According to Foresight News, CryptoSlate reported that Covalent Network (CXT) released data for the second quarter of 2024. In the second quarter, Covalent Network paid $990,000 to its network operators, an increase of 83% from the previous quarter. Covalent Network is gradually transitioning to a revenue sharing model. Currently, 20% of query revenue has been used to repurchase CXT tokens weekly, which are stored in multi-signature wallets and will be distributed to node operators in the future. Covalent Network has also launched the Ethereum Wayback Machine, which aims to protect critical blockchain data that may be lost due to Ethereum upgrades.