2025 forced crypto markets to mature: the October perp crash exposed ADL risks, funding arbitrage became low-margin, and decentralized perps like dYdX achieved institutional-grade execution. Venue selection overtook narrative as the key edge.
Covalent Network completes governance-approved token migration from CQT to CXT, with new contract live. The move aligns with its modular AI data infrastructure mission, supported by Arthur Hayes as advisor and a $5M fundraise.
Covalent Network's governance proposal to migrate from CQT to CXT token has been approved and executed. The new CXT contract is live, with Arthur Hayes as strategic advisor, $5M fundraising, and staking moved to Ethereum. The migration ushers a new era for AI and decentralized data infrastructure.
Covalent Network has successfully executed its governance proposal to migrate from CQT to a new token CXT with a fresh contract, marking the completion of its New Dawn initiative. The upgrade introduces enhanced staking, liquidity improvements, and new strategic advisors including Arthur Hayes.
Following a successful governance vote, Covalent Network has migrated its native token from CQT to CXT. The 'New Dawn' initiative concludes with Arthur Hayes as advisor, $5M funding, and enhanced staking on Ethereum. CXT powers over 230 chains and 300M wallets, aiming to advance decentralized AI and long-term data availability.
Covalent Network has successfully migrated its native token from CQT to CXT following a governance vote. The migration concludes the New Dawn initiative, featuring Arthur Hayes as advisor, a $5M fundraise, and staking move to Ethereum, positioning Covalent for modular data infrastructure growth in AI and long-term data availability.
WETH (Wrapped ETH) is an ERC-20 token pegged 1:1 to native ETH, enabling ETH to interact with DeFi protocols. This article explains the differences, wrapped token concept, multiple contract addresses, and market implications.
Covalent X Token (CXT), the native asset of Covalent Network, has completed its 1:1 migration from CQT. The token powers staking, governance, and data service settlements, while its supply structure and network-driven demand model are drawing market attention.
