Will the New PYTH Network Reserve Trigger a Chainlink-Style 80% Price Rally?
The post Will the New PYTH Network Reserve Trigger a Chainlink-Style 80% Price Rally? appeared first on Coinpedia Fintech News
The latest announcement surrounding the new PYTH Network Reserve has has shed some lights on the crashing PYTH Network price as the project now claims to shift toward a sustainable, revenue-backed value model. With PYTH Network price today hovering near $0.064, the market now weighs whether this structurally reinforced mechanism can catalyze renewed upside momentum similar to past Chainlink reserve-driven 80% rally witnessed in August this year.
PYTH Reserve Introduces a New Value Accrual EngineThe launch of the PYTH Network Reserve marks a substantial shift in how network value is reinforced. Based on the information from X post, under the new mechanism, the ecosystem revenue flows directly into the PYTH DAO treasury, which then conducts systematic monthly open-market purchases of PYTH.
Essentially, this structure aims to convert all real customer revenue into long-term value support for the PYTH Network crypto, which is indeed a significant benefit to PYTH holders.
Introducing the PYTH Reserve: turning real revenue growth into sustainable network value.
Pyth Pro surpassed $1M annualized revenue in its first month, and that revenue now fuels systematic PYTH purchases on the open market.
More adoption. More revenue. More value. Let’s dive… pic.twitter.com/NqodrKfGoK
