Covalent, recognized as the leading data layer of Web3 announces Mode integration of its Unified API,to accelerate data access for its DeFi-focused modular Layer 2 solution built on Ethereum. This strategic collaboration is poised to drive DeFi innovations by providing developers with enhanced tools and capabilities to create innovative onchain applications. This partnership emphasizes Covalent’s commitment in supporting the rapidly evolving Web3 sector, leveraging its robust Unified API to enhance the accessibility of real-time and historical blockchain data.
Enhancing Data Accessibility with Covalent’s Unified API
Covalent’s Unified API is designed to streamline the way developers interact with blockchain data. Acting as a gateway, it facilitates the easy retrieval of standardized, human-readable transaction data, thus reducing complexity and enhancing the efficiency of blockchain applications.
Mode: The Collaborative Ethereum Scaling Solution
Mode is at the forefront of addressing Ethereum’s scalability challenges, enhancing the ecosystem with its user-centric approach to DeFi. Its integration with the OP Superchain by using Optimism’s OP Stack enables streamlined application development, positioning Mode as a purpose-built platform that evolves in tandem with its network’s growth.
The Mode Network offers substantial benefits for both users and developers:
Enhanced DeFi Experience: Users experience faster transactions and lower fees compared to traditional DeFi applications on the Ethereum mainnet.
Modular Design: Mode Studios provide developers with the tools to effortlessly create and deploy innovative DeFi applications without starting from scratch.
Robust Security: Leveraging the security of the Ethereum mainnet via the OP Stack, Mode Network ensures a secure environment for user funds.
David Tso, Growth & Customer Success Lead at Covalent
“Mode continues to grow and Covalent will continue to help provide onchain data for projects building around yield and DeFi primitives within its ecosystem. With Mode, we’re confident in delivering cutting-edge solutions and driving the next wave of innovation in DeFi.”
Unlocking new Potential in Blockchain Innovation
This integration firmly establishes Covalent as a pivotal force in Mode’s expansion, equipping the DeFi focused modular L2 to fully leverage Covalent’s largest set of structured data in Web3 to optimize its operations, enhance user experiences, and deliver the security of a robust DeFi ecosystem.
To find out more about Covalent and how it is shaping AI, DeFi and much more follow them on X/ Twitter.
About Covalent
Covalent (CQT) has created the largest data availability layer of Web3, enabling millions of users to build the new economy of products in AI, Big Data and DeFi. Its deep commitment to democratizing access to structured data is delivered through a singular Unified API for everyone. A core aspect of the DePIN ecosystem, Covalent serves developers, analysts, innovators and 1000’s of customers with comprehensive, real-time data access to +225 blockchains & growing. Learn how Covalent is building the long term data availability ‘Ethereum Wayback Machine’.
For more information, check out Covalent’s: Official Website | Discord | Telegram | Blog | API Guides
About Mode Network
Mode is a cutting-edge Ethereum L2 solution crafted for optimal scalability and user growth. It is an integral part of the OP Superchain, a network of chains interconnected for enhanced performance and functionality. Mode stands out for its focus on being builder-friendly and user-oriented, ensuring that as the network grows, its participants grow with it.
Check out Mode’s Twitter/X, join their Discord and Telegram
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