- The Space and Time token SXT jumped more than 33% as altcoins rose.
- SXT crypto price was up after a major partnership with Microsoft.
- The token’s daily volume jumped 390% to over $280 million as SXT outpaced top altcoins.
The Space and Time (SXT) price rose sharply on Wednesday as the zero-knowledge proofs blockchain for data struck a major partnership with Microsoft.
Daily volume exploded 390% to over $280 million, while the cryptocurrency’s market cap edged to near $200 million.
The cryptocurrency ranked among the best performers on the day, topping the list of gainers by 24-hour gains in the top 500 coins by market cap.
Per data from Coinglass, the open interest in the Space and Time token is up 117%.
Why did the SXT crypto price surge today?
SXT price reached highs of $0.15, surging by more than 33% in the past 24 hours.
Gains saw the altcoin bounce off its recently hit all-time low of $0.10.
The downside to the new low happened as the broader crypto market witnessed a bout of volatility, with Bitcoin price dumping to under $103k before rallying sharply to retest the $107k level.
This action also cascaded into top altcoins, and smaller coins such as Space and Time exploded.
SXT, however, had another likely catalyst fueling its upsurge.
A major announcement from tech giant Microsoft provided the tailwinds, specifically in the form of Microsoft’s integration of the Space and Time blockchain with the US-based computing giant’s analytics platform Fabric.
Integration will see Microsoft add real-time data feeds to the Microsoft Fabric network.
This collaboration builds on Space and Time’s milestone of getting capital backing from M12 – Microsoft’s venture arm.
📣 Just announced at #MSBuild: Space and Time indexed blockchain data will be integrated with @Microsoft Fabric.
As part of the integration, Microsoft developers will be able to access Space and Time indexed data from Bitcoin, @SuiNetwork, and @ethereum through Fabric. pic.twitter.com/jOHThHuuVI
— Space and Time (@SpaceandTimeDB) May 20, 2025
Space and Time network growth
The integration speaks to the growing traction for Space and Time.
Now, such ecosystem users can easily leverage Fabric to access the ZK-proven platform’s indexed data.
Initial support includes top blockchain networks like Bitcoin, Sui, and Ethereum.
Developers will tap into this capability via the cloud data storage solution Azure OneLake.
“We’re thrilled to expand our collaboration with Microsoft to provide verifiable blockchain data to enterprises, institutions, and developers building on Fabric,” said Nate Holiday, the co-founder of Space and Time and CEO of MakeInfinite Labs, an original contributor to Space and Time.
“This integration enables a wealth of new data-driven use cases across financial services, Web3 apps, and AI to be built on Microsoft technology,” Holiday added.
Integration with Microsoft Fabric comes a few days after Space and Time unveiled its mainnet.
The native token SXT jumped to an all-time high above $0.18 on May 8, 2025. While price has since dipped slightly, the current SXT value is only 25% off that peak.
Space and Time raised $20 million in a Series A funding round led by M12 in 2022.
>