According to Odaily Planet Daily, Covalent (CQT) and Cronos have officially reached a cooperation. Covalent created the Web3 large-scale data availability layer to enable 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 cooperation between the two parties will strive to promote the launch of Cronos zkEVM, which is expected to further reduce transaction costs, increase transaction speed, and bring a better transaction experience in the Ethereum ecosystem. This collaboration aims to jointly cultivate a more connected blockchain ecosystem.
Cronos zkEVM will leverage the extensive network system and unified API of Covalent Network (CQT) to expand utility and coverage, expand influence in the dApp ecosystem, and cultivate a more inclusive, efficient and secure financial ecosystem for global users.