PythNetwork
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$PYTH ⚡ Binance Adds #PYTH to Simple Earn: What You Need to Know⚡
Binance has announced the addition of PYTH, the governance token of the Pyth Network, to its Simple Earn program. PYTH Token holders can now enjoy more ways to earn rewards while participating in Pyth Network's governance.
PYTH is central to the Pyth Network’s governance system, allowing token holders to have a direct say in the network's future. By staking PYTH tokens, holders can vote on community proposals, using a 1:1 coin-voting system where each staked token equals one vote. To submit proposals, a holder needs at least 0.25% of the total staked PYTH tokens.
A proposal is considered successful if it receives more "yes" votes than "no" votes and meets the required approval quorum, which varies by proposal type. If passed, proposals become binding and their instructions are executed on-chain. Governance proposals can cover topics such as update fees, reward distribution mechanisms, software updates, and price feed listings.
The addition of PYTH to #Binance Simple Earn provides a convenient platform for PYTH holders to stake their tokens and participate in governance, enhancing the decentralized decision-making process of the #PythNetwork . This move is set to further engage the community and foster the network's growth.
#PYTHUSDT📈 #BinanceEarn
Binance has announced the addition of PYTH, the governance token of the Pyth Network, to its Simple Earn program. PYTH Token holders can now enjoy more ways to earn rewards while participating in Pyth Network's governance.
PYTH is central to the Pyth Network’s governance system, allowing token holders to have a direct say in the network's future. By staking PYTH tokens, holders can vote on community proposals, using a 1:1 coin-voting system where each staked token equals one vote. To submit proposals, a holder needs at least 0.25% of the total staked PYTH tokens.
A proposal is considered successful if it receives more "yes" votes than "no" votes and meets the required approval quorum, which varies by proposal type. If passed, proposals become binding and their instructions are executed on-chain. Governance proposals can cover topics such as update fees, reward distribution mechanisms, software updates, and price feed listings.
The addition of PYTH to #Binance Simple Earn provides a convenient platform for PYTH holders to stake their tokens and participate in governance, enhancing the decentralized decision-making process of the #PythNetwork . This move is set to further engage the community and foster the network's growth.
#PYTHUSDT📈 #BinanceEarn
Overlay Protocol announces a partnership with Pyth Network
#OverlayProtocol partners with #PythNetwork , the decentralized market data provider. This partnership will enhance Overlay's reach in non-traditional markets, supporting deep liquidity and secure trading without traditional counterparties.
Overlay is a perpetual futures protocol that offers users the ability to build positions on a market or data stream without traditional counterparties. In 2021, the project secured $2.22M in a funding round from Polychain, 1kx, ParaFi Capital, The LAO, and Meta Cartel Ventures.
👉 x.com/OverlayProtocol/status/1793684996122910983
#OverlayProtocol partners with #PythNetwork , the decentralized market data provider. This partnership will enhance Overlay's reach in non-traditional markets, supporting deep liquidity and secure trading without traditional counterparties.
Overlay is a perpetual futures protocol that offers users the ability to build positions on a market or data stream without traditional counterparties. In 2021, the project secured $2.22M in a funding round from Polychain, 1kx, ParaFi Capital, The LAO, and Meta Cartel Ventures.
👉 x.com/OverlayProtocol/status/1793684996122910983
⚡ #Injective $INJ has integrated synthetic assets through the partnership with #PythNetwork
Injective, a custom interoperable layer 1 #blockchain for building exchange, #DeFi , derivatives & #Web3 applications, has partnered with Pyth Network to integrate synthetic assets.
Injective, a custom interoperable layer 1 #blockchain for building exchange, #DeFi , derivatives & #Web3 applications, has partnered with Pyth Network to integrate synthetic assets.
$PYTH
currently the price of pyth is 0.4680
as we can see in the chart PYTH is
on its support level. we can enter
at market price in PYTH.
#PYTH #PYTHUSDT #PythNetwork #Wriite2Earn #DYOR🟢
currently the price of pyth is 0.4680
as we can see in the chart PYTH is
on its support level. we can enter
at market price in PYTH.
#PYTH #PYTHUSDT #PythNetwork #Wriite2Earn #DYOR🟢
#Signal
Buy some #PYTH/USDT #PythNetwork $PYTH in Spot,
it will pump around 1$ with the solana pump soon.
$BTC
Buy some #PYTH/USDT #PythNetwork $PYTH in Spot,
it will pump around 1$ with the solana pump soon.
$BTC
Pyth's Valuation Surges Past $500 Million
Pyth's network has reached a Total Value Secured (TVS) of $1.5 billion across 120 protocols. By comparison, Chainlink holds a TVS of $14.7 billion.
Around 90,000 wallets received an Airdrop of PYTH tokens, with a 90-day window for claiming.
PYTH initially had a supply of 1.5 billion tokens, with the remaining 85% set to unlock within 6 to 42 months.
#Pyth #PYTH #PythNetwork
Pyth's network has reached a Total Value Secured (TVS) of $1.5 billion across 120 protocols. By comparison, Chainlink holds a TVS of $14.7 billion.
Around 90,000 wallets received an Airdrop of PYTH tokens, with a 90-day window for claiming.
PYTH initially had a supply of 1.5 billion tokens, with the remaining 85% set to unlock within 6 to 42 months.
#Pyth #PYTH #PythNetwork
Pyth Token Soars with $500M Valuation and Innovative Governance. 🤑💰
Pyth, a pricing oracle network, recently debuted its token with a market cap of $468 million. The network conducted a successful airdrop, distributing tokens to 90,000 wallets.
Token Performance:
The Pyth token is currently trading at $0.32, reaching a peak of $0.51, as reported by CoinMarketCap. A total market valuation of nearly $500 million underscores the token's strong market presence.
Airdrop Details:
90,000 wallets received tokens through the airdrop. Participants have a 90-day window to claim their PYTH tokens, crucial for on-chain governance votes.
Tokenomics:
Initial circulating supply stands at 1.5 billion tokens. The remaining 85% of the total supply is locked for periods ranging from six to 42 months. 255 million tokens were specifically allocated for the successful airdrop.
Network Strength:
Pyth Network boasts a Total Value Secured (TVS) of $1.5 billion across 120 protocols. Positioned as the fourth-largest pricing oracle, it competes with Chainlink, which has a TVS of $14.7 billion according to DeFiLlama.
Governance and Mainnet Launch:
The Pyth Network celebrated the launch of its permissionless mainnet. Token holders can actively engage in governance through the Pyth staking program, casting votes on community proposals.
Future Prospects:
PYTH emerges as one of the highly anticipated airdrops of the year, following the success of Celestia TIA. The token's value and innovative governance structure contribute to its prominence in the crypto space.
In Summary:
Pyth's token debut and airdrop success mark a significant milestone for the network. With a focus on decentralized governance and strong market performance, Pyth establishes itself as a key player in the evolving crypto landscape.
#Pyth #PythNetwork
Pyth, a pricing oracle network, recently debuted its token with a market cap of $468 million. The network conducted a successful airdrop, distributing tokens to 90,000 wallets.
Token Performance:
The Pyth token is currently trading at $0.32, reaching a peak of $0.51, as reported by CoinMarketCap. A total market valuation of nearly $500 million underscores the token's strong market presence.
Airdrop Details:
90,000 wallets received tokens through the airdrop. Participants have a 90-day window to claim their PYTH tokens, crucial for on-chain governance votes.
Tokenomics:
Initial circulating supply stands at 1.5 billion tokens. The remaining 85% of the total supply is locked for periods ranging from six to 42 months. 255 million tokens were specifically allocated for the successful airdrop.
Network Strength:
Pyth Network boasts a Total Value Secured (TVS) of $1.5 billion across 120 protocols. Positioned as the fourth-largest pricing oracle, it competes with Chainlink, which has a TVS of $14.7 billion according to DeFiLlama.
Governance and Mainnet Launch:
The Pyth Network celebrated the launch of its permissionless mainnet. Token holders can actively engage in governance through the Pyth staking program, casting votes on community proposals.
Future Prospects:
PYTH emerges as one of the highly anticipated airdrops of the year, following the success of Celestia TIA. The token's value and innovative governance structure contribute to its prominence in the crypto space.
In Summary:
Pyth's token debut and airdrop success mark a significant milestone for the network. With a focus on decentralized governance and strong market performance, Pyth establishes itself as a key player in the evolving crypto landscape.
#Pyth #PythNetwork
🎁Don't Miss This Free Airdrop🎁
🎁Pyth Networks Airdrop🎁
According to available information, the PYTH token will have a total supply of 10 billion tokens with an initial circulating supply of 1.5 billion.
Pyth Network has earmarked almost 6% of the total tokens, or 600 million PYTH tokens, for its airdrop. The distribution includes 100 million tokens for decentralized applications (dApps), 255 million for on-chain activity by DeFi users, and 10 million for active members of the community.
The airdrop program is retroactive, rewarding longer-term users who have contributed to the network. Snapshots for on-chain and social activities have already been completed, making only those users who were previously involved in the network eligible.
“This airdrop is a cross-chain program and an expression of deep appreciation for the dedicated community of the Pyth oracle ecosystem.”
The claim process will commence around 2 PM UTC on Nov. 20 and will be available for 90 days.
Several major exchanges, including OKX, Bybit, KuCoin, and Gate.io, have promised to list PYTH on Nov. 20 for spot trading activities.
#Pyth Network
Pyth Network is a decentralized Oracle platform that provides real-time market data to smart contracts on blockchain networks.
According to OKX data, Pyth has facilitated trading volumes surpassing $80 billion and is actively used by more than 235 on-chain and off-chain applications.
DeFiLlama’s data shows that Pyth is the second-largest Oracle network, trailing only Chainlink, based on the number of protocols it secures. Pyth secures 120 protocols, safeguarding assets valued at over $1.5 billion. In contrast, Chainlink secures 357 protocols, protecting assets valued at approximately $15 billion.
The network recently posted that it “powers over 40 blockchains, securing over 90% of total value (TVS) on a third of them, and over 50% on half of them.”
Spread the love-tap that Tip button!♥️🎁
#PythNetwork #AirdropAlert #Airdrop
🎁Pyth Networks Airdrop🎁
According to available information, the PYTH token will have a total supply of 10 billion tokens with an initial circulating supply of 1.5 billion.
Pyth Network has earmarked almost 6% of the total tokens, or 600 million PYTH tokens, for its airdrop. The distribution includes 100 million tokens for decentralized applications (dApps), 255 million for on-chain activity by DeFi users, and 10 million for active members of the community.
The airdrop program is retroactive, rewarding longer-term users who have contributed to the network. Snapshots for on-chain and social activities have already been completed, making only those users who were previously involved in the network eligible.
“This airdrop is a cross-chain program and an expression of deep appreciation for the dedicated community of the Pyth oracle ecosystem.”
The claim process will commence around 2 PM UTC on Nov. 20 and will be available for 90 days.
Several major exchanges, including OKX, Bybit, KuCoin, and Gate.io, have promised to list PYTH on Nov. 20 for spot trading activities.
#Pyth Network
Pyth Network is a decentralized Oracle platform that provides real-time market data to smart contracts on blockchain networks.
According to OKX data, Pyth has facilitated trading volumes surpassing $80 billion and is actively used by more than 235 on-chain and off-chain applications.
DeFiLlama’s data shows that Pyth is the second-largest Oracle network, trailing only Chainlink, based on the number of protocols it secures. Pyth secures 120 protocols, safeguarding assets valued at over $1.5 billion. In contrast, Chainlink secures 357 protocols, protecting assets valued at approximately $15 billion.
The network recently posted that it “powers over 40 blockchains, securing over 90% of total value (TVS) on a third of them, and over 50% on half of them.”
Spread the love-tap that Tip button!♥️🎁
#PythNetwork #AirdropAlert #Airdrop
What is Pyth Network? Let's Explore the PYTH Token
#Write2Earn Pyth Network is an integral part of the Solana ecosystem, garnering interest from over 50 global investors. So, what is Pyth Network? Let's explore in the following article with @WISE CRYPTO NEWS What is Pyth Network?Pyth Network is an advanced oracle solution that provides highly accurate market data from professional traders and exchanges for smart contracts. The main goal of Pyth Network is to ensure the provision of prices for every asset on the blockchain while empowering data owners and users.What is Pyth Network?Currently, Pyth Network focuses not only on pricing data for the crypto, forex, stocks, and commodities markets but also provides data solutions for developers to build decentralized applications within the Web3 space.What is the operational mechanism of PYTH?The operation mechanism of PYTH involves encouraging users to provide prices for various types of assets. There are three main user groups in the Pyth Network system:Publishers: These are data price providers who receive corresponding fees. Publishers can be traders, exchanges, or other organizations with access to accurate price informationConsumers: Users who utilize the price data provided by Publishers. Consumers can be blockchain protocols, decentralized applications (dApps), or other organizations in need of price data for their operations.Delegators: Participants who stake PYTH tokens and earn fees from this activity. Delegators play a crucial role in enhancing the security and reliability of the Pyth Network.The operational diagram of Pyth Network.The user groups interact with each other through four main mechanisms:Price Aggregation Mechanism: By aggregating prices from various Publishers, this mechanism generates a single, accurate, and reliable price. It helps prevent price manipulation by one or more entities with malicious intent.Data Staking Mechanism: This mechanism determines the stake of participants in staking and distributes fees from staking activities within the Pyth Network. Users receive rewards upon successful completion of staking tasks.Reward Distribution Mechanism: This fair and transparent mechanism distributes rewards to Publishers, incentivizing them to provide accurate price data.Governance Mechanism: Responsible for managing other mechanisms within the Pyth Network ecosystem. This includes tasks such as approving tokens, determining input data fees and common usage, as well as defining PYTH tokens in the staking mechanism.What are the Notable Features of Pyth Network?Pyth Network possesses several notable features, including:Speed: Pyth Network is a reliable market data source that is continuously updated with low latency, at just 400ms (equivalent to 200 thousand updates per day). The data provided by Pyth extends beyond various types of crypto assets to include harder-to-obtain assets such as U.S. stocks, forex pairs, and metal prices.Free of Charge: Pyth Network offers data and open-source completely free of charge. However, users can opt to pay for data to enhance security and guard against the risk of information theft.How to input data into Pyth NetworkAccuracy: Data from Pyth Network is collected from reliable sources such as exchanges, brokers, and financial institutions. This ensures that the information is consistently updated and highly accurate.Security: Pyth Network places a strong emphasis on security and information reliability. PYTH data is protected through security measures such as trust boundaries, minimum provider rules, strict data source compliance checks, and economic incentivization for protocol developers.Information about PYTH TokenToken MetricsToken Name: Pyth TokenTicker: PYTHBlockchain: SolanaToken Standard: SPLTotal Supply: 10,000,000,000 PYTHInitial Circulating Supply: 1,500,000,000 (15%)Token AllocationThe quantity of PYTH tokens will be evenly distributed and unlocked according to a schedule from 6 to 42 months after the launch.Token AllocationPublisher Rewards: 22%Ecosystem Growth: 52%Protocol Development: 10%Community and Launch: 6%Private Sales: 10%Token Vesting Schedule85% of the total token supply of PYTH will be initially locked and unlocked in phases at 6, 18, 30, and 42 months after the token launch.Publisher Rewards (22%): 2% will be unlocked immediately after the Token Generation Event (TGE), then locked for 6 months. Every 12 months, a linear unlock will occur over the subsequent 42 months.Protocol Development (10%): 15% will be unlocked right after TGE and locked for 6 months, followed by gradual vesting over the next 42 months. Unlocking occurs every 12 months.Ecosystem Growth (52%): 13% will be unlocked immediately after TGE, then locked for 6 months, and continue vesting over the next 42 months. Unlocking occurs every 12 months.Private Sales (10%): Locked for 6 months, followed by vesting over the next 42 months. Unlocking occurs every 12 months.Community & Launch (6%): Entirely unlocked from the start with no specified lockup period.$PYTH Project Development Team#investors and PartnersTo become a companion with Pyth, individuals or organizations can opt to become Consumers or Publishers in the Developers section of the Pyth Network. #PYTH has attracted interest from many investors and potential partners such as Alameda Research, AAX, Akuna Capital...Conclusion In conclusion, Pyth Network revolutionizes the market by providing reliable, real-time data across various asset classes. What sets Pyth apart is its swift, accurate, and free data delivery, making it a compelling choice for both consumers and publishers. With notable investors and partners onboard, what is #PythNetwork emerges as a promising force in the blockchain ecosystem.Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.#TrendingTopic
No time to skip 5 confirmed airdrops for $PYTH stakers this month.
Spend a few minutes now and receive $5000 in the future.
✦ Time - 20 minutes
✦ Cost - $25
✦Potential: $5,000
Head to
👇🧵
@PythNetwork is an innovative decentralized oracle that receives financial market data from over 90 external channels, including major exchanges and market-making companies worldwide (such as CBOE, Binance, OKX, Bybit, etc.), and distributes them across 40+ blockchains.
$PYTH Stakers are next in line to receive airdrops
✦I have prepared a step-by-step instruction for you with video clips.
✦Bookmark it so you don't lose the
Airdrop strategy
✦ Head to: phantom.app/download
✦Download the wallet for your browser.
Buy and withdraw $SOL.
✦Use any available CEX
✦We buy $SOL tokens and withdraw them to the wallet
✦The minimum purchase for the airdrop is $25.
Swap $SOL
✦Head to: raydium.io/swap/
✦Swap $SOL for $PYTH $25 or more
Staking
✦ Head to: staking.pyth.network
✦ Connect Phantom wallet.
✦ Stake $PYTH tokens
Projects with airdrop for $PYTH stakers
@cega_fi
@ZetaMarkets
@monad_xyz
@DriftProtocol
@marginfi
Airdrops for $PYTH stakers will be based on:
✦Amount of staked tokens.
✦Staking period
Conclusion.
✦Here is a convenient Dune control panel for tracking your staker position among others.
✦
#BTC #Pyth #AirdropOpportunity #airdrops #PythNetwork
Spend a few minutes now and receive $5000 in the future.
✦ Time - 20 minutes
✦ Cost - $25
✦Potential: $5,000
Head to
👇🧵
@PythNetwork is an innovative decentralized oracle that receives financial market data from over 90 external channels, including major exchanges and market-making companies worldwide (such as CBOE, Binance, OKX, Bybit, etc.), and distributes them across 40+ blockchains.
$PYTH Stakers are next in line to receive airdrops
✦I have prepared a step-by-step instruction for you with video clips.
✦Bookmark it so you don't lose the
Airdrop strategy
✦ Head to: phantom.app/download
✦Download the wallet for your browser.
Buy and withdraw $SOL.
✦Use any available CEX
✦We buy $SOL tokens and withdraw them to the wallet
✦The minimum purchase for the airdrop is $25.
Swap $SOL
✦Head to: raydium.io/swap/
✦Swap $SOL for $PYTH $25 or more
Staking
✦ Head to: staking.pyth.network
✦ Connect Phantom wallet.
✦ Stake $PYTH tokens
Projects with airdrop for $PYTH stakers
@cega_fi
@ZetaMarkets
@monad_xyz
@DriftProtocol
@marginfi
Airdrops for $PYTH stakers will be based on:
✦Amount of staked tokens.
✦Staking period
Conclusion.
✦Here is a convenient Dune control panel for tracking your staker position among others.
✦
#BTC #Pyth #AirdropOpportunity #airdrops #PythNetwork
High-Yielding Altcoins Dominating This Week
The beginning of 2024 brought turbulence to crypto markets, leaving investors cautious despite recent gains. Notably, altcoins have outperformed Bitcoin, showcasing significant surges in value.
Cryptos Headlines Platform Has Launched Its Native Token, Early Public Sale Is Live On CryptosHeadlinesToken.com
In the final quarter of 2023, cryptocurrencies experienced remarkable surges, but 2024 has proven to be a volatile year. Despite Bitcoin’s recovery from bear market conditions that saw it drop to $15,000 in 2022, reaching $49,000 in early 2024, investor hesitation persists in the crypto market.
Altcoin Market Analysis and Top Performers
In the early days of 2024, altcoins witnessed sharp rises, particularly after the ETF decision, contrasting with Bitcoin’s performance. However, this bullish trend was short-lived, leading to a negative outlook in the market.
As days pass in the crypto market, Bitcoin’s price appears to find support due to the decline in GBTC sales, potentially indicating a similar trend for altcoins. According to CMC data, let’s explore the top 5 performing altcoins of the past 7 days.
At the forefront of this list is Chainlink (LINK), which, at the time of writing, has experienced a significant surge in price following recent news. Despite intraday fluctuations, LINK has surged by 27.67% over a 7-day period, trading around the $18 level.
Moreover, LINK’s 24-hour trading volume witnessed a 29% increase, surpassing $1.5 billion, contributing to an overall volume uptick of 4%, exceeding $10 billion.
Top Altcoins Performance in the Past Week
Taking the second spot on the list is Ronin (RON), boasting a weekly gain of 22%. Despite a slight 1.69% dip in the last 24 hours, RON has delivered a solid 26.48% return to its investors over the past 7 days, currently trading at the $2.83 level.
Meanwhile, Pyth Network (PYTH) has witnessed a remarkable surge in trading volume, soaring by 282% in the last 24 hours to surpass $380 million. This surge underscores significant investor interest in the altcoin.
Among the standout performers this week are Ronin (RON) and Pendle (PENDLE). RON has seen its price climb by 22.84% over the week to reach $2.83, while PENDLE has surged by 19.10% to $2.87.
Lastly, Render (RNDR) secured the fifth position among altcoins delivering gains to investors over the past 7 days. Despite a modest 1.5% increase during the day, RNDR has surged by 18.57% over the week, reaching a price of $4.65.
Bitcoin (BTC) Price Stability Amid Altcoin Weakness
In an environment where altcoins are also experiencing a loss of strength, Bitcoin (BTC) appears to be stabilizing. Throughout the day, BTC has been trading around the $43,000 level, albeit still distant from the $49,000 level observed a few weeks ago.
As of the time of writing, Bitcoin’s 24-hour trading volume stands just above $18.5 billion, reflecting a 15% decrease. However, its overall volume remains below $850 billion, indicating a marginal decline of 0.09%.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#PythNetwork #RION #Chainlink #Altcoin #Cryptocurrency
Cryptos Headlines Platform Has Launched Its Native Token, Early Public Sale Is Live On CryptosHeadlinesToken.com
In the final quarter of 2023, cryptocurrencies experienced remarkable surges, but 2024 has proven to be a volatile year. Despite Bitcoin’s recovery from bear market conditions that saw it drop to $15,000 in 2022, reaching $49,000 in early 2024, investor hesitation persists in the crypto market.
Altcoin Market Analysis and Top Performers
In the early days of 2024, altcoins witnessed sharp rises, particularly after the ETF decision, contrasting with Bitcoin’s performance. However, this bullish trend was short-lived, leading to a negative outlook in the market.
As days pass in the crypto market, Bitcoin’s price appears to find support due to the decline in GBTC sales, potentially indicating a similar trend for altcoins. According to CMC data, let’s explore the top 5 performing altcoins of the past 7 days.
At the forefront of this list is Chainlink (LINK), which, at the time of writing, has experienced a significant surge in price following recent news. Despite intraday fluctuations, LINK has surged by 27.67% over a 7-day period, trading around the $18 level.
Moreover, LINK’s 24-hour trading volume witnessed a 29% increase, surpassing $1.5 billion, contributing to an overall volume uptick of 4%, exceeding $10 billion.
Top Altcoins Performance in the Past Week
Taking the second spot on the list is Ronin (RON), boasting a weekly gain of 22%. Despite a slight 1.69% dip in the last 24 hours, RON has delivered a solid 26.48% return to its investors over the past 7 days, currently trading at the $2.83 level.
Meanwhile, Pyth Network (PYTH) has witnessed a remarkable surge in trading volume, soaring by 282% in the last 24 hours to surpass $380 million. This surge underscores significant investor interest in the altcoin.
Among the standout performers this week are Ronin (RON) and Pendle (PENDLE). RON has seen its price climb by 22.84% over the week to reach $2.83, while PENDLE has surged by 19.10% to $2.87.
Lastly, Render (RNDR) secured the fifth position among altcoins delivering gains to investors over the past 7 days. Despite a modest 1.5% increase during the day, RNDR has surged by 18.57% over the week, reaching a price of $4.65.
Bitcoin (BTC) Price Stability Amid Altcoin Weakness
In an environment where altcoins are also experiencing a loss of strength, Bitcoin (BTC) appears to be stabilizing. Throughout the day, BTC has been trading around the $43,000 level, albeit still distant from the $49,000 level observed a few weeks ago.
As of the time of writing, Bitcoin’s 24-hour trading volume stands just above $18.5 billion, reflecting a 15% decrease. However, its overall volume remains below $850 billion, indicating a marginal decline of 0.09%.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#PythNetwork #RION #Chainlink #Altcoin #Cryptocurrency
$XRP vs $BTC is a popular debate among crypto enthusiasts due to the different nature of the project with the same vision.
After the recent development in Ripple vs SEC case, the popularity and adoption of XRP have increased.
Coinbase, Kraken, and other giant crypto exchanges have re-enabled the trading of XRP tokens.
XRP has surpassed Bitcoin in daily trading volume of Bitcoin according to some blockchain news websites.
The crypto world has witnessed a remarkable growth in the recent years. Also known as the original crypto, Bitcoin (BTC) is still the top cryptocurrency in the market. However, in recent years, many cryptos have emerged as serious competitors that are challenging Bitcoin’s dominance. One such contender is XRP which is 4th largest crypto project in the market.
XRP token is gaining popularity in the crypto world due to the recent development in the ongoing court case with the United States Securities and Exchange Board (SEC) where the court ruled out that the XRP token is not a security. The XRP holders and enthusiasts pumped the token by 70% overnight. The sudden growth in the XRP tokens has gained the eyes of investors, as well as many exchanges that relist the token for trading.
Industry leaders such as Coinbase have hailed the Ripple team for its recent win in Ripple vs SEC case. #XRP is in the market with a long-term vision that can disrupt global finance. Ripple Labs, which is the owner and operator of #XRP tokens, aims to revolutionize the global payment ecosystem. In the crowd of altcoins, XRP has emerged as a strong project. Here we will analyze the XRP vs Bitcoin debate and explore the potential for XRP if it can overtake BTC in the future.
#WhaleAlert #BTC #PythNetwork
After the recent development in Ripple vs SEC case, the popularity and adoption of XRP have increased.
Coinbase, Kraken, and other giant crypto exchanges have re-enabled the trading of XRP tokens.
XRP has surpassed Bitcoin in daily trading volume of Bitcoin according to some blockchain news websites.
The crypto world has witnessed a remarkable growth in the recent years. Also known as the original crypto, Bitcoin (BTC) is still the top cryptocurrency in the market. However, in recent years, many cryptos have emerged as serious competitors that are challenging Bitcoin’s dominance. One such contender is XRP which is 4th largest crypto project in the market.
XRP token is gaining popularity in the crypto world due to the recent development in the ongoing court case with the United States Securities and Exchange Board (SEC) where the court ruled out that the XRP token is not a security. The XRP holders and enthusiasts pumped the token by 70% overnight. The sudden growth in the XRP tokens has gained the eyes of investors, as well as many exchanges that relist the token for trading.
Industry leaders such as Coinbase have hailed the Ripple team for its recent win in Ripple vs SEC case. #XRP is in the market with a long-term vision that can disrupt global finance. Ripple Labs, which is the owner and operator of #XRP tokens, aims to revolutionize the global payment ecosystem. In the crowd of altcoins, XRP has emerged as a strong project. Here we will analyze the XRP vs Bitcoin debate and explore the potential for XRP if it can overtake BTC in the future.
#WhaleAlert #BTC #PythNetwork
🔴 The price of $PYTH has rallied by 25% in the past 24 hours. Why?
📈 The rally comes after #Binance announced the listing of #PythNetwork $PYTH token with the Seed Tag applied.
The Seed Tag is applied to new tokens that Binance
believes will exhibit higher volatility and risks 👀
#Binancelisting
📈 The rally comes after #Binance announced the listing of #PythNetwork $PYTH token with the Seed Tag applied.
The Seed Tag is applied to new tokens that Binance
believes will exhibit higher volatility and risks 👀
#Binancelisting
Decoding Pyth Network: A Revolutionary Blockchain Oracle
Introduction
In the ever-evolving landscape of decentralized applications (DApps), the role of smart contracts has been transformative, offering enhanced transparency and security. However, a critical challenge persists – these innovations often function in isolated environments, detached from real-time events. Enter Pyth Network, a groundbreaking blockchain oracle designed to bridge the gap between blockchains and real-time data sources. This post provides an in-depth exploration of Pyth Network, sheds light on the PYTH token, and unveils its emergence as a dominant force in decentralized finance (DeFi).
1. Pyth Network Unveiled
What is Pyth Network?A decentralized, pull-based blockchain oracle.Specializes in collecting real-time, high-quality price data for a range of assets.Launched on the Solana blockchain, integrating over 90 exchanges, market makers, and financial service providers.Provides continuous on-chain updates every 400 milliseconds.Impressive Growth:Despite a recent launch in August 2021, Pyth Network supports over $80 billion in trading volume.Used by 200+ applications on- and off-chain, highlighting its significance in the DeFi space.
2. Understanding Blockchain Oracles
The Crucial Role:Serves as a bridge between real-world data and blockchain networks.Translates off-chain data into on-chain insights.Essential for smart contracts to make informed decisions based on real-world events.
3. Pyth Network's Operational Mechanism
Decentralized Architecture:Aggregates real-time data from a diverse network of publishers, including exchanges and financial institutions.Guarantees data integrity, transparency, and reliability.Ideal for high-throughput DeFi ecosystems.On-Demand, Pull Nature:Pyth Network operates on a pull model, streamlining the update process.Updates are created on Pythnet and streamed off-chain via the Wormhole Network on Solana.Promotes gas efficiency and lower latency, a boon for users.
4. Key Innovations of Pyth Network
Unmatched Oracle Update Frequencies:Operating on Solana's high-performance blockchain ensures near-instantaneous data updates.Frequencies reaching 400 milliseconds provide real-time information vital for DeFi applications.Data Confidence Intervals:Pyth sets a new standard by publishing confidence intervals for all price feeds.Certainty measure for asset prices, ensuring continuous availability during market volatility.Use of First-Party Data:Pyth Network aggregates first-party price feeds, minimizing the risk of manipulation.Data from established financial institutions enhances transparency and integrity.
5. PYTH Tokenomics
Core of Pyth Network's Ecosystem:Max supply of 10 billion PYTH tokens.15% (1.5 billion) in initial circulation, remaining 85% subject to vesting over intervals.PYTH holders participate in on-chain governance through the Pyth DAO, influencing key aspects of development.
6. Pyth Network Retrospective Airdrop
Eligibility and Claiming Process:Participants interacting with DApps using Pyth data and active community members eligible.Claiming process involves visiting the airdrop claim page, selecting ecosystems, connecting wallets, and completing the process.
Conclusion: Paving the Way for DeFi's Evolution
In a landscape marked by isolation, Pyth Network emerges as a pivotal intermediary, connecting real-world data with on-chain operations. Its commitment to accuracy, real-time updates, and data confidence intervals positions Pyth as a catalyst for the evolution of decentralized finance. As Pyth envisions revolutionizing how DeFi protocols access high-fidelity financial data, the future promises unprecedented advancements in the realm of decentralized finance.
$PYTH
#PYTH #PythNetwork
In the ever-evolving landscape of decentralized applications (DApps), the role of smart contracts has been transformative, offering enhanced transparency and security. However, a critical challenge persists – these innovations often function in isolated environments, detached from real-time events. Enter Pyth Network, a groundbreaking blockchain oracle designed to bridge the gap between blockchains and real-time data sources. This post provides an in-depth exploration of Pyth Network, sheds light on the PYTH token, and unveils its emergence as a dominant force in decentralized finance (DeFi).
1. Pyth Network Unveiled
What is Pyth Network?A decentralized, pull-based blockchain oracle.Specializes in collecting real-time, high-quality price data for a range of assets.Launched on the Solana blockchain, integrating over 90 exchanges, market makers, and financial service providers.Provides continuous on-chain updates every 400 milliseconds.Impressive Growth:Despite a recent launch in August 2021, Pyth Network supports over $80 billion in trading volume.Used by 200+ applications on- and off-chain, highlighting its significance in the DeFi space.
2. Understanding Blockchain Oracles
The Crucial Role:Serves as a bridge between real-world data and blockchain networks.Translates off-chain data into on-chain insights.Essential for smart contracts to make informed decisions based on real-world events.
3. Pyth Network's Operational Mechanism
Decentralized Architecture:Aggregates real-time data from a diverse network of publishers, including exchanges and financial institutions.Guarantees data integrity, transparency, and reliability.Ideal for high-throughput DeFi ecosystems.On-Demand, Pull Nature:Pyth Network operates on a pull model, streamlining the update process.Updates are created on Pythnet and streamed off-chain via the Wormhole Network on Solana.Promotes gas efficiency and lower latency, a boon for users.
4. Key Innovations of Pyth Network
Unmatched Oracle Update Frequencies:Operating on Solana's high-performance blockchain ensures near-instantaneous data updates.Frequencies reaching 400 milliseconds provide real-time information vital for DeFi applications.Data Confidence Intervals:Pyth sets a new standard by publishing confidence intervals for all price feeds.Certainty measure for asset prices, ensuring continuous availability during market volatility.Use of First-Party Data:Pyth Network aggregates first-party price feeds, minimizing the risk of manipulation.Data from established financial institutions enhances transparency and integrity.
5. PYTH Tokenomics
Core of Pyth Network's Ecosystem:Max supply of 10 billion PYTH tokens.15% (1.5 billion) in initial circulation, remaining 85% subject to vesting over intervals.PYTH holders participate in on-chain governance through the Pyth DAO, influencing key aspects of development.
6. Pyth Network Retrospective Airdrop
Eligibility and Claiming Process:Participants interacting with DApps using Pyth data and active community members eligible.Claiming process involves visiting the airdrop claim page, selecting ecosystems, connecting wallets, and completing the process.
Conclusion: Paving the Way for DeFi's Evolution
In a landscape marked by isolation, Pyth Network emerges as a pivotal intermediary, connecting real-world data with on-chain operations. Its commitment to accuracy, real-time updates, and data confidence intervals positions Pyth as a catalyst for the evolution of decentralized finance. As Pyth envisions revolutionizing how DeFi protocols access high-fidelity financial data, the future promises unprecedented advancements in the realm of decentralized finance.
$PYTH
#PYTH #PythNetwork
🔗 Oracle solution Pyth Network announces plans for an airdrop of 600 million PYTH tokens (6% of the supply) to 75,000 eligible wallets. 🪂💼 #PythNetwork #CryptoAirdrop 🌐💻
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Guide to PYTH Staking for Airdrop Opportunities
#ALT Currently, numerous projects are utilizing the oracle services provided by #PythNetwork , and some of these projects do not yet have their own tokens.There is a possibility that they will airdrop tokens to PYTH stakers upon the token's launch. In the following article, @WISE CRYPTO NEWS will guide you on how to stake PYTH to potentially receive airdrops from various promising projects.Introduction to Pyth Network (#Pyth )Pyth #networks is an oracle solution that provides highly accurate market data from professional traders and #exchanges for smart contracts. The goal of Pyth Network is to offer prices for every asset on the blockchain and empower asset owners and data users. Currently, many projects are utilizing the oracle services provided by Pyth Network.The potential to receive airdrops from projects using Pyth Network's services is high when staking PYTH, similar to projects utilizing Celestia's Data Availability (DA) service that airdropped to $TIA stakers.Guide to PYTH StakingStep 1: Download the Phantom wallet extension to your browser and create a new wallet.Step 2: Purchase PYTH and transfer it to your wallet; you can buy PYTH from centralized exchanges (CEX) such as Binance, OKX, Bybit, etc.Note: Make sure to have additional $SOL for gas fees on the Solana network.Step 3: Visit staking.pyth.network, then click on STAKE.Step 4: Choose the amount of tokens you want to stake, then click STAKE. Confirm the transaction on your Phantom wallet to complete the process.Note: If you decide to unstake, the system will automatically unlock your PYTH every Thursday.Step 5: Visit tinyurl.com/pyth-vote and proceed to vote on various Proposals.Guide to Obtaining Roles in Pyth Network DiscordStep 1: Access the Pyth Network Discord channel and verify your identity.Step 2: Claim the Pythian role.Visit the "claim-pythian" channel and click on the snake emoji to claim the Pythian role.Step 3: Claim the Pyth Holder role.To obtain this role, you need to hold at least 1 PYTH in your wallet, and this PYTH should not be staked. Access the "pyth-holders-verify" channel, then click on the link https://matrica.io/.On the matrica.io website, connect with the wallet containing your PYTH tokens. Go to settings and link your account with Discord.Wait for some time for the system to update. Once successful, the Pyth Network logo will appear next to your name.ConclusionThe above instructions from @WISE CRYPTO NEWS cover all the steps to stake PYTH tokens and increase your chances of receiving airdrops from projects within the Pyth Network ecosystem. We wish you success in your endeavors and hope you receive airdrops soon.Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.
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