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PYTH, the native token of the decentralized finance oracle Pyth Network, is down 12% in the last 24 hours. According to data from cryptocurrency price aggregator CoinGecko, PYTH is currently changing hands at $0.477896, which is 12% lower than its level from the previous day. Additionally, the current price is nearly
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Pyth Network’s token debuts with a $468 million market cap and an innovative airdrop to 90,000 wallets. Pricing oracle service Pyth Network today launched its cryptocurrency token PYTH, immediately gaining a substantial market presence. As of its first trading day, the token’s market capitalization was approximately $468 million, with its value
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Pyth, by contrast, sources data directly from first-party financial institutions – both traditional and crypto-centric – like Jane Street and Binance. While this institution-driven system carries whiffs of "centralization" – anathema to the disintermediating world of crypto – it brings drastic speed improvements, several orders of magnitude faster than competing
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The Pyth Network currently has $1.5 billion in total value secured (TVS) across 120 protocols, making it the fourth-largest pricing oracle. Competitor Chainlink (LINK), in comparison, has $14.7 billion in TVS, according to DeFiLlama. Pyth gathers first-party pricing data from exchanges and institutional traders before sending that data to smart
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The Claim Process for the Pyth Network Retrospective Airdrop will open on Monday, Nov 20 at 2 PM UTC. Source
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