WHAT is PYTH NETWORK and why is the pyth coin trending?

Pyth Network (PYTH) is a remarkable first-party oracle network that delivers real-time market data to financial decentralized applications (dApps) across 40+ blockchains. Here are some key points about Pyth Network:

Market Data Delivery: Pyth provides 380+ low-latency price feeds covering a wide range of assets, including cryptocurrencies, equities, ETFs, FX pairs, and commodities.

Contributors: The network comprises major players in the financial industry, including Binance, OKX, Jane Street, Bybit, Cboe Global Markets, and more. These contributors provide their own price data for use by smart contracts.

Data Aggregation: The Pyth oracle program aggregates this data on-chain to guard against inaccuracies and manipulation.

Pull Mechanism: Users can “pull” the latest price onto their blockchain when needed.

Adoption and Value: In less than a year since its launch, the Pyth Network has secured over $1 billion in total value. It has been used by over 250 applications to secure $100 billion in trading volume.

Token: The native token of the Pyth Network is PYTH. Its initial circulating supply is 1.5 billion tokens with a total supply of 9.99 billion tokens. The remaining tokens are initially locked and will unlock over time

Current Status: As of now, the live price of Pyth Network is approximately $0.7 USD, with a market cap of around $847 million USD. The 24-hour trading volume stands at $53 million USD

In summary, Pyth Network plays a crucial role in providing reliable and real-time market data to decentralized finance (DeFi) applications, enhancing transparency and efficiency in the crypto ecosystem.

it will interest you to know that this #pyth coin was sold for 0.402196 on the first of February 2024 and today its $0.7 that's the live price now this coin is trending because it has made over 27% rise within a week, so it's advisable for you o invest on pyth network so as to make enormous return before the week runs out, it might even get to one dollar before the end of the week, be wise and stay safe