Covalent X Token (CXT) — price, overview & secure storage
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Last Updated on Jun 17, 2026 12:57 PM
What is Covalent X Token? Complete guide to CXT
What is Covalent X Token and who created it?
Covalent X Token (CXT) is a part of the Covalent Network's New Dawn initiative, which marks a significant transition from the previous Covalent Query Token (CQT). This rebranding to CXT aligns with the network's enhanced focus on artificial intelligence and long-term data availability. The Covalent Network operates as a decentralized platform, providing access to on-chain data without relying on centralized sources.
Key features of Covalent X Token blockchain
The Covalent Network supports data for more than 200 blockchains, including major ones like Ethereum and Binance Smart Chain. This extensive support allows users to run nodes, pull data, or query via API, making it a versatile tool for developers and data analysts. The network boasts a decentralized structure with node operators spread across 25 countries, including over 30 professional operators and a community of 70,000 developers.
How Covalent X Token transactions work
Covalent's platform, now branded as the GoldRush API, offers unfettered access to blockchain data. Users can interact with the network by running nodes or using the API to query data. This decentralized approach ensures that data is accessible and reliable, supporting a wide range of applications and use cases in the blockchain ecosystem.
Wallet for Covalent X Token
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Tangem supports networks for Covalent X Token
- Ethereum
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Similar cryptocurrencies to Covalent X Token (CXT)
| Asset | 24h % | Market cap | |
|---|---|---|---|
 BitcoinBTC | $64,905.22 | -2.22% | $1.30T |
 EthereumETH | $1,755.26 | -3.19% | $0.21T |
 TetherUSDT | $0.9991 | -0.01% | $0.19T |
 BNBBNB | $607.62 | -1.03% | $81.99B |
 USDCUSDC | $0.9997 | -0.00% | $74.84B |
Frequently asked questions about Covalent X Token (CXT)
- Covalent X Token is a blockchain-based digital asset used for transferring value and interacting with decentralized applications. It operates without central control, relying on distributed network technology.
- Its main advantages include speed, accessibility, and compatibility with decentralized tools. The network is optimized to handle different types of operations.
- Yes, both names point to the same token. CXT is just the shorthand symbol used for market and wallet displays.
- You can buy Covalent X Token using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- The safest option is to use a hardware wallet that keeps your private keys offline. Tangem provides secure cold storage protection.
- X (Twitter) adds 'x coin' to code as Elon Musk moves toward integrating crypto payments. Description ofa new digital assethas been added to X's algorithm, potentially paving the way for crypto payments on the platform. Altcoin Daily. Aug 31, 2023 1:16 PM EDT.
- Covalent X Token (CXT) isan ERC20 token on the Ethereum blockchain and serves as the native token of the Covalent Network. CXT functions as a governance token, allowing holders to vote on proposals that modify system parameters.
- Covalent (CQT) is a decentralized data infrastructure layer thatprovides a unified API to access blockchain data across multiple networks. It enables users to query data from various blockchains through one unified API, facilitating the development of blockchain applications.
How to store Covalent X Token securely with a hardware wallet
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