Solana-based Pyth Network announces second airdrop, this time distributed to dApps

Airdrop 2nd edition

On the 8th, the oracle project “Pyth Network” based on the virtual currency Solana (SOL) announced information regarding the second round of airdrops.

This time, it is explained that PYTH tokens will be distributed specifically to over 160 dApps (decentralized apps) that utilize Pyth Network’s price data. Users expecting to receive airdrops are urged to wait for the respective dApps’ announcements.

The Pyth Retrospective Airdrop was not just for DeFi participants and individuals from the community.$PYTH Tokens have been distributed to over 160 #PoweredByPyth dApps across 27 chains.

Learn more below: pic.twitter.com/4zH82PMluR

— Pyth Network (@PythNetwork) February 7, 2024

In the announcement, the following images are attached to introduce the target dApps. This includes dApps such as PancakeSwap, Helium, Synthetix, and Mango Markets.

Source: Announcement

This announcement does not contain many specific details, such as when each dApp will receive the airdrop. In a previous announcement, it was explained that a total of 100 million PYTH would be distributed to dApps.

According to The Block, one source said, “There are several projects that have already completed the acquisition process, and dApps have either started receiving them or could start receiving them soon.”

The first airdrop was held in November last year. At this time, it was focused on DeFi users and community members, and targeted over 90,000 wallets on 27 blockchains, not just Solana.

connection: Free distribution of Solana Pyth Network tokens scheduled for next week

Please be aware of scams when using airdrops to avoid clicking on fake sites. Pyth Network is also urging people to be extremely vigilant and be careful of scams, including making sure to visit the official website.

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

What is Python Network?

Pyth Network is an oracle project that launched its mainnet on Solana in August 2021. Oracles in blockchain play the role of providing information external to the network to the network.

According to the official website, it currently provides market data to over 50 blockchains in real time. This applies not only to virtual currencies, but also to stocks and commodities.

In Japan, in July 2022, virtual currency exchange bitbank announced a partnership with Pyth Network. It explained that it will provide institutional-level market data to Pyth Network.

connection: Domestic exchange bitbank partners with Solana-based next-generation oracle Pyth Network

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