Launching WallChain with Covalent: $200K in CXT Rewards for Community Impact
Today we’re kicking off the Mindshare Leaderboard on WallChain, a new way to recognize and reward the voices driving meaningful conversations about Covalent and the broader onchain data space.
This campaign comes with a $200,000 reward pool in CXT, distributed over five months with $40,000 CXT paid out each month to the top participants. Quackers will have the chance to climb the leaderboard and earn their share in CXT:
Ranks 1–10: $2,222 each
Ranks 11–40: $420 each
Ranks 41–80: $130 each
With Covalent delivering ultra-fast, verifiable data across 100+ blockchains, this campaign highlights the voices shaping how builders, agents, and developers plug into sub-second infrastructure and create value at scale. On the Mindshare Leaderboard, both the quality and frequency of Quacks determine your position, so the more authentic insights you share, the higher you will climb.
The Covalent Stack Explained
Over the past year, Covalent has moved fast: launching new products, scaling infrastructure, and doubling down on developer needs. At our core, the mission hasn’t changed — to empower the pioneers of tomorrow with ultra-fast, verifiable onchain data. By delivering sub-second performance on a decentralized network, Covalent provides the richest and most reliable data infrastructure for the entire blockchain ecosystem.
At the foundation is the Covalent Network, a decentralized protocol that indexes, verifies, and delivers onchain data. Validators stake CXT to secure the network and ensure the accuracy of every data point.
On top of that sits GoldRush, the developer platform that provides structured access to onchain data across more than 100 networks.
Foundational API: battle-tested historical and aggregated data. Trusted by Fidelity, Jump, Chainalysis, OpenSea, and others.
Streaming API: sub-second data powering 50,000+ bots and agents across trading, gaming, and automation.
This stack powers wallets, AI, real-world assets, tax and compliance, and more — all anchored by one token: CXT.
The CXT Token: Value at the Core
CXT is more than just a token. It drives the entire Covalent ecosystem flywheel:
Staking & Network Security: 300M+ CXT is staked (about 33% of supply), securing the network and maintaining verifiable data integrity across 100+ chains.
Utility & Revenue: GoldRush APIs drives sustainable revenue with over 95% paid usage — powering everything from HFT bots and AI agents to wallets, RWAs, and tax apps.
Buybacks & Burns: Protocol revenue is recycled into CXT buybacks, already removing nearly 1% of supply from circulation. With a future burn mechanism planned, CXT is positioned to be deflationary over time.
Governance: CXT holders participate in shaping the roadmap, ensuring alignment between the network, developers, and token holders.
This token flywheel creates lasting value:
98% of supply is already unlocked — no looming sell pressure.
Sub-second demand is growing fast, with over 50k subscribers to the Streaming API since Q2 2025. This growth shows how critical ultra-fast onchain data has become for powering AI agents, trading bots, and real-time apps that cannot operate on delayed or unreliable feeds.
Covalent is trusted by names like Wormhole, Fidelity, EY, Consensys, Chainalysis, OpenSea, and Jump.
In summary, CXT is the backbone of a decentralized, ultra-fast, verifiable onchain data platform that already processes billions of API calls, sustains real revenue, and scales with the growth of high-throughput chains and AI-native applications.
Traction and Growth
Today, Covalent supports:
471M API calls in Q2 2025, 17B lifetime calls, and 2M daily active calls supported
100+ blockchains indexed
100+ paying enterprise customers
Use cases across DeFi, HFT systems, RWAs, AI, wallets, tax, compliance, and forensics
Recent highlights:
Streaming API adoption exploded with 50,000+ AI agents in less than one month.
Chain integrations with Base, Hyperliquid, and more.
Positioning as the ultra-fast data platform for the AI and AI-native apps.
Why Covalent is Built to Last
Covalent is built for the future of onchain data — ultra-fast, verifiable, and sub-second. As blockchains evolve into high-throughput systems powering AI agents, DeFi, RWAs, and beyond, the demand for reliable data infrastructure has never been greater.
Most solutions today either sacrifice speed or verifiability, leaving developers to choose between low-latency feeds that can’t be verified, or historical archives that can’t keep up with real-time applications. Covalent solves this tradeoff.
With a sustainable token flywheel at its core and a developer ecosystem that already spans thousands of projects, Covalent is the foundational data platform built to support ultra-fast blockchains and AI-native onchain applications.
