Breaking down Pyth Network, KuCoin's latest addition to its roster

By LeftFooted | bitcoinea | 20 Nov 2023


KuCoin is adding a new cryptocurrency called Pyth Network.


Operating on the Solana blockchain, Pyth is a financial 'oracle' delivering real-time market data across over 40 blockchains and 350 assets.


It includes ETFs, equities, digital assets, both crypto and non-crypto, and commodities.


Pyth aggregates data from 90+ market makers, financial companies and of course crypto exchanges. The data is processed and distributed on-chain via smart contracts.


So far, Pyth has apparently managed around $80 billion in trading volume.


The price of Pyth is $0.33 at the time of writing, with a total supply of 10 billion PYTH.


 

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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