IoTeX Partners with Covalent, Enhancing Data Accessibility for MachineFi

IoTeX Partners with Covalent, Enhancing Data Accessibility for MachineFi

IoTeX is excited to announce our new partnership with Covalent, a leading provider of indexing solutions for blockchains. As partners with almost all top Layer 1 blockchains, Covalent expands the availability of data for blockchains and Dapps, and simplifies the experience for developers who need reliable, high-quality data. Covalent provides a unified API to bring full transparency and visibility to assets across all blockchain networks. Its dataset supports 25B+ transactions, 30,000+ price feeds, and 200,000+ smart contracts for querying.

"IoTeX is the first EVM IoT blockchain and I think their IoT device data on the chain will be revolutionary. Like IoTeX, we strongly believe in people owning their data devices and identity. I'm excited to see what next generation dApps developers will build."— Ganesh Swami, Covalent CEO
IoTeX joins other top projects as a Covalent-supported blockchain.

As a Layer 1 EVM blockchain that is ultra-fast, low-fee, and IoT-compatible, IoTeX is tailor-fit to connect real world machines to the blockchain, enabling builders to incorporate machine data, value, and services in their Dapps. This is exemplified in MachineFi, which seeks to bring verifiable, machine data on-chain to fuel new Web3 financialization opportunities. IoTeX’s unique, on-chain data will include device identities, device interactions history, and hashes of IoT datasets, all of which will be indexed by Covalent and made available to developers.

“We are excited to partner with Covalent to expand the utility of on-chain machine data from IoTeX and deliver new analytical capabilities to builders. IoTeX has always prioritized radical transparency, and joining forces with partners like Covalent that embed this principle into their products is a match made in heaven.”  – Raullen Chai, IoTeX Cofounder

Enhanced Data Availability for Builders

Through this integration, IoTeX is expanding the availability of data on the platform and simplifying the experience for developers who need reliable, high-quality data. Using the Covalent API, developers can pull IoTeX mainnet data. You can access the network via the unified API by changing the chainId parameter. This seamless experience significantly enhances the IoTeX developer experience. The blockchain data available includes:

  • Token balances per address
  • Historical transactions per address
  • Historical prices by address and ticker symbol
  • Decoded log events

⭐️ Want to start building? Check out Covalent's API docs and IoTeX-specific integration details + endpoints. Stay tuned for the Covalent x IoTeX "One Million Wallets" hackathon where you will be able to leverage the indexed IoTeX blockchain data on Covalent to build your own wallets, dashboards, and more.

About Covalent

Covalent leverages big-data technologies to create meaning from hundreds of billions of data points, delivering actionable insights to investors and allowing developers to allocate resources to higher-utility goals within their organization. Instead of pain-stakingly sourcing data from a small handful of chains, Covalent aggregates information from across dozens of sources including nodes, chains and data feeds. The Covalent API then sources end users with individualized data by wallet, including current and historical investment performance across all types of digital assets. Most importantly, Covalent returns this data in a rapid and consistent manner, incorporating all relevant data within one API interface.

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About IoTeX

Founded in 2017, IoTeX is an EVM-compatible blockchain platform to fuel the Internet of Trusted Things, an open ecosystem where humans and machines can interact with guaranteed trust and privacy. IoTeX envisions a future where everyday people can own and control their smart devices, as well as the data and value they generate. Backed by a global team of 30+ top research scientists and engineers, IoTeX combines blockchain, decentralized identity, and secure hardware to enable user-owned IoT devices and networks. By connecting the physical and digital worlds, IoTeX will empower the future machine economy and redefine the trillion-dollar IoT industry.

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