
Pyth Network is forecasted to reach new all-time high levels as per the price prediction for 2025. Markets are buzzing about the expansion of Grayscale’s crypto fund to include Pyth, broadening investor exposure within the Solana Ecosystem. Moreover, Grayscale's launch of the Pyth investment fund and Pyth's partnership with Revolut, a digital bank with a 45M user-base, stands to bridge the gap between cryptocurrency and traditional finance. Reports of Pyth's imminent 10% increase and a potential 400% surge highlight the growing optimism.
A key area where Pyth excels is in its commitment to real-time data, as evidenced by their project to bring live oil data feeds to DeFi, creating on-chain oil derivatives in DeFi applications. It's also reported that Pyth is working to introduce Express Relay to curb Maximum Extractable Value (MEV) in DeFi, signaling an inclination for innovation.
Another significant development was Binance’s introduction of the BNSOL Super Stake in collaboration with PYTH Network, providing Pyth APR boost airdrop rewards. The promise of Pyth's 46x growth in 2024, which challenges Chainlink's dominance, adds to the significant buzz surrounding Pyth.
Multiple European entities, VanEck and 21Shares have announced the launch of Pyth crypto ETN and ETPs respectively, further extending Pyth's reach into the global financial landscape. Reports also indicate that Chainlink might be surpassed by Pyth, which could potentially unlock over $1 billion in tokens.
With Pyth’s new dynamic governance model in place post-airdrop, featuring involvement from significant industry figures, and the debut of the Pyth token near a $500 million valuation, Pyth Network shows solid promise and potential in 2024 and beyond.
PYTH Coin News Analytics from Wed, 22 Sep 2021 07:00:00 GMT to Wed, 05 Mar 2025 13:15:00 GMT - Rating +8 - Innovation +8 - Information +10 - Rumor +9