Here are some key points about Covalent (CQT)

*Overview:*

- Covalent is a decentralized data infrastructure layer within the Web3 industry.

- It enables seamless access to data across various blockchains, enhancing the interoperability and efficiency of blockchain applications.

*Market Cap:*

- The market capitalization of Covalent (CQT) is $158,654,950.

- The fully diluted market cap is $231,053,487.

*Tokenomics:*

- The native token of the Covalent network is CQT.

- The token has three primary purposes: governance, staking, and network access.

- The total supply of CQT tokens is capped at 1 billion.

- The circulating supply of CQT stands at 686,658,970 tokens.

*Use Cases:*

- Covalent provides a unified API for accessing data from various blockchains.

- It offers rich, fully decoded, granular, and historical blockchain data.

- The platform is highly scalable and can handle a large volume of queries and transactions simultaneously.

- Covalent ensures the security of its data through the use of the Ethereum blockchain and its PoS consensus mechanism.

*Partnerships:*

- Covalent has partnered with several notable blockchain projects and organizations, including Chainlink, Polygon, and Elrond.

*Price:*

- The current price of Covalent (CQT) is $0.2310.

- The price of CQT has fluctuated between a high of $0.275644 and a low of $0.230976 in the last 7 days.

- The all-time high price of 1 CQT in USD is $2.08, recorded on Aug 14, 2021.