The Pyth Network has officially introduced a price feed for W-USD, connected to Wormhole's governance token, enabling functionality across a broad spectrum of 50 blockchains.

Oracle service Pyth Network This announcement marks the introduction of the on-chain price feed for the W governance token of Wormhole, an interoperability solution designed for multi-chain engagement. Wormhole Wormhole serves as a cross-chain communication protocol that streamlines the transfer of tokens and data among various blockchain platforms. By incorporating zero-knowledge proofs, it enables “light client” systems to facilitate efficient transfers across different chains, aiming to create reliable communication pathways between blockchains like Ethereum, Near, and Solana. Utilizing AMD hardware, Wormhole intends to tackle scaling issues tied to proof validation in these lightweight clients.

In the previous year, Wormhole successfully secured funding,

raising $225 million, leading to a notable valuation of $2.5 billion.

This token distribution event is expected to take place today, allowing users to participate in the airdrop. Additionally, it is set to be listed on major centralized exchanges at the same time. securing As outlined in Wormhole's strategic roadmap for the W token, it aims to develop into a native multi-chain asset, taking advantage of the features provided by various blockchain ecosystems while establishing a detailed multi-chain governance framework. The token will launch as the native SPL token on Solana, with plans to extend to EVM-compatible chains.

The launch of the W token Stay updated on cryptocurrency distributions with our

The Pyth Network is providing real-time asset pricing services for numerous blockchains, along with the launch of the USDB-USD price feed.  Solana These price feeds deliver live market data to smart contract platforms, sourced from over 95 key data providers, including market-making firms and cryptocurrency exchanges. Each feed aggregates price data multiple times per second. The protocol is equipped with over 450 price feeds that encompass various assets, including cryptocurrencies, commodities, and U.S. stocks.

In addition to the new W-USD price feed, Airdrops Calendar .

the network has also launched the USDB-USD price feed. USDB functions as the native stablecoin for Blast and features automatic rebasing mechanisms for externally owned accounts (EOAs) and smart contracts.

The Pyth Network provides Please keep in mind that the content on this page does not constitute legal, tax, investment, or financial advice. It is crucial to only invest what you can afford to lose and to seek independent financial counsel if you have any uncertainties. For more details, we recommend checking the terms and conditions, as well as the help and support information offered by the issuer or advertiser. MetaversePost is dedicated to providing accurate and unbiased reporting, although market conditions can change without prior notice.

Alisa, an enthusiastic journalist at Cryptocurrencylistings, focuses on cryptocurrencies, zero-knowledge proofs, investments, and the vast world of Web3. With a sharp eye for emerging trends and innovations, she provides in-depth coverage to educate and engage readers in the fast-paced digital finance landscape. Pyth Network Blum Commemorates One Year with ‘Best GameFi App’ and ‘Best Trading App’ Honors at Blockchain Forum 2025