Pyth Network Unveils Airdrop Initiative Benefiting 160+ Dapps in Challenge to Chainlink Dominance

Pyth Network (PYTH), a competitor to blockchain oracle provider Chainlink (LINK), announces a new airdrop initiative benefiting over 160 decentralized applications (Dapps). 

The second phase of the Retrospective Airdrop plan, detailed in a recent blog post, offers free tokens to all Dapps utilizing Pyth’s data services. The initial launch in November 2023 marked the largest cross-chain airdrop to date, with over 51,000 users claiming 163 million PYTH tokens, representing 65% of the total airdrop. 

This phase targets Dapps across decentralized finance (DeFi), encompassing decentralized exchanges, crypto lending protocols, stablecoin issuers, and data analytics platforms, reinforcing Pyth’s integral role in securing protocol operations. At the time of writing, PYTH trades at $0.468, reflecting a 1.1% decrease in the last 24 hours and a 15% drop from its seven-day high.

Clever Robot News Desk 8^th February 2024