Covalent August 2025 Recap: Buybacks, Revolut Listing, and GoldRush Speed

August moved fast for Covalent (CXT). Every move pushed the same engine forward—speed, scale, and the $CXT onchain ￰0￱ fresh buybacks to GoldRush upgrades, the protocol doubled down on its deflationary and utility-first model. $CXT Buybacks & Token Flow Nearly 900,000 $CXT was bought back in August ￰1￱ the past year, Covalent has retired 7.7M $CXT, equal to 0.77% of ￰2￱ are permanently ￰3￱ no more unlocks left and burns ahead, the deflationary engine is already ￰4￱ are no longer theory—they’re a recurring event fueled by protocol ￰5￱ August 2025 Recap gSpeed fam, August moved fast for @Covalent_HQ , and everything they shipped pushed the same engine forward: speed, scale, and the $CXT onchain ￰6￱ & Token Flow Nearly 900,000 $CXT was bought back in August ￰7￱ total, that’s… ￰8￱ — Jeffreybj (@Jeffreybj22) September 4, 2025 Exchange Access August also marked a major exchange milestone: $CXT listed on ￰9￱ app reaches 60M+ global users and stands fully MiCA-compliant, putting $CXT in one of the most regulated consumer crypto environments ￰10￱ visibility, this is a step into the ￰11￱ adoption, it opens the door to a user base that spans retail investors across Europe and ￰12￱ Upgrades: GoldRush Gets Faster The GoldRush Streaming API leveled up in August.

Ultra-fast pair updates (price, volume, liquidity) across Ethereum, Base, and BNB Chain. Sub-second data streams for AI agents, HFT bots, and compliance ￰13￱ workshops with Eco Foundation, showing devs how to plug into real-time data right out of the ￰14￱ key takeaway: latency beats ￰15￱ a market where AI bots and traders fight for milliseconds, GoldRush gives Covalent users the ￰16￱ Growth Covalent’s reach expanded further: 150+ chains supported, making it the largest onchain data ￰17￱ launched, with GoldRush backing from day one—tailored for traders and AI-driven ￰18￱ Tax case study: GoldRush now powers compliance and tax reporting for 100k+ ￰19￱ ecosystem report logged $3.4B bridged, 47k creator tokens minted, and 36M in weekly DEX ￰20￱ expansion isn’t just breadth.

It’s depth—networks, compliance, and traders all running on the same ￰21￱ Velocity The @wallchain_xyz Quack Leaderboard launched mid-August and is already driving activity. $200K in $CXT rewards allocated. $40K monthly distributed to the top 80 ￰22￱ cliffs, no ￰23￱ are fully ￰24￱ and competition are already forming around ￰25￱ are direct, transparent, and fueling real ￰26￱ the Month By the end of August, the flywheel was spinning exactly as designed: Chains integrate → Builders ship faster → Usage grows → Revenue flows in → $CXT gets bought back → Supply shrinks. It’s ￰27￱ ￰28￱ ￰29￱ Economics in Action Covalent’s model is ￰30￱ query through GoldRush generates ￰31￱ revenue powers ￰32￱ shrink ￰33￱ demand means tighter scarcity.

Holders, builders, and users are aligned. Future-Proofing with Burns Buybacks are just step ￰34￱ token burns will cut circulating supply even further, reinforcing deflation and increasing long-term ￰35￱ Over Speculation Unlike protocols that depend on hype, Covalent’s deflationary mechanics are fueled by real ￰36￱ is live. It’s powering tax, compliance, and AI agents ￰37￱ Confidence & Community Impact The protocol ties token value to onchain ￰38￱ see transparent, measurable supply ￰39￱ community sees rewards flow back into their ￰40￱ into September, the loop keeps ￰41￱ is showing how speed, compliance, and deflationary mechanics combine into one ￰42￱ the market is starting to notice.

Disclosure: This is not trading or investment ￰43￱ do your research before buying any cryptocurrency or investing in any ￰44￱ us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !