covalent00
MCAP9.64M
+0.08%

what's covalent?

Covalent is a modular infrastructure platform providing unified APIs for accessing historical and real-time blockchain data across over 200 chains. It enables developers to build applications with verifiable, structured data for analytics, AI agents, and DeFi tools. Key features include the Covalent Network for decentralized data indexing secured by staked validators, GoldRush APIs for ultra-fast data processing, and the SpeedRun platform for prompt-based app deployment. The project supports integrations with major ecosystems like Ethereum, Avalanche, and Base, powering tools used by institutions such as Fidelity and OpenSea. Its token, CXT, drives a flywheel of revenue, buybacks, and ecosystem growth.

Snapshot

Covalent hired ArjunKalsy for inference-driven products on its data layer.

3W ago
TEAM UPDATE

Hired ArjunKalsy to build inference-driven products on top of Covalent's data layer.

1M ago

Launches build sprint contest for Base Mini Apps running until end of week with Nintendo Switch 2 prizes, winners announced early January.

Production network transitions to Base blockchain, with governance vote live on Snapshot to update operator stake bounds to 350k-1M $CXT and max multiplier to 50X while maintaining approximately 300M $CXT staked.

Partnership with Monad established, with promotion to build applications on the Monad platform during Thanksgiving.

Integration with Monad blockchain is now live on GoldRush platform, enabling access to the Data Co-Processor with a 36-second speed advantage over Dexscreener.

Covalent launches Prompt Alchemists ambassador program, recruiting 80 top SpeedRun builders as the first cohort to serve as community ambassadors. The top 60 SpeedRun builders average 21 apps each.

SpeedRun integrates with Clanker marketplace on Base, enabling users to tokenize their prompt-generated creations and apps.

Over 1000 onchain apps have been built in less than a week, with many fully deployed on Base.

The current epoch concludes in 2 days with reward distribution to follow.

2M ago

The project pushes implementation of ZEE's (Zero Employee Enterprises), featuring autonomous Smart AI agents that complete tasks without employee salaries.

The rewards program closes in 6 days with 135 ranked positions receiving $CXT rewards ranging from $5,600 for first place down to $10 SpeedRun credit rebates for ranks 101-135, with the rewards curve tightened to favor top performers and builders.

SpeedRun program launches, rewarding builders with instant $CXT tokens for deploying one-click smart contracts and using x402 protocol for on-chain payments.

User reports that unstaking $CXT tokens takes 2 weeks and results in a 10% loss, and references a past "epoch 2 purge" that affected wallchain liquidity bootstrapping participants.

Plasma integration goes live on GoldRush platform, enabling gasless USDT transactions and onchain compliance reporting.

The $200,000 reward pool for Epoch III closes on November 15, 2025.

"Prompt-to-Earn" campaign launches on wallchain platform where users build on-chain applications using AI agents and GoldRush data, earning $CXT tokens and XP as their creations are used.

Partnership with ScribbleDAO announced, connected to the Clanker ecosystem on Base, with associated grant program for a launch.

AI agent SDK goes live as platform indexes 100+ chains.

A top-5 ranked Epoch 2 participant reports not receiving rewards and being removed from both Epoch 2 and Epoch 3 leaderboards, with the team mentioning "slashed accounts" but providing no response to inquiries about the removal.

Launch of the Covalent Strategic Reserve targets accumulation of ~10% of CXT supply through revenue-funded buybacks with governance controls. Total of 26.05M CXT removed in 2025 via 17M offchain and 9.05M automated onchain buybacks.

The delayed Epoch 2 distribution has been completed with $CXT tokens sent on Base network to eligible leaderboard participants across ranking tiers.

Rewards for Epoch 2 have not been distributed over 6 days after completion; platform adds instant $CXT staking capability with documentation revamp.

A snapshot has been taken for an upcoming rewards distribution.

New speedrun contest opens with 100 FCFS winner entries, participants must solve a fill-in-the-blank puzzle and provide EVM addresses.

Epoch 3 of the leaderboard competition starts immediately after Epoch 2 ends today and runs for 30 days.

GoldRush blockchain data platform is now available on Google Cloud Marketplace.

$40,000 in $CXT tokens distributes for month 2 across 300 ranked participants with tiered rewards, with today marking the final day of the leaderboard competition.

The Co-Processor deploys across Sonic and Base Blockchain, with expansion to other chains in active development.

Today is the last day before rewards distribution for Covalent participants.

Covalent partners or builds with Arbitrum L2 ecosystem.

Genesis NFTs are coming to Wallchain with potential eligibility for participants who engaged with Covalent and other Wallchain projects.

8.82M CXT tokens bought back from USD API revenue, with 301.2M CXT staked (33.5% of supply), 82.6% delegation filled, and daily emissions at 52,606 CXT.

DeepBot integrates Covalent data to provide faster and verifiable trading capabilities for Web3 traders.

Wallchain campaign Epoch 2 ends in 3 days, with the total campaign spanning 5 months (currently in month 2 with 3 more months remaining).

$40,000 in CXT tokens allocated to reward Top 300 participants in the Wallchain quacking campaign with position-based distribution emphasizing Top 25 positions.

SpeedRun Cohort 1 onboarded for private testing phase with rewards announced for top testers who build the most creative templates in the prompt-to-earn game.

3M ago

Wallchain wallet addition deadline set for Oct 15th, 1PM UTC to qualify for upcoming airdrops.

SpeedRun launches as a new product enabling users to build, remix, and monetize onchain apps from single prompts.

SpeedRun Cohort 2 launches with open enrollment and more slots dropping next week; participants earn CXT tokens through shipping, remixing, and building onchain applications on the Prompt-to-Earn platform.

Revolut exchange listing achieved with MiCA regulatory compliance.

Epoch 2 Wallchain campaign features $200,000 CXT reward pool with top 300 participants sharing $40K monthly, ending in 5 days.

New address activity endpoint launched enabling wallet activity tracking across 100+ chains including Sonic through single API call, expanding protocol's cross-chain data querying capabilities.

New partnership with DeepBot (Telegram AI trading bot) expands client base for data stream API, enabling real-time market intelligence and verifiable AI signals for trading algorithms.

EPOCH 2 concludes in 7 days; settlements operate on Moonbeam ledger where USDC payments for API queries are used to purchase CXT, generating market demand.

Q3 metrics show 215M API calls with 95% paid rate, representing a decline from Q2's 471M calls; SpeedRun program rewards OG participants with NFT and $CXT tokens for launching apps through Prompt-to-Earn mechanism.

8.4M CXT tokens bought back from the open market to date; SpeedRun, a new Prompt-to-Earn platform for onchain builders, has been introduced.

2.6M CXT tokens bought back during Q3, with planned burns to establish deflationary token mechanism.

SpeedRun platform enabled non-technical users to participate in coding activities, expanding community engagement beyond traditional developer base.

Agent SDK now available for developers, enabling creation of autonomous, LLM-powered AI agents with composable primitives for Zero-Employee Enterprise (ZEE) use cases.

Mindshare rewards program on Wallchain platform is active with 12 days remaining for participation.

Now serving real-time data streams to over 150 blockchains via GoldRush Streaming API, up from 100+ blockchains reported in September.

Integrates Sonic blockchain (400k TPS, sub-second finality) into the sub-second Data Co-Processor with data now live on GoldRush APIs, targeting HFT bots and institutional systems. Q2 2025 metrics show 471M API calls with over 95% paid usage, 57K+ streaming API subscriptions, and token buybacks approaching 1% of total supply via market-buy mechanism from API revenue.

New prompt-to-app feature allows users to create and remix applications while earning rewards, expanding beyond data infrastructure capabilities.

Over 30% of circulating supply is currently staked.

Launches new "speedrun" platform allowing users to experience real-time data processing capabilities while earning XP through participation, with waitlist applications closing September 26th.

Launches AI Agent SDK enabling Chain-of-Thought agents to work together, while reporting 100+ blockchains replicated and 70K+ developers building on the platform.

The Month 2 campaign distributes $40,000 in CXT rewards among the top 300 participants, broadening eligibility compared to previous distributions.

A market-buy mechanism using GoldRush API revenue has removed nearly 1% of total CXT supply from circulation.

Rank 18 participant receives $386 in CXT tokens from the month 1 airdrop distribution.

Epoch 2 of the Wallchain leaderboard campaign has officially started with a duration of 28 days and 14 hours.

The Mindshare Leaderboard reward eligibility further restricts to only rank 40 and above participants, tightening the criteria beyond the previously reported top 50 cutoff for monthly CXT distributions.

Epoch 1 of the Wallchain leaderboard campaign is ending within hours to tomorrow, marking the finale of the current reward period.

The Wallchain partnership distributes $40,000 in CXT tokens to top 50 participants in 2 days for month 1, with algorithmic upgrades to filter spam and AI content. Additionally, 98% of token supply is already unlocked, indicating minimal future sell pressure from token unlocks.

SpeedRun game leaderboard shows new high score of 154,145, surpassing the previously reported 100k highest score, indicating increased user engagement in the gamified API testing platform.

The wallchain_xyz campaign reward structure changes for Month 2, reducing eligible recipients from top 80 to top 50 while boosting rewards for top 10 participants.

Partnership with wallchain_xyz launches Mindshare Leaderboard offering $200K CXT rewards over 5 months with monthly payouts.

Partnership announced with SonicLabs to enhance blockchain data delivery speed, with SonicLabs offering 400K TPS transaction processing capabilities. Current metrics show 33% of the 90% circulating CXT supply is staked.

Platform reports 471M API calls in Q2 with 57k+ Streaming API subscribers, and buyback programs are actively reducing supply.

New speedRun game goes live to test sub-second Data API capabilities through gamification, with highest leaderboard score reaching 100k and potential rewards suggested.

Epoch 1 ends on September 18, marking a significant milestone that coincides with the previously scheduled reward distribution event.

Reward distribution event scheduled in 4 days according to community member tracking the timeline.

4M ago

BleapApp integrates Covalent's multi-chain data API (Goldrush) to power their stablecoin app and real-time payment features, establishing another real-time use case for the platform.

Sentient AGI partnership goes live with official leaderboard launch, leveraging Covalent's sub-second data infrastructure for chain-agnostic analytics across 180+ blockchains.

Distributes $40,000 monthly in $CXT tokens to top 80 participants in Quackers program on Wallchain platform.

A liquidity bootstrapping event is ongoing with 8 days remaining, while Kaito shows positive price momentum.

Sonic × Covalent partnership goes live, integrating Sonic's 400k+ TPS blockchain with Covalent's sub-second data infrastructure, achieving 57k+ streaming subscriptions.

Launches first MCP server for blockchain data enabling AI agents access to onchain data and debuts Sub-Second Data Co-Processor with "Speedrun the Chain" game for testing. Executes major buyback of over 5 million CXT tokens.

Wallchain achieves Kaito Top 20 pre-TGE mindshare ranking, with participation from the ongoing reward campaign potentially contributing to increased visibility.

Powers data transparency for RecallNet's AI reputation and evaluation system.

The 5-month Wallchain reward campaign distributes a total pool of $200,000 in CXT tokens specifically to the top 80 participants monthly, with 12 days remaining in the current competition period.

Launches 5-month reward campaign on Wallchain distributing $40,000 in CXT tokens monthly with tiered rewards, first month ending in 13 days.

MiCA-compliant Revolut listing exposes token to 60M+ users while August buybacks remove 900k tokens from circulation.

Obtains MiCA compliance status, positioning for regulated European markets while many competitors remain non-compliant.

Q2 records 471M API calls with 95% paid usage, while maintaining sub-200ms data streaming speeds across 100+ chains.

New integration with Warden Protocol enables cross-chain functionality across Ethereum, Solana, Base, and BNB Chain, expanding data infrastructure implementation use cases.

300M+ CXT (33% of supply) is currently staked while ongoing buybacks have removed ~1% of total supply, indicating significant supply restriction.

Protocol processes 17B+ API calls across 100+ blockchains, serving major enterprises including Fidelity, OpenSea, and Chainalysis, with backing from Coinbase Ventures and Binance Labs.

New $200K CXT reward program launches through Wallchain.xyz partnership, distributing monthly payments over 5 months via Mindshare Leaderboard.

5M ago

Integration goes live on HyperEVM with GoldRush API support, while sponsoring Hyperliquid Community Hackathon to drive ecosystem development.

6M ago

Daily paid API calls exceed 5M, demonstrating substantial protocol adoption

New autonomous agent ecosystem launches with Zero Employee Enterprise framework and expanded Model Context Protocol, enabling AI-driven DeFi operations and cross-chain arbitrage functionality.

7M ago

79% price increase places token as top gainer on HTX exchange

8M ago

Network governance passes proposal increasing operator max stake to 550K CXT with reduced emissions offering 8% APY.

Network governance proposal seeks to modify CXT reward emissions and increase operator staking limits.

$1.4M token buyback executed in Q1 2025, strengthening reserves and validator incentives.

New multichain spam token filtering system launches across 6 chains with weekly updates, accompanied by MCP server deployment and integration with major platforms including Galxe and Aragon.

22% price increase places token in daily top 10 gainers list.

9M ago

Strategic integration with Lens Chain mainnet launch expands presence in SocialFi sector.

1Y ago

Whale count up 10% this month, preparing for EWM Mainnet launch.