Pyth Network experienced remarkable 46x growth in 2024, challenging Chainlink's dominance. Through a strategic partnership, Pyth has launched price feeds on Sony's L2 solution, Soneium. The integration of high-fidelity price feed infrastructure into Sony Group's Soneium Blockchain marks an important milestone. 'Express Relay', a new service designed to combat minor extractable value (MEV), was launched by Pyth. Notable partnerships formed include collaboration with AMINA Bank and TON blockchain. These partnerships aim to enhance real-time data feeds for various sectors, including gaming and DeFi. Pyth debuted a new innovative DeFi tool aimed at slashing MEV, ultimately returning millions to dApps. Swiss Crypto Bank, AMINA, partnered with Pyth to provide accurate price feeds. Projected growth suggests Pyth's potential to become a key player in decentralized finance. Pyth continues to innovate through blockchain alliances and the launch of 'Real-Time Bitcoin ETF Price Feeds'. However, despite significant strides, buying pressure for PYTH waned as open interest hit a two-week low. An all-time low fall in PYTH's price and open interest further signaled caution to potential investors.
Pyth Network News Analytics from Tue, 03 Oct 2023 01:20:17 GMT to Wed, 11 Sep 2024 14:03:45 GMT -
Rating 5
- Innovation 8
- Information -2
- Rumor -3
