Pyth Network introduced the second phase of its retrospective token airdrop program.
167 decentralized applications (dApps) that use Pyth’s price data for transactions in the protocol can participate in the airdrop organized by Pyth Network.
Around 100 million PYTH tokens, worth approximately $47 million, will be distributed to DApps.
According to the statement made by Pyth, the applications that are eligible to win the airdrop will prepare their own plans on how to distribute the tokens allocated to them.
Applications that will participate in the airdrop include decentralized exchanges, borrowing/lending protocols, structured products, stablecoins and data analysis applications.
Pyth Network launched the first phase of its airdrop in November 2023. At that stage, after the revisions More than 90 thousand wallets It was decided to distribute approximately 255 million PYTH.
According to TradingView data, PYTH gained more than 3% on a daily basis and is trading at $0.495.
