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The Pyth Network has recently experienced a remarkable price surge, with its native token PYTH soaring by 13% following the launch of its new lisUSD/USD price feed. This innovative price feed is specifically designed for lisUSD, a decentralized and unbiased stablecoin, and is now accessible on more than 55 blockchains.
Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.
Over $1 billion in token unlocks will hit the cryptocurrency market starting on Monday, May 20. This could result in a massive sell-off event, mainly affecting Pyth Network (PYTH) and Avalanche (AVAX) investors.
Pyth launched a $50 million grant program.
The Pyth Data Association has launched the Pyth Ecosystem Grants Program, offering $50 million in PYTH grants to eligible community members, as per the latest information shared with Finbold on May 16.
In just two years, Pyth Network has achieved remarkable milestones: expanding to over 55 blockchains, securing $300 billion in total volume, and integrating with more than 350 applications. To understand the factors behind this growth and its impact on the blockchain ecosystem, Invezz spoke Michael Cahill – CEO, Douro Labs (Core Contributor to Pyth).
May sees major token unlock event for crypto projects like Aavo, Pyth Network, Starknet with over $2 billion in tokens set to release. The post Pyth Network, Aavo, Memecoin, and Starknet set for over $2 billion token unlock this month appeared first on Crypto Briefing.
The crypto market will experience its second token unlock of over $3 billion for this year in May, according to Token Unlocks data. Token unlocks involve the gradual release of coins initially held to discourage early investors or team members from rapidly selling their large-volume holdings.
May 2023 is poised to become a landmark month for the crypto market, with major token releases slated to inject substantial liquidity and potentially catalyze shifts in market dynamics. Key developments from AEVO and PYTH and significant contributions from other projects are set to channel over $3 billion into the sector.
Over $3.661B in tokens, including AEVO PYTH exceeding $1B.
As May approaches, BeInCrypto has identified noteworthy token unlock events set to influence the market. According to data from TokenUnlocks, in May 2024, the crypto market will see the release of approximately $3.58 billion worth of tokens into circulation.
Here are all the crypto projects are unlocking hundreds of millions of dollars worth of tokens in the month of May.
The partnership brings over 500 real-time price feeds to Morph's testnet, empowering DeFi developers with reliable data. The post Pyth Network boosts Morph DeFi ecosystem with real-time price feeds appeared first on Crypto Briefing.
The digital currency market is abuzz with speculation about an upcoming altcoin season. Analysts, drawing insights from historical trends, suggest that a potential shift could be looming, propelled by compelling indicators. Ben Armstrong, known for his insights into the cryptocurrency market, recently shared his perspective on seven cryptocurrencies he deems as robust investment choices.
Pyth Network partners with Portofino Technologies to improve its crypto data feeds, ensuring real-time price accuracy.
Portofino Technologies, a crypto startup specializing in market making, token services, and Web3 investments, has joined Pyth Network as a new data provider community, according to the info shared with Finbold on April 10.
Discover how Pyth Network's oracle services are challenging industry leaders and innovating in the DeFi space with cost-efficient models.
These are the two latest price feed tickers available at Pyth Network.
Pyth Network, a leading provider of decentralized financial data, has announced the release of its highly anticipated W/USD price feed alongside the introduction of the USDB stablecoin. These developments mark significant milestones for the network and are poised to enhance its capabilities within the burgeoning decentralized finance (DeFi) landscape.
Amidst a bustling altcoin season, April unveils potential for five standout tokens. Bonk emerges as a leading Solana memecoin, while Jupiter eyes gain within Solana's ecosystem surge.
Pyth Network, a financial data oracle network, and Caldera, the modular blockchain platform, have announced the integration of rollups and Oracle data, according to information shared with Finbold on March 27.
Pyth Network partners with Merlin to bring Pyth's real-time price feeds to Merlin Chain, enhancing dApps on Bitcoin layer 2 chain.
Pyth Network has revealed a new collaboration with a decentralized exchange Ambient, popular for its unique 2-sided AMMs. According to the press release, the strategic alliance aims to enhance Pyth Network's data security and quality. Further, web3 developers will access transparent and more efficient price feeds. Ambient will contribute real-time price feeds to Pyth Network.
Pyth Network partners with Ambient to improve its price feeds, offering Web3 developers enhanced data quality and security.
