2025.8.28 On-chain View

#PYTH Analysis

Yesterday, the strongest asset was definitely $PYTH. The U.S. Department of Commerce suddenly released a message saying they would use $Pyth for on-chain economic data verification and distribution, which directly ignited the market. Last night it surged dramatically, peaking at nearly 80% increase in a single day, hitting 0.21.

Although it is still 80% away from its historical high of 1.16, being selected by the U.S. Department of Commerce indeed enhances its status. Moving forward, $PYTH may still have room for growth, but this type of coin is primarily driven by news; once the hype passes, it could see a significant correction, so caution is advised.

In fact, the U.S. Department of Commerce did not just select #Pyth ; they are also collaborating with #Chainlink to put some government macro data on-chain, having selected a total of 10 blockchains, including ARB, Avax, Base, etc. However, from the price performance perspective, $Link's response was far less strong than that of $PYTH, mainly because Link had recently surged to near its historical high, while $PYTH is still far from its historical peak, leaving it with more room for increase.

Additionally, yesterday another asset, $CWD, experienced a crazy surge, directly increasing by 1.6 times at its peak during the session, but then it also faced a massive correction. Such projects typically have poor liquidity and are heavily controlled by speculators; any positive news can trigger a sharp rise, but the risks are equally significant. Similar trends have been observed in previous instances like #Sharplink, so pursuing these U.S. stock chain reform themes without caution is genuinely not advised.