# Covalent > Verified data powering AI and the onchain economy Covalent is a decentralized data infrastructure protocol that provides structured, verifiable blockchain data across multiple chains for developers, applications, and AI agents. Covalent is a decentralized data infrastructure layer for developers, enterprises, and AI systems that need reliable, multi-chain onchain data. Users can query token balances, transactions, NFT data, and DeFi activity across multiple blockchains through the GoldRush API, stake CXT tokens to participate in network security, and run nodes to contribute to data availability. The network uses cryptographic proofs and a canonical Block Specimen format to ensure data integrity and long-term availability. - Type: Protocol - Sector: Data & Analytics - Status: Active - Founded: 2018-01-01 - Profile: https://thegrid.id/profiles/covalent ## Products - [GoldRush](https://thegrid.id/profiles/covalent): GoldRush is a REST and WebSocket API suite providing indexed blockchain data across multiple networks. Endpoints cover token balances, transaction histories, decoded event logs, OHLCV price data, and real-time DEX pair streams. A command-line interface enables terminal-based querying without writing code, and an Agent Skills package delivers structured endpoint context to AI agents via the Model Context Protocol. The API is accessed via a single API key and a unified data schema across all supported chains. (OnChain Data API, Live) - [SpeedRun](https://thegrid.id/profiles/covalent): SpeedRun is a No-code platform for building and deploying full-stack on-chain applications using natural-language prompts. Users describe the application they want to build, and SpeedRun generates the code, handles on-chain deployments, and provides tooling for monetizing the resulting apps. The platform uses the same indexed data backbone as GoldRush for sub-second on-chain data access and is designed to support autonomous agent deployment. (Developer Tooling, Live) - [Covalent Network](https://thegrid.id/profiles/covalent): Covalent Network is a Decentralized data infrastructure protocol addressing long-term blockchain data availability and verifiability. The network captures raw blockchain state as Block Specimens which are enriched by Block Results Producers and stored across distributed operator nodes. Network Operators stake CXT tokens as an economic bond covering roles including Block Specimen Producer, Block Results Producer, and Ethereum Wayback Machine Light Client, with cryptographic proofs verifying data accuracy at each stage. The Ethereum Wayback Machine component preserves complete Ethereum historical state as the protocol moves toward state expiry under EIP-4444. (Developer Tooling, Live, Main Product) ## Assets - [Covalent X Token (CXT)](https://thegrid.id/profiles/covalent): CXT is the utility token of the Covalent Network, a decentralized blockchain data infrastructure layer. It is used for staking by network operators and delegators to secure data indexing operations, governance voting on protocol proposals, and as the settlement currency denominating network rewards. API query revenue paid by developers in stablecoins is programmatically converted to CXT through open-market purchases, creating demand linked directly to network usage. (Utility) - [Covalent Query Token (CQT)](https://thegrid.id/profiles/covalent): CQT is the deprecated utility token of the Covalent Network, replaced by CXT following a community governance vote. It served the same functions as CXT, staking by network operators, governance voting, and settlement of network rewards, before the migration. CQT is no longer supported within the Covalent Network for staking, governance, or other utility, and all holders received CXT at a 1:1 ratio. (Utility) ## Links - [Main](https://www.covalenthq.com) - [Documentation](https://www.covalenthq.com/docs/introduction) - [Blog](https://www.covalenthq.com/blog) - [Whitepaper](https://www.covalenthq.com/docs/resources/covalent-network-whitepaper) - [Privacy policy](https://www.covalenthq.com/privacy-policy) - [Terms of Service](https://www.covalenthq.com/terms-of-use) - [Media Kit/branding](https://zeroheight.com/30bc2b5b6/p/984854-covalent-brand-assets) - [Governance](https://www.covalenthq.com/docs/resources/governance) - [Twitter / X](https://x.com/Covalent_HQ) - [Discord](https://discord.gg/wTkSjU6ZhU) - [Telegram](https://t.me/CovalentHQ) - [YouTube](https://www.youtube.com/@CovalentHQ) - [LinkedIn](https://www.linkedin.com/company/covalenthq) - [GitHub](https://github.com/covalenthq) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation. Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service. The following applies to both licensing models. - All data is provided AS IS with no guarantees of accuracy. - The Grid does not provide investment, legal, or tax advice, and - a project's presence in The Grid's data does not imply endorsement. - [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers - [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service. - [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service. - [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services. - [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures ## Optional - [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model - [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships - [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type - [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types - [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP