Covalent provides a unified API for detailed blockchain data. The CXT token powers staking, governance, and network operations.
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Covalent offers a single API for accessing detailed blockchain data from multiple networks, making it easy for developers, businesses, and researchers to use. The Covalent X Token (CXT) is the network's utility token, used for staking, governance, and transaction settlement. Operators stake CXT for rewards, and the token also secures the network. API payments in stablecoins are converted to CXT to pay operators, driving demand.
As of now, Covalent is trading at 0.03175 USD, with a 24-hour trading volume of approximately 215.43K USD. The CXT to USD price is updated in real time. Over the past 24 hours, Covalent has increased by 8.84%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 28.83M USD. Currently, there are 908 035 779 CXT in circulation out of a maximum supply of 1 000 000 000 CXT.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
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