Covalent proudly reveals that its native token, CXT, is now available for trading on the well-known Bitstamp exchange, introducing a direct trading pair for Euros and boosting accessibility for users throughout Europe.

Covalent provides an innovative modular data infrastructure designed specifically for blockchain networks. Covalent The listing of Covalent’s CXT token on Bitstamp highlights its important role in the cryptocurrency landscape. Bitstamp, a well-established player within the EU market, offers an essential platform for CXT to expand its reach. This milestone features a direct trading pair between Euro and CXT, making it easier for European users to access this digital asset.

With a strong foothold in the European market, Bitstamp helps increase the visibility of CXT, which paves the way for wider acceptance and use on a global scale. This strategic move aligns with Covalent's objectives to broaden the appeal of CXT, fostering further growth within the cryptocurrency sphere.

The Bitstamp listing comes on the heels of several significant milestones for CXT, including its recent integration with Base through Aerodrome. This integration showcases CXT’s functionality in linking centralized and decentralized blockchain ecosystems. Together, these advancements solidify CXT’s vital role in promoting next-gen blockchain applications that drive decentralized finance (DeFi), decentralized applications (dApps), and the broader blockchain industry.

CXT is central to Covalent’s broader vision of crafting a decentralized data infrastructure. The token serves as a gateway for developers and innovators, providing access to data across more than 100 blockchain networks, thereby fostering a future that is heavily reliant on data.

The listing on Bitstamp enhances availability for European users while reinforcing CXT’s status as an essential link between centralized exchanges and decentralized platforms. Bitstamp By securing a spot on a reputable exchange like Bitstamp, CXT strengthens its standing in the blockchain realm, opening doors for users and investors alike. With this increasing availability, millions can engage with CXT through a straightforward Euro-to-CXT trading mechanism. This development builds on previous achievements, including its launch on Base through Aerodrome, further cementing CXT's importance in advancing blockchain technology and adoption in decentralized ecosystems.

Covalent’s CXT Token Debuts On Base

Covalent Covalent acts as a crucial layer of modular data infrastructure, supporting blockchain and AI frameworks. It grants access to over 100 billion rows of structured and verifiable data distributed across more than 100 blockchain networks. Developers utilize Covalent’s platform to design tokenized, on-chain AI agents that can optimize returns in DeFi, detect fraudulent behavior, evaluate the rarity of non-fungible tokens (NFTs), and streamline compliance processes. By enabling these state-of-the-art functionalities, Covalent contributes significantly to the advancement of decentralized technologies.

Over a short span of four months, Covalent processed 22 billion API queries and achieved a steady revenue growth of 15% each month—funds that support buybacks of the CXT token. Additionally, more than 30% of the total CXT supply is staked for the Ethereum Wayback Machine, showcasing the ongoing expansion of Covalent's ecosystem. Interest continues to grow from notable industry players like Ondo Finance and THORChain, highlighting Covalent's pivotal role in shaping the data economy of Web3.

Recently, Covalent announced the deployment Covalent's recent integration of the CXT token onto Base—a Layer 2 scaling solution for Ethereum created by Coinbase—enhances its presence within the Ethereum ecosystem and deepens connections with one of the most widely utilized Layer 2 solutions.