Pyth Network | PYTH & Airdrop 🪂

The price of PYTH is $0.45 today with a 24hour trading volume of 200 million dollar. Which represents a 40% price increase in the last 24 hours With a circulating supply of 1.5 Billion PYTH, Pyth Network is valued at a market cap of 675 million dollar.

The Pyth Network is first party oracle for the world’s financial data which supports more than 300 real time price feeds across major asset classes including digital assets, equities, ETFs, FX, and commodities. The network comprises exchanges, market makers, and financial services providers contributing their proprietary price data on chain for aggregation and distribution to smart contract applications.

Its a protocol that allows market participants to publish price data on-chain for smart contracts to use. The protocol is an interaction between:Data providers, who submit their proprietary price information to Pyth's oracle program. The Network has multiple data providers for every price feed to improve the accuracy and robustness of the system.Also Pyth's oracle program, which combines the providers’ data to produce a single aggregate price and confidence interval value plus Dapps, which read the price data produced by the oracle program on their native blockchain.

On 20th November, Pyth initiated an airdrop for its PYTH token. Notably built on the Solana blockchain, the airdrop attracted attention and interest in the Solana network.around 250 million tokens were allocated for the airdrop

Pyth successfully managed to break 0.36$ resistance and hit 0.46$, after a little correction it can hit 0.49 and 0.51$ too

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