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smart summary beta

Covalent is betting big on the multi-chain future, and they have now indexed 7 major blockchains, one of which is Moonbeam, the new Polkadot smart contract platform that allows developers to build blockchain apps that are interoperable across various chains.

Following an in-depth research period, Covalent assessed that working with Ethereum was becoming prohibitive,mainly due to high gas fees.

They are both all about theWeb3 dream, which is the plan to create a decentralized index and query layer across the ecosystem, pushing forward the boundaries of what is possible on the blockchain, to create an ecosystem that is truly interoperable.

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