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Covalent reaches cooperation with Cronos to help its L2 DeFi ecological development

Covalent reaches cooperation with Cronos to help its L2 DeFi ecological development

CointimeCointime2024/03/20 06:47
By:Cointime

Covalent (CQT) has officially partnered with Cronos. It is reported that Covalent has created a Web3 large-scale data availability layer, enabling millions of users to build new economic products in the fields of AI, big data, and DeFi. Cronos is an Ethereum-compatible Layer1 network built on the Cosmos SDK. The partnership aims to promote the launch of Cronos zkEVM. This integration is expected to further reduce transaction costs, improve transaction speed, and provide a better trading experience for the Ethereum ecosystem. The collaboration aims to jointly cultivate a more interconnected blockchain ecosystem. Cronos zkEVM will leverage Covalent Network (CQT)'s extensive network system and unified API to expand its usability and coverage, increase its influence in the dApp ecosystem, and cultivate a more inclusive, efficient, and secure financial ecosystem for global users.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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