# Covalent (CXT)
> Covalent (CXT) is the native token of the Covalent Network, an integral component of its decentralized long-term data availability network. CXT is used for network settlement, staking by operators and delegators to secure the network, and governance for on-chain proposals. Its economic model leverages stablecoin payments for API queries, which in turn drives market demand for CXT.
- URL: https://optimly.ai/brand/covalent-cqt
- Logo: https://logo.clearbit.com/covalenthq.com
- Slug: covalent-cqt
- BAI Score: 53/100
- Archetype: Challenger
- Category: Blockchain Infrastructure
- Last Analyzed: August 9, 2026
## Buyer Intent Signals
Problems: Running custom blockchain nodes and indexing data manually: Developers would need to run their own full nodes, process vast amounts of raw blockchain data, and build custom indexing solutions, which i | Consulting or data service providers specializing in blockchain data: Hiring third-party firms to manage blockchain data extraction, indexing, and provision, potentially incurring high costs and vendo | Limit data-intensive decentralized application development: Developers might scale back ambitions for dApps requiring extensive, historical, or complex blockchain data, foregoing richer user experienc
Solutions: How to stake CXT? | What is CXT used for in Covalent governance? | How does Covalent API payment interact with CXT? | Centralized blockchain data API providers: Using centralized services that offer API access to blockchain data, which may lack the decentralization, transparency, and long-term availability guarantees