Covalent X Token vs USDS — how do they compare? Covalent X Token trades at Rp69.28 (market cap Rp65,46M, Rp3,64M 24h volume), while USDS trades at Rp18,100 (market cap Rp197,18T, Rp1,79T 24h volume). The key difference: USDS is far larger — about 3012221.2× Covalent X Token's market cap, and Covalent X Token's supply is capped (967,1M / 1B CXT (97%)) while USDS's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Covalent X Token for 10 Days and USDS for 9 Days on average.
| CXT | USDS | |
|---|---|---|
Market Cap | Rp65,46M | Rp197,18T |
Volume (24h) | Rp3,64M | Rp1,79T |
Circulating Supply | 967,1M / 1B CXT (97%) | 10,9B USDS |
Typical Hold Time | 10 Days | 9 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 →USDS (Sky Dollar) is a decentralized stablecoin issued by Sky Protocol, the rebranded successor to MakerDAO, one of DeFi’s most established names. Pegged 1:1 to the US dollar, USDS is minted by locking crypto assets as collateral and is fully upgradeable from DAI at a 1:1 ratio. Beyond price stability, USDS offers native yield through the Sky Savings Rate, governance token rewards via SKY, and is available across multiple chains including Ethereum and Solana.
Read more on USDS →