Today, the U.S. Department of Commerce announced the selection of Pyth Network to verify and distribute GDP data for nine blockchains including Bitcoin and Ethereum.
The price of $PYTH skyrocketed by 40% in a short time.
Some may have certain doubts about this token, which brings some related information.
➡️ What is Pyth Network?
A decentralized oracle network that provides real-time, high-fidelity financial data and supports over 70 blockchains.
➡️ What are the advantages of Pyth Network?
1. High-frequency data: sub-second updates, suitable for high-frequency trading and DeFi.
2. Institutional endorsement: collaborates with top financial entities, making data highly credible; the selection by the U.S. Department of Commerce further enhances its authority.
3. Multi-chain support: covers over 70 blockchains, providing strong ecosystem flexibility.
Finally, here is a question that everyone is relatively concerned about.
➡️ Is $PYTH worth buying?
Currently, the upward trend is strong, but it is severely overbought, and a price reversal may occur in the short term.
Are you going for it?
