Pyth Network Price Surges 76%, Driven by Government Data Partnership

The price of Pyth Network (PYTH) experienced a significant surge, soaring over 76% within the past 24 hours to reach $0.2088 as trading volume surged to $1.2 billion. This remarkable rise follows the US Department of Commerce’s selection of Pyth Network alongside Chainlink (LINK) for verifying and distributing official economic data on-chain. The announcement was made by Howard Lutnick and Donald Trump, marking a significant step in decentralizing the adoption of government data.