Covenant

CVNT Price

About Covenant (CVNT)

Covenant is an open operating layer designed to provide a secure, auditable, and metered infrastructure for autonomous AI agents.

• Capability-based security: Employs a security model where agent actions are restricted by cryptographically signed grants rather than broad system permissions.
• Verifiable settlement: Uses CVNT as a settlement credit to meter and pay for agent resources such as compute, memory, and tool calls.
• Immutable audit trails: Records all agent operations in append-only, hash-chained logs that are anchored to the Solana blockchain for transparency.

What Is Covenant

Covenant serves as an infrastructure layer that sits between artificial intelligence (AI) agent applications and the host operating system. Its primary purpose is to solve the security and accountability challenges inherent in autonomous software. By providing a standardized operating environment, it ensures that agents can perform long-running tasks without requiring unchecked access to the underlying system.

Value in the ecosystem moves through a credit-based settlement system. Users deposit CVNT tokens into a settlement program to mint credits, which are then used by agents to pay for the specific resources they consume. These resources include memory writes, tool execution, and external API requests. As agents consume these resources, the corresponding credits are burned, and the transaction records are bundled into Merkle roots to be anchored on-chain. This mechanism allows the network to scale by providing a consistent security and billing layer for a wide variety of agentic applications.

What Makes Covenant Unique

The project distinguishes itself through a "local-first" coordination model that prioritizes privacy and performance while maintaining global verifiability through on-chain anchoring. Key differentiators include:

• Eight Host Primitives: Covenant provides a comprehensive set of building blocks for agents, including intent, runtime, memory, identity, permissions, communication, a compositor, and settlement.
• Signed Capabilities: Unlike traditional operating systems that grant broad access, Covenant uses scoped, cryptographically signed capabilities to gate exactly what an agent can do.
• Durable Tiered Memory: Offers agents persistent memory structures that survive across different runtimes and execution environments.
• Verifiable Metering: Every action taken by an agent produces a signed receipt, allowing for precise reconciliation of costs and activities down to the individual tool call.

What Can You Use Covenant for?

Covenant is utilized for several core functions within the agentic ecosystem:

• Metered Resource Consumption: Service providers can use the layer to bill AI agents for compute and API usage using CVNT-backed credits.
• Secure Agent Execution: Developers can deploy agents in isolated runtimes where their capabilities are strictly defined and enforced by the operating layer.
• Auditable Workflows: Organizations can maintain a permanent, verifiable record of autonomous agent actions for compliance and debugging purposes.
• Identity Management: Establishing unique, verifiable identities for agents to facilitate secure agent-to-agent communication and resource sharing.

How Does Covenant Work?

Covenant operates as a system-level layer that manages the interaction between autonomous agents and their host environment. When an agent application requests an action—such as writing to memory or calling an external tool—Covenant verifies the request against the agent's signed capabilities. If authorized, the system executes the task and generates a signed receipt that meters the resource cost.

These receipts are priced in settlement credits derived from CVNT. Periodically, the system aggregates these receipts into batches. A Merkle root, which acts as a cryptographic summary of the batch, is then anchored to the Solana network. This anchoring process provides a verifiable link between the local agent activity and a public blockchain, ensuring that the audit logs remain immutable. Because Covenant is an infrastructure layer, users pay protocol service fees in the form of these settlement credits to sustain the network's operations.

Team Info and Investors

Covenant was developed as an open-source project, with its technical foundations detailed in research authored by Achille Wasque. Other documented contributors to the project include Mika Peltonen and Nicola Mariano. The software is licensed under the Apache-2.0 license, emphasizing its role as public infrastructure for the AI community. Available source materials do not specify external venture capital investors or early-stage backing rounds.

Where can you buy Covenant?

CVNT tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Covenant is PumpSwap, where the most active trading pair CVNT/WSOL has a trading volume of $12,968.31 in the last 24 hours.

What is the daily trading volume of Covenant (CVNT)?

The trading volume of Covenant (CVNT) is $12,204.37 in the last 24 hours, representing a -18.80% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Covenant (CVNT)?

Covenant (CVNT) reached an all-time high of $0.0002907 and an all-time low of $0.00002795. It’s now trading -74.40% below that peak and 166.30% above its lowest price.

What is the market cap of Covenant (CVNT)?

Market capitalization of Covenant (CVNT) is $66,666.42 and is ranked #6472 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of CVNT tokens (900 Million tokens are tradable on the market today).

What is the fully diluted valuation of Covenant (CVNT)?

The fully diluted valuation (FDV) of Covenant (CVNT) is $74,402.26. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion CVNT tokens are in circulation today. Depending on how the emission schedule of CVNT tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Covenant compare against its peers?

With a price increase of 133.40% in the last 7 days, Covenant (CVNT) is outperforming the global cryptocurrency market which is down -2.80%, while outperforming when compared to similar Artificial Intelligence (AI) cryptocurrencies which are up 8.70%.