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Covalent has announced the launch of the Covalent Strategic Reserve, a multi-year locked reserve funded by onchain and offchain revenue, including periodic CXT buybacks. The reserve aims to accumulate ~10% of CXT supply and will require governance votes for any future outflows. In 2025 alone, over 17M CXT was repurchased through offchain revenue-backed buybacks, in addition to 9.05M CXT removed via daily automated onchain buybacks.
Covalent bought back 900k $CXT in August, reducing supply by nearly 1% over the past year. With support for 150+ chains, a MiCA-compliant Revolut listing, and GoldRush API upgrades like HyperEVM support, the revenue flywheel continues to accelerate. https://www.covalenthq.com/blog/august-2025-recap-speed-scale-and-the-cxt-onchain-flywheel/
New Launch Alert ✈️ A big welcome to @Covalent_HQ who have launched a $CXT - $WETH pool on Aerodrome. Voting incentives incoming! 🗳️
OKX also announced the addition of the following trading pairs: EIGEN/USDC, CXT/USDC, STETH/USDC, TURBO/USDC, BONE/USDC, OMI/USDC, FLM/USDC, ID/USDC, JOE/USDC, BORING/USDC, SWFTC/USDC, and PENDLE/USDC.
Covalent Network announced the successful approval and completion of its governance proposal to migrate its native token from the old CQT to the new CXT token and network contract, with staking and governance operations also transitioning from CQT to CXT. CXT tokens will be…
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