Solana-based PYTH Token Surges 10% After Second Phase Airdrop Pyth Network

[Solana-based PYTH token surges 10% after Pyth Network’s second phase airdrop]The Solana-based Pyth Network (PYTH) token is up 10.09% in the past 24 hours to hit $0.5344, and has grown 109.29% in the past 30 days, showing the market’s growing interest in the digital asset. At the same time, PYTH’s 24-hour trading volume increased by 127.60% to $177,602,231, and its market value also increased by 8.99% to $800,129,299, becoming the 82nd largest cryptocurrency by market capitalization.This market performance is related to Pyth Network’s recently announced strategic airdrop, which is an important milestone in its roadmap. The airdrop distributes 1 million PYTH tokens, approximately worth nearly $50 million, to more than 160 DeFi applications that have integrated Pyth Network’s real-time market data. The move aims to solidify Pyth Network's position as the leading provider of price predictions and incentivize diversity in Web3 applications through rewards.Projects benefiting from the airdrop include decentralized exchanges, lending protocols, and analytics platforms, further supporting the widespread adoption of the Pyth Network ecosystem. Known for its high-fidelity, low-latency price delivery and multi-asset class coverage, the success of the Pyth Network and the rise in the value of the PYTH token highlight the critical role of accurate market data in the DeFi industry. As blockchain technology advances, instant data provision becomes increasingly important to financial innovation.

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