Covalent (CQT) is the native token of the Covalent platform, used for governance and staking. It allows holders to participate in decision-making and secures the network’s consensus mechanism. The Covalent platform is a decentralized data layer offering a unified API for blockchain data across networks, aiming to make such data accessible and actionable. Covalent was founded by Ganesh Swami and Levi Aul, with a vision to provide a comprehensive view of blockchain data to support developers and enterprises in the decentralized landscape.