Covalent, the blockchain data indexing platform, has launched the Covalent Strategic Reserve (CSR), a multi-year initiative announced on October 23, 2025, aimed at strengthening the long-term stability of the CXT token ecosystem. The reserve is designed to accumulate and lock approximately 10% of the total CXT supply over several years, funded by a combination of on-chain and off-chain revenues, including periodic token buybacks.
In 2025 alone, Covalent has already executed buybacks totaling 26 million CXT tokens, comprising 17 million from off-chain revenue-backed purchases and 9.05 million through daily automated on-chain buybacks. This approach aims to reduce market volatility for CXT and enhance transparency, with all outflows from the reserve subject to community governance approval to ensure decentralized oversight.
The initiative reflects Covalent's broader strategy to foster ecosystem resilience, positioning it as a potential model for other projects in the blockchain space seeking sustainable tokenomics and long-term holder confidence.
BTC
USDT
ETH
FIL
ICP
DOGE