A competitor of blockchain oracle provider Chainlink (LINK) has announced new airdrops for over 160 decentralized applications (Dapps).
In a new blog post, data collection service Pyth Network (PYTH) revealed that it is launching the second phase of its Retrospective Airdrop initiative, offering free tokens to any Dapp that uses data provided by Pyth.
“Readers can soon expect their favorite (Pyth-using) applications to announce their plans for receiving PYTH governance tokens and what they will do with them.”
The plan was first launched in November 2023 and at the time became the largest cross-chain airdrop of all time. According to Pyth, 51,000 users have currently requested over 163 million PYTH tokens, representing 65% of all airdrops.
“In the first phase of the airdrop program, we oversaw the distribution of PYTH tokens to Decentralized Finance (DeFi) participants, from the Ethereum Virtual Machine (EVM) to Cosmos to Solana interacting with Pyth-based applications. Active community members of the Pythian community also received allocations…
The second phase of the airdrop program involves distributing PYTH tokens to over 160 decentralized applications using Pyth Data. These applications use price data from Pyth to secure protocol operations for trading, asset valuation, and on-chain payments in general.”
According to Pyth, its programs span across the DeFi space, including decentralized exchanges (DEXs), cryptocurrency lending protocols, stablecoin issuers, and other data analytics platforms.
PYTH is trading at $0.468 at the time of this writing. It is down 1.1% in the last 24 hours and 15% below the seven-day high of $0.539 set on February 1.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us TwitterFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Featured image: Shutterstock/Sergey Nivens/Vladimir Sazonov