Solana-based Pyth is newly listed on Binance, soaring 20% ​​at one point

Finally, the cash is listed on the market

On the 2nd, Binance, a major virtual currency exchange, conducted a new spot listing of the Solana-based Oracle stock “PYTH (Pyth Network)”.

#Binance will list @PythNetwork $PYTH with Seed Tag applied.

https://t.co/a1MYNiAKbA pic.twitter.com/wzU5eOJPq7

— Binance (@binance) February 2, 2024

It will be listed at 21:00 on the 2nd Japan time and will be offered in four currency pairs: PYTH/BTC, PYTH/USDT, PYTH/FDUSD, and PYTH/TRY.

Following the listing news, PYTH soared 20% at one point.

Binance began offering perpetual futures trading when PYTH launched last November, but there was no spot trading until yesterday.

PYTH Staking

PYTH token is the governance token of the Pyth Network, a decentralized oracle that operates on the Solana blockchain, and was released in the form of an airdrop in November last year.

Pyth Network launched the PYTH staking governance mechanism in January. Due to PYTH staking, there is a growing expectation that projects that use Pyth oracles will also airdrop to PYTH stakers in the future.

In fact, a DeFi protocol on zkSync called ZeroLend announced that it will also grant the token “ZERO” to PYTH stakers.

Excited to announce the first project to be listed on Zero Gravity is @PythNetwork

If you are a $PYTH staker, you will receive a portion of the $ZERO drop https://t.co/0YNjxa8akL #ZeroLend #Pyth pic.twitter.com/cLp4PRPyAv

— ZeroLend (@zerolendxyz) January 30, 2024

connection: What is the next-generation oracle “Pyth Network” based on Solana? | Explaining the mechanism and features

Solana (SOL) special feature

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