More than 160 dApps are eligible for 2nd phase PYTH token airdrop

On Feb 7, 2023, Pyth Network announced in a blog post that more than 160 decentralized applications across 27 blockchains using Pyth Data are eligible to receive PYTH token airdrop. 

https://pyth-network.notion.site/BLOG-Retrospective-Airdrop-Part-2 

This is the 2^nd phase of Pyth Retrospective Airdrop program. 

The first phase of Pyth Retrospective Airdrop was in November 2023. Pyth Network airdropped PYTH tokens to more than 90k eligible wallets across 27 blockchains in the 1^st phase. More than 51k users claimed 163 million PYTH tokens.

pyth.network/blog/pyth-network-retrospective-airdrop-second-phase

dApps receiving 2^nd phase airdrop such as

1. Synthetix

2. Vela Exchange

3. Solend

4. HMX

5. Jupiter

6. LayerBank

7. Mango Markets

8. Bonfida

9. Hedium

10. PancakeSwap

dApps that use the Pyth Data will receive PYTH tokens from phase 2 Retrospective Airdrop program.

About Pyth Network

Pyth Network is an oracle solution for real-time market data for financial market data, crypto, equities, FX, and commodities to 45+ blockchains.

Pyth Network operates on Solana blockchain. It launched on Solana mainnet in September 2021. Currently 50 dApps are using Pyth’s oracle on Solana such as Solend. More than 160 dApps across 17 blockchains use Pyth Network.

Pyth Network's oracle uses the Solana Virtual Machine connect to external data sources, serving as a crucial aggregator for real-world smart contract execution.

Pyth can be used on other blockchains as well such as Aptos, Sui, BNB Chain, Ethereum, Avalanche, Polygon, Arbitrum, Sei, etc.

How does Pyth Network make money?

Pyth Network is a proof-of-authority blockchain where each publisher runs a validator node.

There are two participants in the Pyth Network protocol

1. Publishers publish and update price feeds and earn fees for doing so. The role of a publisher is to publish data directly onto the blockchains.

2. Consumers pay fees to access and use the price data to inform their dApps or smart contracts.

PYTH tokens utility.

1. PYTH token holders can participate in governance voting on improvement proposals.

2. Publishers earn fees in PYTH tokens.

PYTH token has a max supply of 10 billion PYTH (10,000,000,000).  PYTH token is an SPL token and it runs on Solana mainnet.