PYTH Network Soars 120% After US Government Embraces Blockchain for Economic Data

PYTH experienced a remarkable surge of over 120%, following the US Commerce Department’s announcement of blockchain integration for official economic data. This move saw PYTH, a decentralized oracle platform, become the official provider of this new technology. Experts attribute this rapid rise to the network’s strong ties with the Solana ecosystem and its potential to facilitate decentralized financial applications.