Pete Airdrop put $77 million in the wallets of crypto users

DeFi's Oracle Network Pit is strongly excited for the first time. The most anticipated token air drop On Monday, Solana-based PYTH quickly achieved an initial market capitalization of $765 million for its token. However, this figure has reached about 457 million dollars in writing CoinMarketCap.

As soon as PYTH launched this morning, the token started trading at $0.53, dropping to $0.28 a minute later. As of this writing, it has reached over $0.30. The token has seen more than $87 million in trades since its launch.

PYTH's initial supply of 1.5 billion tokens continues to grow. Token road map, with a total supply of 10 billion tokens. The increase in token supply is set to begin in six months, and will take place over the next three years.

Paiz Network has aired nearly 250 million tokens to reward early adopters, putting more than $77 million worth of crypto tokens in users' pockets, as of this writing.

Of the nearly 90,000 wallets currently eligible to receive tokens via the Pyth airdrop, more than 35,000 have already claimed their share, according to data compiled by the chain. Dune. Candidates for the airline, including users of decentralized applications (dapps) on 27 blockchains based on Pyth network data, owners of Pyth NFTs and administrators of the Pyth Discord community, will have until February 18 to claim their free tokens.

Baga new crypto exchange led by FTXs Former General Counsel And created by the same Solana-based makers NFT applicationIt also announced on Monday that PYTH tokens will be distributed to every new user who has staked SOL in the past two days.

According to this program, the exchange has downloaded PYTH to 74,000 wallets Tristan Udder, co-founder of Backpack. Holders of NFTs from Backpack's Mad Lads collection on Solana are also eligible for token distribution. Decrypt reached out to Backpack co-founder Armani Ferrante for more information about the source of the tokens, but did not immediately hear back.

Oracle networks such as Pit Connect blockchains to off-chain data sources, allowing DeFi smart contracts to execute based on inputs and outputs of real-world events and data. Paiz is currently the fourth largest such network secured by total value, with a market share of 4.75%. DeFilla. That figure shows a slight decrease last weekThe network claims 4.83% of all word of mouth business.

Edited by Andrew Hayward.