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://t.co/hdkVQWAvlh ...