In the ever-evolving world of blockchain and decentralized finance, data is paramount. However, accessing deep, granular, and historical blockchain data remains a significant challenge. Enter Covalent, a project dedicated to solving this issue by providing a unified API to access blockchain data seamlessly. This article delves into what Covalent is, how it works, its advantages, and the tokenomics of its native token, CXT.

Covalent: Bridging the Gap in Blockchain Data

The Covalent Network has successfully migrated its native token from CQT to CXT following a governance vote, marking a significant step in supporting modular data solutions for AI and long-term data storage. This transition, which completes the New Dawn initiative, aligns with Covalent’s enhanced mission and includes improvements in staking, governance, and liquidity.


Covalent: Bridging the Gap in Blockchain Data

Covalent Network Migrates to New CXT Token to Boost AI Innovation