What is the current price of Covalent X Token?
The current price of Covalent X Token is $0.001796 with a 3.10% change in the last 24 hours.
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Derivatives and mapped ecosystem data, with source timings and coverage.
Covalent X Token (CXT) is the staking, governance and settlement token of the Covalent Network, a decentralized network that extracts, verifies and serves structured blockchain data. Covalent is best known for its GoldRush API, which gives developers, wallets and AI agents one interface for balances, transactions, token transfers and DEX trades across more than 100 chains. CXT matters because it is how the network pays and disciplines the independent operators who produce that data: operators stake CXT and can be slashed if they submit incorrect data.
CXT is an ERC-20 token on Ethereum (0x7ABc8A5768E6bE61A6c693a6e4EAcb5B60602C4D), and a version also exists on Base.
Covalent was co-founded by Ganesh Swami (CEO), a former IBM DB2 data scientist, and Levi Aul (CTO), who previously led distributed systems work at Amazon. According to Covalent, the company was founded in 2018 after winning the ETHWaterloo 2017 hackathon. It is headquartered in Vancouver and has staff in New York, Berlin, Dubai and Bangalore. Its listed backers include Binance Labs, Coinbase Ventures, 1kx and Delphi Digital.
The 2024 whitepaper introduced the Ethereum Wayback Machine (EWM). It is a decentralized archive meant to keep Ethereum's historical data available as the network moves toward history expiry (EIP-4444). Covalent's governance has since approved moving staking to Ethereum. In October 2025, Covalent launched a Strategic Reserve funded by CXT buybacks.
The whitepaper describes a pipeline run by staked Network Operators:
Block Specimen Producers (BSPs) BSPs run modified clients such as Geth or Erigon. They export "block specimens", which are deterministic snapshots with enough data to re-execute a block. BSPs publish each specimen to storage and post a proof of it on-chain.
Block Result Producers (BRPs) BRPs take block specimens and produce refined outputs, such as execution traces. They publish content hashes of those outputs as proofs.
Query Operators Query Operators pull the refined data and answer API requests, and they pay CXT for the data they fetch.
EWM light clients and delegators EWM light clients help verify the historical archive, and delegators stake CXT with operators.
Proofs are open to audit for a period after they are posted. If an operator publishes a wrong specimen, a peer can submit a malfeasance proof. The dishonest operator loses its locked reward and part of its staked CXT.
According to the CXT tokenomics docs:
Fixed supply facts:
Most blockchain data providers are centralized APIs. Covalent pairs a commercial API business with a staked network that produces data proofs anyone can check against the source chain. Its focus on complete historical data, including the Ethereum Wayback Machine, is aimed at use cases where old state matters, such as tax, audit, compliance and AI training.
CXT secures a data network, not a blockchain:
The network's security comes from staking and slashing. Operators stake CXT, publish proofs of the data they produce, and can be penalized when other operators prove misconduct. The whitepaper says that until independent auditing is fully developed, Covalent itself produces reference block specimens that other operators' proofs are compared against. The token contract can be checked on Etherscan and on BaseScan.
Accurate historical and real-time chain data sits underneath wallets, analytics, compliance and AI agents. Covalent is one of the longest-running providers in this area, and CXT is its attempt to make that data verifiable and operated by independent parties rather than only by the company.
The CXT docs list an official Uniswap pool on Ethereum. The token also trades on centralized exchanges. Covalent's website has a section that lists exchanges, which is the safest reference. Check the contract address before trading, and remember that the Base and Ethereum versions have different addresses.
CXT is an ERC-20 token, so it can be stored in any Ethereum or Base-compatible wallet, such as MetaMask or Coinbase Wallet, or on a hardware wallet. According to Covalent's Delegator FAQ, staked CXT is held in the staking contract, but only the owner of that stake can interact with it.
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Read the complete paper trading guideThe current price of Covalent X Token is $0.001796 with a 3.10% change in the last 24 hours.
The daily trading volume is $17,142.68 representing a 43.42% change in the past 24 hours.
The market capitalization of Covalent X Token is $1,795,853, ranking #856 globally.
The fully diluted valuation (FDV) of Covalent X Token is $1,795,856, calculated assuming the maximum supply of 1,000,000,000 CXT is in circulation.
Circulating: 999,998,391. Total: 1,000,000,000. Max: 1,000,000,000.
In the last 24 hours, Covalent X Token traded between a low of $0.001785 and a high of $0.001893.
CXT/USDTTether USDT0.001796 USDT
