Well guys, let’s touch on such areas as financial analytics and databases in the blockchain and on financial markets.
Honestly, we live in turbulent times. The world as a whole, and the financial world continues to wobble, markets are gradually going crazy.
We are now in a colossal financial bubble. Yes, there were bubbles before, they constantly appear, but in 2020 we are faced with something completely unseen. Whole industries are almost dying, many countries are experiencing the beginning of a financial collapse, and with all this, what do we see? Dow Jones makes All Time High, STANDARD & POOR’S 500 makes ATH too! And behind them crypto market flies you know where. Bitcoin is about to jump to the maximum and make 20k.
And how is all this to be understood?
So that the market is monstrously overheated. The coming years are preparing us for huge ups and downs, the volatility will be monstrous.
What’s in the crypto world? We see around the super-hype of Defi projects. Many blockchain ecosystems have already been built and their number is growing. Yes, there is also a big bubble, but it is still a platforms for the future new financial world system. It is on the existing blockchains and their analogues that future systemic mega-projects will be built.
But how to navigate in all this? I will once again remind and illustrate how the Defi is growing now
Who will be able to fish out the necessary information from these huge amounts of data, who will build patterns in the upcoming tsunami of information? And there are such guys. This is the highly promising team of Covalent, a team of talented data scientists, analysts, blockchain and database engineers.
Do you know who believes in them? Some of the coolest investment groups believed in them. Covalent closed the investment of the round for $ 3.1 million.
Just take a look at their backers:
Covalent make a simple and super powerful api for blockchain data. They are ready to collect and analyze data from the most popular modern projects. Covalent is already in partnership with Polkastarter, UpBots, Shyft Network, Reef, ZeroSwap and many other great projects.
One more thing. Let’s google for example the request “defi analytics” — let’s see who is doing this now? Oops.
2 or 3 place in the top Google searches — defistats.io “an independent source for visually exploring the emerging decentralized finance”
Yes, yes, this is a Covalent project.
All this I mean is that Covalent is already one of the top projects and they doing extremely significant work for the entire crypto world in this difficult time of unrest on the crypto market. And they are overly promising, this is a cool team.
I will definitely follow these guys and, if possible, participate in their activities and use their products.
