Covalent Network (CQT) has reached a significant milestone, surpassing 300 million active wallets, a 20% increase since the beginning of 2024. This remarkable growth is attributed to its cutting-edge query technology, which provides real-time, structured data to meet the needs of developers and users in a multi-chain environment.

The increase in active wallets underscores Covalent's cornerstone position in the industry, providing historical, structured, and verifiable data to various sectors including DeFi, NFT, GameFi, SocialFi, and particularly excelling in the AI field. High-performance on-chain data enables developers and businesses to apply widely, promoting innovation and efficiency in the blockchain field.

Covalent's commitment to enhancing its technology stack and expanding its services has been instrumental in driving its growth. Through innovative data infrastructure and real-time updates, it ensures steady growth, building on its foundation of structured data sets to support the ever-evolving use cases.

In the future, Covalent will continue to build on-chain structured data sets to support the development of the Web3 ecosystem, driving innovation and efficiency in the blockchain field. Its advanced query technology will remain a cornerstone of its operations, providing real-time, structured data to meet the needs of developers and users.

In conclusion, Covalent Network's achievement of 300 million active wallets is a testament to its innovative technology and commitment to excellence. As the blockchain industry continues to evolve, Covalent's position as a leader in providing structured data will remain a crucial factor in driving innovation and efficiency.