After gifting $140 million worth of free tokens to cryptocurrency users NovemberBased on the highest price of the token, DeFi oracles network Pyth is back with a second airdrop. This time it is for creators of decentralized applications (dapps) built on the network.
Starting today, 167 dapp creators leveraging Pyth data can collect a total of 100 million PYTH tokens in the second phase of the airdrop. According to data from , the tokens are worth $49 million at the time of writing. CoinGecko.
Decentralized apps that can benefit from the airdrop are listed on the Pyth website. These include decentralized exchanges (DEXs), structured products, stablecoin protocols, data analytics projects, and borrowing/lending services.
Some of the more well-known dapps and protocols on the list include: Jupiter, Solendno. Ronin Network, stack, heliumand mango market.
Late last year, Pyth SolanaIt uses native PYTH tokens as a means of rewarding users, community members, and client applications. The first phase of the PYTH airdrop released 255 million PYTH tokens to early users of the network, which is now worth over $122 million.
Since the first phase of the airdrop began on November 20, more than 51,000 users have claimed a total of over 163 million PYTH tokens per network. This leaves 36% of the PYTH tokens allocated to early users still unclaimed.
The initial circulating supply of PYTH is 1.5 billion tokens, which will ultimately grow to 10 billion tokens over the next 3-5 years. roadmap. The gradual increase in token supply is set to take just over three months.
In addition to allocations for early users and client dapps, 10 million PYTH has been allocated for active community members.
Pyth, an oracle network, allows for DeFi by connecting blockchains with data sources in the off-chain world. smart contract It reacts to and integrates real-world events and data that occur beyond cryptocurrency.
Pyth is currently the fourth largest oracle network by total value secured, with a market share of 6.55%. Defy Flame. This is higher than the 4.75% increase when the PYTH airdrop was launched in late fall.
Editor: Andrew Hayward
