Covenant x402
Research notes
The 24-hour turnover ratio, currently 71.57%, is worth monitoring over time because sustained high or low turnover relative to market capitalisation reflects how actively the token is changing hands, which can shift quickly for small-cap assets. The percent-below-all-time-high figure, recorded at approximately 19.1% below the peak with only one day elapsed since that high according to the stored metric, is worth observing because the recency of the all-time high means this relationship may change materially in a short window. The fdv-to-mcap ratio is 1.0, reflecting that fully diluted value equals market capitalisation because no additional supply can enter circulation; any change in this relationship would indicate a revision to supply data and would be worth noting. Finally, because the project lives on a single host and chain, any publicly available data on gateway activity or settled payment counts would provide context that the on-chain supply figures alone cannot offer.
Written by an AI language model from the figures listed below, on 19 Oct 2026 09:20 UTC.
