Messari’s Q2 2024 Summary: Covalent (CXT) Rebrand, Modular Data for AI, APAC Expansion, CXT Buy-back Program and Network Growth

Covalent (CXT) is a long-term data availability protocol that structures data. It solves the problem of long-term data availability made prevalent after Ethereum’s Dencun upgrade, which deletes rollup history due to the state expiry feature. This particular solution is called the Ethereum Wayback Machine (EWM); it is used as a modular verifiable data infrastructure to … Continued
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