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.
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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