Covalent X Token vs Walrus — how do they compare? Covalent X Token trades at Rp67.64 (market cap Rp65,46M, Rp3,64M 24h volume), while Walrus trades at Rp547.29 (market cap Rp1,35T, Rp69,39M 24h volume). The key difference: Walrus is far larger — about 20623.3× Covalent X Token's market cap, and Covalent X Token's circulating supply is 967,1M / 1B CXT (97%) versus 2,5B / 5B WAL (50%) for Walrus. Which is the better fit depends on your goals — on Pluang, investors hold Covalent X Token for 10 Days and Walrus for 22 Days on average.
| CXT | WAL | |
|---|---|---|
Market Cap | Rp65,46M | Rp1,35T |
Volume (24h) | Rp3,64M | Rp69,39M |
Circulating Supply | 967,1M / 1B CXT (97%) | 2,5B / 5B WAL (50%) |
Typical Hold Time | 10 Days | 22 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 →Walrus is a decentralized data storage protocol and application development platform that enables apps to manage large data files and rich media content like videos, images, and audio. Built on Sui, it allows for the handling of both on-chain and off-chain data using Move-based smart contracts. Developed by Mysten Labs, Walrus is the first network that permits storage of any data size on-chain at scale. This capability enhances how Web3 projects use their data, supporting the development of diverse on-chain businesses.
Read more on WAL →