As of 2025-08-27 (UTC+8), the market metrics provided by the aggregation site are: CMC real-time price approximately $0.193, 24h trading volume approximately $21 million, circulating supply approximately 160 million, maximum supply 1 billion, CMC ranking ~#742; Binance price page and research page also synchronously cover C's spot pairs and project highlights. These numbers can change at any time, but they are suitable as a daily header. Beyond this set of 'thermometers', what truly determines the center is the structure of supply and use.
The rhythm of distribution and unlocking determines 'supply-side expectations'. Statistics from community tracking stations show the unlocking progress and timetable: as of now, approximately 17.26% has been unlocked; future schedules include key milestones such as an expected unlocking of about 1.043% of the total on 2025-09-14, approximately 5.79% of the total on 2025-10-14, and approximately 1.043% of the total on 2025-11-14 (based on tracking station standards, actual figures to be verified with on-chain and official disclosures); other platforms provide allocation ratio references such as 'Ecosystem & Community 40%, Early Backers 17%, Core Contributors 15%, Airdrop 13%, Worker 12%, Liquidity 3%'. Writing about 'supply shocks', putting the schedule—amount—percentage of circulation into one table is far more stable than emotional conclusions.
Use cases determine the 'demand-side resilience'. Multiple primary materials summarize C's utility as: data query settlement, node/network staking and rewards, governance, and indicate its network positioning as 'turning fragmented on-chain data into a structured layer available for AI/dApp use'. As the request volume and the number of integrated applications increase, C's usage demand and network security budget will passively grow; this is more sustainable than 'relying solely on activity' for demand.
Transaction coverage and depth affect '承接能力'. When C was launched in July this year, multiple mainstream exchanges opened pairs simultaneously; in the following weeks, the secondary market experienced HODLer Airdrop selling pressure and short-term volatility, which is a common early state for new tokens. To avoid interpreting stage fluctuations as structural weakness, it is recommended to observe the depth of buy and sell orders for major trading pairs, cross-exchange price differences, market-making coverage, and on-chain unlocking/entry events in parallel: if a supply event occurs while both depth and demand indicators weaken, it is worth being cautious.
Ecosystem and road signs are equally important. Research/documents continuously emphasize the technical axis of SQL API + Data Cloud + dual-chain architecture and the positioning of 'data interoperability layer for the AI era'; the project blog reveals that 65% of the supply is oriented towards long-term guidance for ecological growth/contributors/user incentives. Regarding valuation, whether the ecosystem is utilizing this 'data information routing' is far more important than a one-time unlock.
Putting price—supply—demand—depth into one chart makes C's reading much clearer. The market data is just a result; what determines the center is who is using the data cloud and SQL API, to what extent, and how the token captures value in access, security, and governance.
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