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PY

Pyth Network

Team: Pyth Data Association
Category
Infra
Status
Archived
Chain
Solana
Difficulty
Funding
TBA
Rating
N/A
Tasks0
No ratings yet

Event Timeline

Pyth launches on Solana

2021

Completed

Expands across chains

2022 to 2023

Completed

Snapshot taken

Nov 2023

Completed

PYTH token and airdrop

Nov 20, 2023

Completed

About Pyth Network

Pyth publishes price data on chain, sourced from trading firms and exchanges that contribute their own feeds rather than from third party node operators. By 2023 it was supplying prices to protocols across a long list of chains.

That created an unusual eligibility problem: almost nobody interacts with an oracle directly. The distribution therefore looked one layer up, at wallets that had used applications which consumed Pyth feeds, so users qualified through lending markets and perp venues they had traded on without knowing an oracle was involved.

Around 250M PYTH went to roughly 90,000 wallets across more than twenty chains.

Airdrop Stats

250M PYTH Distributed
~90,000 Eligible Wallets
Layers
Eligibility via Downstream Apps

This airdrop has concluded. It is kept for research rather than participation.

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