Why the Pyth Network Hype?

[Captainsaudi]

Pyth network is a blockchain oracle that is designed to provide reliable, low-latency market data from institutional sources to secure smart contracts with high-fidelity oracle feeds. It is the largest first-party Oracle network for publishing financial market data on-chain, sourcing its data from over 90 first-party data providers, including some of the biggest exchanges and market makers. The network aggregates data from these sources and sends it directly to Solana nodes for aggregation, ensuring that the network provides more trustworthy data than other third-party aggregators. Pyth Network's data feeds are engineered to meet the security, accuracy, and reliability standards of DeFi, and 230+ apps trust Pyth data, including DEXs, lending protocols, and derivatives platforms.

While Pyth Network is a significant player in the Solana ecosystem, it is not the only one. Other oracle networks such as Chainlink and Band Protocol also provide similar services.

So why is Pyth network trending? The project airdropped over 255 million tokens to up to 90k Solana wallets, this sparked a lot of interest and generated huge exposure for the project. So many top-tier exchanges have already listed the token though price dip after listing, it is expected for an airdropped project. Users who missed the airdrop have resorted to other means of earning free airdrops like the Bitget 10K deposit and trade opportunity.

 

[Maxicreed]

What could be the modalities for the distribution of the reward pool and perhaps, how many days are we looking at before the reward pool would be distributed?

 

[Captainsaudi]

What could be the modalities for the distribution of the reward pool and perhaps, how many days are we looking at before the reward pool would be distributed?

The campaign is for both new and existing users of the exchange. You can check the announcement page for more information

https://www.bitget.com/support/articles/12560603800610

 

[BashirJasper]

Pyth network is a blockchain oracle that is designed to provide reliable, low-latency market data from institutional sources to secure smart contracts with high-fidelity oracle feeds. It is the largest first-party Oracle network for publishing financial market data on-chain, sourcing its data from over 90 first-party data providers, including some of the biggest exchanges and market makers. The network aggregates data from these sources and sends it directly to Solana nodes for aggregation, ensuring that the network provides more trustworthy data than other third-party aggregators. Pyth Network's data feeds are engineered to meet the security, accuracy, and reliability standards of DeFi, and 230+ apps trust Pyth data, including DEXs, lending protocols, and derivatives platforms.

While Pyth Network is a significant player in the Solana ecosystem, it is not the only one. Other oracle networks such as Chainlink and Band Protocol also provide similar services.

So why is Pyth network trending? The project airdropped over 255 million tokens to up to 90k Solana wallets, this sparked a lot of interest and generated huge exposure for the project. So many top-tier exchanges have already listed the token though price dip after listing, it is expected for an airdropped project. Users who missed the airdrop have resorted to other means of earning free airdrops like the Bitget 10K deposit and trade opportunity.

PYTH has been another bullish project on the Solana chain after rallying up to 57% yesterday. I believe more will come after the next upgrade on Solana chain.

 

[ImamShaheb]

The campaign is for both new and existing users of the exchange. You can check the announcement page for more information

https://www.bitget.com/support/articles/12560603800610

Participated.... These kinda events are really appreciative of this bear market.

 

[ImamShaheb]

Pyth network is a blockchain oracle that is designed to provide reliable, low-latency market data from institutional sources to secure smart contracts with high-fidelity oracle feeds. It is the largest first-party Oracle network for publishing financial market data on-chain, sourcing its data from over 90 first-party data providers, including some of the biggest exchanges and market makers. The network aggregates data from these sources and sends it directly to Solana nodes for aggregation, ensuring that the network provides more trustworthy data than other third-party aggregators. Pyth Network's data feeds are engineered to meet the security, accuracy, and reliability standards of DeFi, and 230+ apps trust Pyth data, including DEXs, lending protocols, and derivatives platforms.

While Pyth Network is a significant player in the Solana ecosystem, it is not the only one. Other oracle networks such as Chainlink and Band Protocol also provide similar services.

So why is Pyth network trending? The project airdropped over 255 million tokens to up to 90k Solana wallets, this sparked a lot of interest and generated huge exposure for the project. So many top-tier exchanges have already listed the token though price dip after listing, it is expected for an airdropped project. Users who missed the airdrop have resorted to other means of earning free airdrops like the Bitget 10K deposit and trade opportunity.

Even without the event, PYTH is worth accumulating...

 

[Isi24]

Even without the event, PYTH is worth accumulating... View attachment 59664

Well I got lucky during the event and stacked it up with the one I already bought..

 

[ImamShaheb]

Well I got lucky during the event and stacked it up with the one I already bought..

Perfectly done as it should be .... PYTH Airdrop was a huge success as well.