Following months of research by the Covalent team - we are delighted to announce that the decentralized Covalent Network is going to live on the Moonbeam network. Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot.
The following describes our thought process and decision matrix on how we made the decision to build on Moonbeam.
VANCOUVER, March 24th, 2021 - Covalent, a unified API for blockchain data, has closed a $2 million strategic funding round led by Hashed with participation from Binance Labs, Coinbase Ventures, Delphi Ventures, Hypersphere Ventures, and other ecosystem partners. The new funding will accelerate product timelines to launch a decentralized version of the market leading Covalent API.
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