Chainlink and Pyth Network have been selected by the U.S. Government to publish
economic data onchain. This has significantly caused
Pyth Network's price to surge over 70%. Besides providing economic transparency, this move has also fueled a new push for
blockchain in the U.S. This partnership is not only a significant win for both Chainlink and Pyth Network but also for numerous blockchains like Bitcoin, Ethereum, TRON, and Avalanche since Pyth plans to publish GDP data on these chains. On account of this news, Pyth Network managed to secure a place among the top 24-hour
altcoin gainers. This measure contributes largely to
blockchain adoption and marks a crucial step towards bringing real-time financial data onchain. Although there are speculations about a massive token unlock for Pyth, the crypto is still expected to perform well due to this recent development.
Grayscale has also rolled out a
crypto fund for Pyth, further expanding investor access in the Solana ecosystem.
Pyth Network is all set to bring real-time prices for major ETFs, Hong Kong stock prices, and oil data onchain for global access. With all these plans, Pyth is targeting its all-time high in 2025.
PYTH Coin News Analytics from Wed, 22 Sep 2021 07:00:00 GMT to Tue, 16 Sep 2025 19:35:58 GMT -
Rating 7
- Innovation 8
- Rumor 4