Messari Summary Report On Covalent’s Growth In Market Cap, Staking And Token Buyback In Q1 2024
Key Insights The percentage of staked CQT grew from 22% in Q1 2023 to 29% in Q1 2024, despite a 20% increase (an additional 104 million CQT) in the circulating supply. The CQT market cap rose 28% QoQ, reaching $275 million multiple times before ending Q1 at $199 million. Covalent announced plans to introduce a … Read more