Wormhole Price Soars 32% on US Government Data Deal via Pyth Network

Wormhole’s price surged by 32% after the U.S. Department of Commerce announced it will begin publishing official economic data on-chain using Pyth Network, with Wormhole playing a key role in distributing these feeds to various blockchains. This move has led to significant trading activity, with volume soaring over 1,000%, reaching $385 million. Derivatives activity also witnessed a substantial increase of 903% to $561.6 million according to Coinglass data.