ChainCatcher news, the decentralized data infrastructure Covalent announced the launch of the EWM light client testnet on X.According to RootData, Covalent is a decentralized data infrastructure that enables users to seamlessly access blockchain data that was previously inaccessible. Covalent indexes the entire blockchain history and transforms this data in a standardized and truly interoperable manner. Users can leverage a unified API to query almost any data on a given blockchain.

ChainCatcher news, according to market news, Covalent Network has approved and completed the migration from CQT to CXT tokens and network contracts.

ChainCatcher news, blockchain data infrastructure company Covalent announced on social media that its governance proposal regarding the "change of tokens from CQT to CXT and other related changes" has been successfully approved, and the related token migration work has been completed.

ChainCatcher news, AI data infrastructure Covalent has announced a governance proposal to migrate the existing Covalent Network token CQT to CXT. Voting on this proposal on Snapshot will end on July 11.The proposal suggests the following key changes:Change the token code from CQT to CXT.Migrate the staking contract from CQT to CXT on the Ethereum chain.Migrate future governance on the Ethereum chain from CQT to CXT.Distribute CXT to all current CQT holders.Increase overall token liquidity.Covalent states that all tokens will be safe throughout the migration process. The CQT holdings of all token holders, operators, and delegators will be automatically migrated to CXT at a 1:1 ratio. CQT trading will stop at 00:00 UTC on July 9, and CXT trading will resume after the successful completion of the governance vote and migration.

ChainCatcher news, blockchain data infrastructure company Covalent has completed a $5 million financing round, led by RockTree Capital, with other investors including CMCC Global, Moonrock Capital, and Double Peak Group.Covalent develops infrastructure that allows users to access historical blockchain data in the "Ethereum Wayback Machine," similar to how web2 stores online webpages. The company stated that it will use this funding to expand into Asia and support long-term data availability in countries such as China and Singapore.It is reported that Covalent has raised over $20 million in total through token sales.

ChainCatcher news, Arthur Hayes, co-founder of the cryptocurrency exchange BitMEX, announced that he will serve as a strategic advisor for Covalent and will be compensated in the form of CQT tokens.Arthur Hayes stated, "Compared to competitors like The Graph, Covalent's CQT token is relatively undervalued, and I hope to help Covalent further develop."

ChainCatcher news, Covalent co-founder Ganesh Swami stated on the X platform that as of April 26, 2024, Covalent has fully acquired all CQT tokens held by the FTX bankruptcy estate.Swami mentioned that a private buyer purchased these assets a month ago and has since been selling them on the open market, which negatively impacted CQT. Therefore, Covalent reached out to this buyer last week and conducted a private transaction for all remaining CQT.

ChainCatcher news, Horizen's public EVM-compatible sidechain and smart contract platform Horizen EON has announced the integration of the blockchain data query and indexing platform Covalent. This integration will enable developers to efficiently build and deploy decentralized applications (DApps) on Horizen EON by leveraging an increasing number of blockchain data points.Horizen EON is currently running on its permanent public testnet Gobi, which is supported by a network of products, integrations, and tools, including Covalent. This integration also allows the data from Horizen's Gobi public testnet to be accessible via an API chain powered by Covalent, with plans to provide mainnet data later this year. (source link)