PYTH, LINK, RNDR lead crypto market as top gainers following development activity

In a flurry of positive news, Pyth Network, Chainlink, and Render emerged as the top three gainers on January 31.

Python Networka provider of real-time market data for financial and crypto derivatives, saw an 8% rise to $0.44 following its, what appears to be, a strategic partnership with ZeroLand.

According to ZeroLend's X post on January 30, PYTH holders can now participate in the ZeroLend airdrop as Pyth Network has become the first project to be listed on the protocol. In addition to airdrop news, Pyth Network also Announced launching pricing on the Filecoin virtual machine, an environment where blockchain developers can build applications using the peer-to-peer network.

Meanwhile, Link of the chainLINK's secured the second place in profitability, rising more than 6% to $16 in the last 24 hours. This rise could seemingly be attributed to Chainlink's latest launch. improvement to its Foundry toolkit, allowing developers to interact with verifiable random functions (VRFs), automation, and features seamlessly.

Furthermore, Chainlink expanded its reach by launching data streams on the GMX and PancakeSwap trading platform, offering clients access to on-chain price data.

Lend (RNDR), a distributed GPU rendering network, ranked third on the list of top-performing tokens after the news broke that Coinbase had selected it for future inclusion in its roadmap. Although no specific timeline for the listing was provided, the announcement alone propelled RNDR to a momentous 5% rise to $4.81, accompanied by a 70% increase in trading volume, according to data from CoinMarketCap.


Follow us on Google News


Leave a Comment

Comments

No comments yet. Why donโ€™t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *