{"id":6787,"date":"2023-11-21T20:47:28","date_gmt":"2023-11-21T20:47:28","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=6787"},"modified":"2024-03-27T12:59:03","modified_gmt":"2024-03-27T12:59:03","slug":"pyth-token-gains-value-with-thousands-of-wallets-receiving-airdrop","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/pyth-token-gains-value-with-thousands-of-wallets-receiving-airdrop\/","title":{"rendered":"Pyth Token Gains Value as Thousands of Wallets Receive Airdrop!"},"content":{"rendered":"<p><strong>Pyth Network<\/strong>\u00a0announced that it has performed airdrop delivery to thousands of wallets. The total value of the network exceeds $1.5 billion, backed by 120 protocols. The pricing of the <strong>Pyth<\/strong> oracle network&#8217;s token attracted attention with a market value of $468 million after the airdrop carried out for 90,000 wallets on Monday.<\/p>\n<p>According to CoinMarketCap data, the token value is currently trading at around $0.32 after rising to $0.51. Those who qualify for the airdrop will have 90 days to claim their tokens, which will be used for on-chain governance votes.<\/p>\n<p><script type=\"text\/javascript\" src=\"https:\/\/files.coinmarketcap.com\/static\/widget\/currency.js\"><\/script><\/p>\n<div class=\"coinmarketcap-currency-widget\" data-currencyid=\"28177\" data-base=\"USD\" data-secondary=\"\" data-ticker=\"true\" data-rank=\"true\" data-marketcap=\"true\" data-volume=\"true\" data-statsticker=\"true\" data-stats=\"USD\"><\/div>\n<p>In addition to the initially circulated supply of 1.5 billion, 85% of the total supply will be locked for six to 42 months. The 250 million tokens allocated for the airdrop are waiting to be claimed. <strong>Pyth Network<\/strong> currently has a total value guarantee (TVS) of $1.5 billion across 120 protocols, making it the fourth-largest pricing oracle.<\/p>\n<p><img decoding=\"async\" class=\"sFlh5c pT0Scc iPVvYb aligncenter\" src=\"https:\/\/substackcdn.com\/image\/fetch\/f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F07068078-d382-45d0-9fcf-d3bc965da673_1400x466.png\" alt=\"2 Who's involved with the Pyth network? - Pyth Network\" aria-hidden=\"false\" \/><\/p>\n<p>According to DeFiLlama, rival Chainlink&#8217;s (LINK) TVS is $14.7 billion. The project collects first-party pricing data from exchanges and institutional traders before sending data to smart contracts.<\/p>\n<blockquote><p><strong>You May Be Interested: <a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-investment-products-suffer-outflows-gbtc-woes-offset-new-etf-inflows\/\">Bitcoin Investment Products Suffer Outflows, GBTC Woes Offset New ETF Inflows<\/a>\u00a0<\/strong><\/p><\/blockquote>\n<p>Network developers announced on social media platform X&#8217;s (formerly Twitter) page, &#8220;Today marks the official launch of Pyth Network&#8217;s permissionless main net and initiates a new token-focused governance era for the protocol.&#8221; &#8220;Ecosystem participants can vote for community governance proposals by locking their PYTH Tokens in the Pyth staking program and actively participate in Pyth Governance.&#8221;<\/p>\n<p><strong>To instantly get updated with our articles, you can follow us on Google News by clicking <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMNzVxQsw__DcAw?hl=tr&amp;gl=TR&amp;ceid=TR%3Atr\">HERE<\/a>!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pyth Network\u00a0announced that it has performed airdrop delivery to thousands of wallets. The total value of the network exceeds $1.5 billion, backed by 120 protocols. The pricing of the Pyth oracle network&#8217;s token attracted attention with a market value of $468 million after the airdrop carried out for 90,000 wallets on Monday. According to CoinMarketCap<\/p>\n","protected":false},"author":1,"featured_media":6786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[2449,2450,2451],"class_list":["post-6787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-pyth-airdrop","tag-pyth-airdrop-claim","tag-pyth-network"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pyth Token Gains Value as Thousands of Wallets Receive Airdrop! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Pyth Network, announced that it has performed airdrop delivery to thousands of wallets. 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