Covalent X Token vs Metaplex — how do they compare? Covalent X Token trades at Rp42.15 (market cap Rp41,05M, Rp2,72M 24h volume), while Metaplex trades at Rp423.79 (market cap Rp202,34M, Rp16,87M 24h volume). The key difference: Metaplex is far larger — about 4.9× Covalent X Token's market cap, and Covalent X Token's circulating supply is 972,3M / 1B CXT (98%) versus 477M / 1B MPLX (48%) for Metaplex. Which is the better fit depends on your goals — on Pluang, investors hold Covalent X Token for 5 Days and Metaplex for 15 Days on average.
| CXT | MPLX | |
|---|---|---|
Market Cap | Rp41,05M | Rp202,34M |
Volume (24h) | Rp2,72M | Rp16,87M |
Circulating Supply | 972,3M / 1B CXT (98%) | 477M / 1B MPLX (48%) |
Typical Hold Time | 5 Days | 15 Days |
What Pluang investors did over the last 30 days
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 →Metaplex plays a crucial role in one of the largest developer ecosystems in the blockchain world by providing the on-chain infrastructure needed to create nearly all tokens and NFTs on Solana and the Solana Virtual Machine (SVM). It is utilized by prominent launchpads, marketplaces, games, wallets, and various other applications, generating substantial revenue and transaction volume through its infrastructure.
Read more on MPLX →