Pyth Network, a decentralized finance (DeFi) oracle service competing with Chainlink, made headlines this week with a remarkable token airdrop valued at an astounding $77 million. The distribution of 250 million PYTH tokens to early Pyth users increased the protocol’s market capitalization beyond $765 million, highlighting the project’s growing importance.
Today marks the launch of the Pyth Network’s permissionless mainnet, ushering in a new era of token-led governance for the protocol.
— Pyth Network 🔮 (@PythNetwork) November 20, 2023
As a first-party oracle for global financial data, Pyth Network provides access to over 300 real-time price data points across major asset classes, including equities, ETFs, forex, commodities, and digital assets. It allows users to publish on-chain price data for sea...