Best Blockchain Platforms for Covalent

MultiversX (formerly Elrond) is a highly scalable, secure and decentralized blockchain network created to enable radically new applications, for users, businesses, society, and the new metaverse frontier. Scale across the Multiverse. Build new apps, new economies, new worlds. Sovereign blockchain module, and core blockchain applications. Deployable in minutes. Fully customizable. Including a great set of features and use cases for any creative, brand, or company. The portal to the Metaverse. The home of your avatar. Everything finance. A debit card. Friends, chat and social. Accessible to anyone, anywhere in the world. A world creation engine. A network of interoperable metaverses. The very first Metaverse planet of this new world.

One platform, endless solutions. Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps. Fantom’s aBFT consensus protocol delivers unparalleled speed, security, and reliability. Enjoy almost instant transactions and extremely low fees. Transactions on Fantom are finalized in a couple of seconds and cost a fraction of a cent. Fantom’s validator nodes form a global, trustless, and leaderless Proof-of-Stake network. Fantom can process thousands of transactions per seconds and scale to thousands of nodes. Fantom is EVM compatible. Deploy and run your Ethereum dApps on Fantom. The all-in-one DeFi suite. Mint, trade, lend and borrow digital assets directly from your wallet. Near zero fees and instant transactions – DeFi for everyone.

Ethereum is the community-run technology powering the cryptocurrency, ether (ETH) and thousands of decentralized applications. Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. Today, billions of people can’t open bank accounts, others have their payments blocked. Ethereum's decentralized finance (DeFi) system never sleeps or discriminates. With just an internet connection, you can send, receive, borrow, earn interest, and even stream funds anywhere in the world. Today, we gain access to 'free' internet services by giving up control of our personal data. Ethereum services are open by default – you just need a wallet. Stake your ETH to become an Ethereum validator.

Polkadot is a blockchain network being built to enable Web 3.0, a decentralized and fair internet where users control their own data and markets prosper from network efficiency and security. Polkadot was founded in 2016 by Gavin Wood, former Co-Founder and CTO of Ethereum. Polkadot’s technology addresses the major issues that have stymied blockchain adoption in recent years. Polkadot’s software development toolkit, Substrate, created by Parity Technologies, makes it easy for blockchain developers to build their own custom, fit-for-use blockchains. Polkadot also enables multiple blockchains to communicate between each other, allows for easy upgradeability, and introduces “shared security”, a plug-and-play network security model that allows developers to focus on the technology and avoid spending time and resources recruiting a set of operators to run a new blockchain.

The Builder’s fastest path to market, NEAR is an open source platform that accelerates the development of decentralized applications. Building the tools to enable community-driven innovation that benefits people around the world. Near Inc is building NEAR, a new application platform designed to bring blockchain to wide variety of mainstream applications. Focusing on developer and end user experience, NEAR is high performance infrastructure that real people can use. NEAR is a decentralized application platform that is secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people, putting the power of the Open Web in their hands. NEAR’s token economy is built around the NEAR token, a unit of value on the platform that enables token holders to use applications on NEAR, participate in network governance, and earn token rewards by staking to the network.

No need to rewrite or reconfigure your smart contracts. Moonbeam is much more than just an EVM implementation: it’s a highly specialized Layer 1.5 chain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The Moonbeam platform extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations. Address segments of your market that are out of reach on Ethereum due to gas prices. Enjoy a “first mover” advantage by deploying early to Polkadot’s rapidly expanding parachain ecosystem. Built-in integrations for assets like DOT and ERC-20s, and infrastructure services like Chainlink and The Graph. Moonbeam is much more than just an EVM implementation: it’s a highly specialized Layer 1 chain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The Moonbeam platform extends the base Ethereum feature set with additional features such as on-chain governance.

Moonriver is a companion network to Moonbeam and provides a permanently incentivized canary network. New code ships to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code ships to Moonbeam on Polkadot. Quickly deploy your new or existing Solidity DApps to the Moonriver parachain — with little or no modifications — and gain easy access to the Kusama network. By mirroring Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more, Moonriver minimizes the changes required to run existing Solidity smart contracts on the network. Ethereum projects can simply replicate their DApp and deploy it to Moonbeam using Hardhat, Truffle, Remix, and other popular deployment tools. Quickly deploy your new or existing Solidity DApps to the Moonriver parachain — with little or no modifications — and gain easy access to the Kusama network.

Build on Avalanche. Build without limits. Avalanche is an open, programmable platform for decentralized finance applications. Launch Ethereum dapps that confirm transactions instantly and process thousands of transactions per second, far beyond any decentralized blockchain platform today. Deploy blockchains that fit your own application needs. Build your own virtual machine and dictate exactly how the blockchain should operate. Stake, or lock up, your AVAX to help process transactions and further secure the platform–providing security guarantees well-above the 51% standard. You probably have the hardware required to join the platform. Avalanche is Solidity-compatible. All of your favorite tools like Remix, Truffle, and Tenderly work out of the box. Deploying smart contracts on Avalanche cost just a tenth of what they cost on Ethereum. High gas fees, front-running, and other adverse effects of slow smart contract blockchains are now a thing of the past.

Personally manage your digital IDs online with the Sovrin Network, an open source project creating a global public utility for self-sovereign identity. It’s time to evolve the current system of siloed identities, endless passwords, and insecure databases. The time is here for the frictionless, secure identity verification of self-sovereign identity. The Sovrin Network is the new standard for digital identity, designed to bring the trust, personal control, and ease-of-use of analog IDs, like driver’s licenses and ID cards, to the Internet. We’ve designed Sovrin as a metasystem for any application to use, giving people, organizations, and things the freedom to prove things about themselves using trustworthy, verifiable digital credentials. “Self-sovereign” means the individual identity holder controls their credentials, using them whenever and however they please, without being forced to request permission of an intermediary.

Neon EVM is an Ethereum Virtual Machine (EVM) empowering developers to build and deploy DApps seamlessly from EVM chains to Solana, all from their existing codebase. Leverage Neon EVM to deploy Solidity or Vyper contracts on Solana, tapping into high-speed, parallel processing, and reduced gas fees without retooling your Ethereum DApp. Experience seamless integration with Solana’s ecosystem using familiar EVM development tools, underpinned by Solana's robust infrastructure for unmatched scalability and efficiency. Neon EVM is where technical sophistication meets developer convenience, with robust compatibility with the EVM opcode set, enabling you to push the boundaries of dApp performance and innovation. Neon EVM provides parallel execution capabilities, enhancing transaction throughput and reducing latency for your DApps since it capitalizes on Solana's unique transaction ordering mechanism. Neon EVM redefines state storage.

Build dApps with exceptional UX, all while relying on Ethereum's unrivaled security, with our high-performance Ethereum layer-2 network built with modular architecture. Experience high throughput with unrivaled security with Ethereum's roll-up technology — all in a familiar EVM environment. Mantle Liquidity Staking Protocol (LSP) is the second core product of Mantle ecosystem. Stake ETH and receive yield-bearing mETH (Mantle Staked Ether). As stewards of a significant treasury, and with the power to shape economic outcomes of Mantle products, we prioritize a value-oriented mindset, transparency, and accountability.

Scroll is designed by and for Ethereum developers. A swift, reliable and scalable Layer 2 blockchain, Scroll extends Ethereum's capabilities, enabling apps to scale without any surprises. Thanks to bytecode-level compatibility, existing Ethereum apps can migrate onto Scroll as-is, and at a significantly reduced cost. Our open development approach combines the best ideas among value-aligned contributors and leads to more secure and better-designed systems. Scroll is forging a community-driven path to redefine and evolve Ethereum’s roadmap. Scroll uses advanced zero-knowledge-proof technology, battle-tested EVM models, and rigorous audits to ensure that our foundation is rooted in security and reliability. By prioritizing code security through open source collaboration, Scroll protects our developers and users against vulnerabilities.

Polygon (previously Matic Network) is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Ethereum is the blockchain development platform of choice, but it has limitations. Polygon - a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. One-click deployment of preset blockchain networks. Growing set of modules for developing custom networks. Interoperability protocol for exchanging arbitrary messages with Ethereum and other blockchain networks. Modular and optional “security as a service”. Adaptor modules for enabling interoperability for existing blockchain networks. Polygon combines the best of Ethereum and sovereign blockchains into an attractive feature set. Built by developers, for developers.