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View ChartCovalent X Token (CXT) is the native utility token of the Covalent X platform, a decentralized data infrastructure network designed to provide unified, granular blockchain data to developers and users. CXT powers the network's operations, including querying data, staking for node operators, and participating in governance. Covalent X aims to solve blockchain data fragmentation by offering a unified API to access structured data across a broad set of supported blockchains. CXT is the successor to Covalent's earlier CQT token; Covalent (CQT) has migrated to CXT, a rebranding that reflects the network's evolution. CXT can be traded on various exchanges.
Covalent X Token (CXT) is the core economic and governance unit of the Covalent X decentralized data network, facilitating access, security, and community-led evolution of the platform.
| Item | Details |
|---|---|
| Name (Ticker) | Covalent X Token (CXT) |
| Alternative Names | CXT |
| Consensus Mechanism | Delegated Proof-of-Stake (DPoS) |
| Smart Contracts | Yes (EVM-compatible) |
| Category | Data Infrastructure, Web3, DeFi |
| Hash Algorithm | Not applicable — CXT is an ERC-20 token on Ethereum; the network uses Delegated Proof-of-Stake (DPoS) for its data-indexing layer. |
| Block Reward | Node operators and delegators earn CXT rewards for indexing data and serving queries; operators must meet a minimum staking requirement and can be slashed for dishonest behavior. |
| Max Supply | 1,000,000,000 CXT |
| Total Supply | 1,000,000,000 CXT (all minted at genesis) |
| Circulating Supply | Approximately 972.26M CXT (~97.2% of total) |
| Token Standard | ERC-20 |
| Contract Address (Ethereum) | 0x7ABc8A5768E6bE61A6c693a6e4EAcb5B60602C4D |
| TPS | Varies based on underlying blockchain (Ethereum, Polygon, etc.) |
| Scaling Solution | Multi-chain data aggregation |
| Blockchain | Originally launched on Ethereum (ERC-20); operates as a multi-chain data network with settlement on MoonBeam; also associated with the Base Ecosystem. |
Covalent X Token was created by the team behind Covalent, a leading blockchain data infrastructure provider. The project was founded by Ganesh Swami and Levi Aul. Ganesh Swami, the CEO, has a strong background in data science and engineering, having previously worked at companies like Zynga. Levi Aul, the CTO, brings extensive experience in software architecture. The core team recognized the significant challenge of fragmented and inaccessible blockchain data for developers. Their vision was to build a unified API that could serve structured data from virtually any blockchain, simplifying development and enabling new analytics and applications. The development and ongoing evolution of the Covalent X network are now guided by a decentralized autonomous organization (DAO), where CXT token holders can propose and vote on key protocol upgrades and treasury management.
The Covalent X network operates as a decentralized data infrastructure layer. It uses a network of node operators who index and serve blockchain data. The network's technology combines the Covalent Unified API with the Ethereum Wayback Machine, designed to safeguard and enhance the availability of Ethereum's historical data. Here is how CXT functions within this ecosystem:
CXT derives its value from the critical problem Covalent X solves and its position within that solution.
The CXT token has several core utilities within the Covalent X ecosystem:
CXT is listed on several major cryptocurrency exchanges. To buy CXT, open an account on a reputable exchange that lists CXT, complete identity verification, deposit funds, and place a spot order for a CXT trading pair. Always verify the contract address before transferring tokens.
CXT is non-inflationary by design; all 1,000,000,000 CXT were minted at genesis. Although the Ethereum smart contract includes minting functionality, the tokenomics are non-inflationary by design. CXT has a token buyback program; buybacks, treasury management, burned tokens, and supply offset data are tracked by Tokenomist. Token unlock schedules are tracked via CoinMarketCap.
Covalent publishes a MiCA whitepaper (covalenthq.com/mica/), notified by the Malta Financial Services Authority (MFSA) in Malta. The whitepaper states it has not been approved by any competent authority in any EU Member State.
GoldRush (@goldrushdev) is a product powered by Covalent. Recent milestones include Arc Mainnet going live and a major upgrade to Hyperliquid L4 data, including order book data for builders.
The value of CXT can fluctuate significantly with market conditions, and holders may face losses. Regulatory treatment of crypto assets continues to evolve and may affect how CXT can be accessed, traded, or used in different jurisdictions. Technical risks include smart contract vulnerabilities, network disruptions, and the possibility of slashing for network operators. The points above are informational and should not be treated as guarantees of future performance.
This article is for reference only and does not constitute investment advice.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for CXT are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Covalent X Token (CXT) is $0.001599. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated CXT to USD rate at the top of BTCC’s price page. In terms of market scope, Covalent X Token records a 24h trading volume of $96.043229K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $1.527433M. Its current circulating supply stands at 972.26M out of a maximum supply cap of 1B.
The price volatility of Covalent X Token (CXT) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (972.26M) to max supply (1B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Covalent X Token (CXT) hit an all-time high (ATH) of $0.169196 on 2024-12-06 15:20, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.00124 on 2026-09-18 08:45. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading CXT futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($96.043229K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s CXTUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Covalent X Token, simply log into your BTCC account with USDT margin available, navigate to the CXTUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for CXTUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.001599), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for CXTUSDT with zero financial risk.
Trading Covalent X Token (CXT) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for CXTUSDT, and review its live price ($0.001599) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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