• Pyth announces a new round of airdrops.
• The value of PYTH continues to increase, with a rise of over 3%.

Pyth [PYTH] has announced the launch of its second round of airdrops following the distribution of millions in the initial round last year.

$48 million worth of airdrop commences

As of 7th February, Pyth has started the second round of its airdrop, as indicated in a recent announcement.

The team explained in a blog post how this airdrop round would be conducted. It specified that the creators of 167 decentralized applications (dapps) using Pyth data are eligible to receive 100 million PYTH tokens in the second phase of the airdrop. 

Furthermore, the decentralized apps eligible for this benefit are listed on the website. The estimated value of the second round of the airdrop is over $48 million.

Late last year, the network introduced its native token, based on Solana, as a means of rewarding users, community members, and client applications. The first phase of the airdrop distributed 255 million PYTH tokens to early network users.

How the Pyth volume has trended

As per data from CoinMarketCap, the current circulating supply of Pyth is about 1.5 billion, with a total supply of around 10 billion. At the t

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Author: Adewale Olarinde

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