- PYTH token skyrockets 29% amid Binance token listing.
- Pyth Network engages the community with a 600M PYTH token airdrop.
In a resounding success for Pyth Network, the PYTH token has become the talk of the town, soaring to new heights as the top gainer in the cryptocurrency market. The digital asset has experienced an impressive 29% surge in the past twenty-four hours, accompanied by a remarkable 239% spike in trading volume. Notably, this surge coincides with the announcement of PYTH’s listing on the largest cryptocurrency exchange, Binance.
With a total market value of $540 million at debut, PYTH has seen steady growth, accumulating a 43% gain year-to-date. The latest surge in its rate is particularly noteworthy, aligning with Binance‘s announcement that PYTH trading will commence on February 2nd. The listing will feature PYTH trading pairs against BTC, USDT, FDUSD, and TRY.
The PYTH token is the governance token of Pyth Network, empowering holders to actively vote on proposals that shape the project’s future.
What’s More?
Pyth Network has captured attention for its impressive token performance and expanded its influence beyond. The network recently made a strategic move to the Ronin Network, with MetaLend DeFi becoming PoweredByPyth. MetaLend, a leading money-market protocol on Ronin, integrates with Pyth’s Pull Oracle design. It ensures real-time evaluation of protocol-supported assets for borrowing and lending activities.
Launched just a couple of months ago, MetaLend has already amassed close to $2 M deposited in its protocol. The platform stands at the intersection of Ronin DeFi and GameFi, providing users with a peer-to-pool borrow-lending protocol. That enables them to earn yield and access additional liquidity without selling their assets.
Pyth Network has also demonstrated its commitment to community engagement through a token airdrop involving 75,000 wallets. In this initiative, the project distributed 600 million PYTH coins to reward the community’s contributions and attract new participants. With its recent achievements, Pyth Network aims to position itself as a force to be reckoned with in the evolving landscape.
