th, Covalent published a blog post to reassure everyone in our community, including our partners, that we have absolutely zero operational exposure to FTX/Alameda.
• “Alameda Research was a private sale participant from Covalent’s Seed private sale with less than 0.18% of the CQT supply. Alameda Research was also one of our market makers as on June 2021, a relationship which we discontinued in June 2022. Any CQT related to the market maker relationship has been returned.”
• Read the full blog post here: Covalent Has No Exposure To FTX

Nomad Hack Recovery Plan

• On November 25th, Covalent was happy to announce the Covalent Recovery Plan, a solution that makes operators and all delegators of the Covalent Network who were affected by the Nomad Hack 100% whole.
• “The Nomad Bridge hack was an unfortunate event of 2022, affecting a few hundred members of the Covalent Network operator and delegator community and 11.3% of the CQT supply. However, the Covalent Recovery Plan is the conclusion to this chapter as the community moves into 2023.”
• Read the full blog post here: Nomad Hack Recovery Plan

Highlights

• Woodstock doubles down on celebrating Covalent’s mission of providing cryptographically secure data to continue running operator infrastructure with a $5 Million Funding Announcement .
• Covalent featured in Messari Report publication .
• Leibing Guo, Developer Relations, guest authored a blog post with Postman, a developer service used by over 20 MILLION builders, all about using the Covalent Unified API.
• Read the full blog post here: Fetch Web3 Data from More than 40 Blockchains with Postman and Covalent

Builder Zone

The deadline closes on December 4th, and we’re looking forward to seeing all of the awesome prize submissions.

Encode x Harmony Hackathon

After four weeks, Covalent’s hackathon with our partners, Harmony Protocol, just concluded! We were excited to see all of the amazing projects being built with the Covalent Unified API on the Harmony blockchain, and handed out over $4K in bounties to the top winners!

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• Encode Club x Harmony Hackathon: Prizewinners and Summary.

Press Coverage

• Honourable Mentions:
• Ganesh featured on The Ramp Show: Apps and infrastructure are interdependent on each other.
• Erik Ashdown, Head of Ecosystem, featured in Decentralizing the Web: Accelerating the Adoption of Web3 (Twitter Space: 19 October 2022) 🌐.
• Ganesh’s feature for Cointelegraph on the backlog of Web3 data roles in local tech journal article: Here's who won B.C. Tech's awards week.
• What is Fantom Crypto? article highlights Covalent’s Unified API and indexing solutions to the developers in the Fantom network.
• Ganesh is featured in Using Data Metrics to Make Conclusions talking about how the multi-chain thesis came to life through data metrics with Fantom Foundation.

Covalent Roadshow

Where we’ve been:

• November 4th to 6th: ETH Global’s ETHSanFrancisco Hackathon {{< tweet user="Covalent_HQ" id="1587869940975284229" >}} {{< tweet user="ETHGlobal" id="1588687182239522818" >}}
• Covalent India Meet up at Bangalore on November 30th {{< tweet user="thecoderpanda" id="1590051999609163776" >}}
• December 2nd to 4th: We had our very last builder event of the year for Asia’s biggest Ethereum hackathon of the year, ETHIndia by ETHGlobal, at Bengaluru, India, December 2nd to 4th. With over 1500 builders in attendance, Covalent was pumped to be share our Covalent Unified API and be apart of the incredible energy in the hackathon.

Looking Forward:

• We have lots of exciting new partnerships and product launches on the horizon so stay tuned for our 2022 report for all of the alpha, including our highlights of the biggest moments from this year.

In Case You Missed It:

• Check out what we got up to in our October update: 24 New Blockchains Indexed, API Call Growth Skyrockets M/M 20%, And $80K Up For Grabs In Hackathon Bounties 🚀

Thank you for all of your continued support! We look forward to sharing more exciting updates.

Much love, Ganesh Swami Co-Founder and CEO, Covalent