Infra @covalent_hq that actually ships and charges is rare. This is both: a decentralized data network + paid APIs, with the $CXT flywheel wired to usage
Why it clicks:
• 100+ chains secured by CXT‑staked validators → provenance you can verify
• @goldrushdev historical + sub‑second streams → the stuff HFT/agents need, already trusted by Fidelity/Jump/OpenSea
• 95% paid API → not vanity traffic, real demand
• 300M+ CXT staked (33% supply) + buybacks removing ~1% → reflexive but grounded
• Governance can steer roadmap, pricing, and incentives toward highest‑margin surfaces
“Structured, ultra‑fast, verifiable data” isn’t marketing here. It’s a data plane monetized at the API, secured by the network, and fed back into $CXT, imo
What I’m watching next:
→ coverage expansion and stream SLA
→ governance tying revenue → buyback cadence
→ enterprise → agent conversion funnel and pricing power as usage scales
#covalent #cqt #wallchain
Covalent is built on two pillars: the stack + the $CXT flywheel.
The Stack:
Covalent Network → decentralized protocol securing 100+ chains with $CXT-staked validators
@goldrushdev APIs →
• Foundational: historical + aggregated data (trusted by Fidelity, Jump, OpenSea)
• Streaming: sub-second feeds powering 50k+ bots + AI agents
Together, the network + APIs deliver structured, ultra-fast, verifiable data for HFT systems AI, DeFi, wallets, tax and compliance, and more.
The $CXT Flywheel
• 300M+ CXT staked (33% supply) securing the network
• 95%+ paid API usage → real revenue
• Buybacks already removing ~1% of supply
• Governance participants can align roadmap and incentives
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