Covalent X Token vs Dai — how do they compare? Covalent X Token trades at Rp42.5 (market cap Rp41,68M, Rp2,61M 24h volume), while Dai trades at Rp17,251 (market cap Rp92,41T, Rp1,28T 24h volume). The key difference: Dai is far larger — about 2217130.5× Covalent X Token's market cap, and Covalent X Token's supply is capped (972,3M / 1B CXT (98%)) while Dai's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Covalent X Token for 5 Days and Dai for 31 Days on average.
| CXT | DAI | |
|---|---|---|
Market Cap | Rp41,68M | Rp92,41T |
Volume (24h) | Rp2,61M | Rp1,28T |
Circulating Supply | 972,3M / 1B CXT (98%) | 5,4B DAI |
Typical Hold Time | 5 Days | 31 Days |
What Pluang investors did over the last 30 days
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CXT is the utility and governance token of the Covalent Network, which safeguards Ethereum’s historical data. It is used for staking and enables holders to participate in decentralized governance. The network enhances data availability for developers building on the Ethereum ecosystem.
Read more on CXT →DAI is an Ethereum-based stablecoin managed by the Maker Protocol and MakerDAO. Its value is soft-pegged to the U.S. dollar and backed by various cryptocurrencies stored in smart contract vaults. DAI provides a decentralized way to hold a stable digital asset, with options like Multi-Collateral DAI for flexible backing and the DAI Savings Rate for earning interest.
Read more on DAI →