Pyth | Crypto

Altcoin season has reflected selective rotation rather than broad gains. Cronos has advanced on corporate structures and network upgrades, while Pyth maintains reach in oracle infrastructure and Ethena adapts its synthetic stablecoin to regulation, shaping demand across ecosystems. The post Cronos, Pyth, and Ethena Drive Altcoin Season Madness – Trump Media Bet Sends CRO Exploding appeared first on Cryptonews.

PYTH surges 70% after the US government tapped Pyth Network and Chainlink to help publish official economic data on multiple blockchains. The native token of the Pyth Network surged on Thursday after the project confirmed it had been selected by the US Department of Commerce to verify and distribute economic data onchain — a move that places blockchain technology at the center of official government processes and highlights the important role of data oracles. According to CoinMarketCap, the PYTH token peaked just above $0.20, marking a daily gain of more than 70%. It was last trading just below $0.19, still up about 62% on the day. The rally propelled PYTH to its highest level since February, lifting its market capitalization above $1 billion, while trading volumes skyrocketed more than 2,700% in the past 24 hours. Read more

The US government announced on Tuesday that it is publishing economic data onchain to boost transparency for government spending. The US government has tapped Chainlink and Pyth, two blockchain oracle providers, to publish economic data onchain. Chainlink was selected to provide data feeds from the Bureau of Economic Analysis (BEA), and will publish additional data feeds in response to consumer demand or at the behest of the US government, a Chainlink spokesperson told Cointelegraph. These feeds include real gross domestic product (GDP), personal consumption expenditures (PCE) price index, and real final sales to private domestic purchasers, the company said. Read more

In Q1 2025, Pyth recorded $149.1 billion in Total Transaction Value (TTV), down 14.9% from the previous quarter but up 376.6% year-over-year. Total Value Secured (TVS) declined 3.0% to $7.15 billion, the smallest drop among major oracles. Price updates fell 78.3% to 78.7 million, driven by reduced DeFi activity and throttled sponsored feeds. Aptos remained the top chain with 60.1 million updates, while Solana increased to 19.6 million. Berachain and Sonic were newly added, contributing 9.8 million and 4.5 million updates, respectively. Pyth Entropy processed 1.62 million requests, up 479.4% quarter-over-quarter, generating $32,785 in revenue. Oracle Integrity Staking grew substantially, with PYTH staked rising 176.4% to 638.7 million tokens. On Solana, Express Relay facilitated $171 million in limit order volume on Kamino, with searcher tips paid to users reaching approximately $95,000, up 855% from the prior quarter.