Pyth Network Airdrops $77M in PYTH Tokens to Early Users as Permissionless Mainnet Launches
-
Pyth Network airdropped $77M worth of PYTH tokens to early users, putting crypto in their wallets. The token price settled around $0.30.
-
Pyth launched its permissionless mainnet today, moving to token-based governance. Backpack exchange airdropped PYTH to users who recently staked SOL.
-
Around 90K wallets are eligible for the airdrop. 35K have claimed so far. Recipients have until Feb 18 to claim PYTH.
-
Pyth is an oracle network that connects blockchains to real-world data, allowing DeFi contracts to execute based on off-chain events.
-
Pyth is currently the 4th largest oracle network by value secured, with 4.75% market share. That's down slightly from 4.83% last week.