Binance Will List pyth network, PYTH Price Increases by 20%
binance, one of the world’s leading cryptocurrency exchanges, recently announced its plans to list PYTH, the native token of Pyth Network, following important developments. According to the crypto exchange, the leading global organization plans to list the PYTH token and start trading the same at 12:00 UTC on February 2.
Meanwhile, the token’s price chart has increased tremendously today, garnering notable attention among crypto market enthusiasts. This increase also seems to be in line with Binance’s listing announcement, as the token’s latest developments are creating Waves in the vast sea of crypto.
PYTH List Emerges as TVS Soars to New Heights
According to the statement made by Binance, the crypto exchange plans to launch new spot trading pairs PYTH/BTC, PYTH/USDT, PYTH/FDUSD and PYTH/TRY. He also announced that users on the platform can now start depositing PYTH and prepare for trading.
Meanwhile, the firm plans to initiate the same withdrawal on February 3 at 12:00 UTC, but the PYTH listing fee set by Binance remains at 0 BNB. In addition, Binance even applied a “token label” next to the token, warning investors about the high volatility in the digital asset’s orbit.
On the other hand, reflecting Pyth Network’s listing development, the ecosystem’s TVS (Total Value Secured) has also reached new highs in recent days. According to blockchain insights provided by leading blockchain data aggregator DeFiLlama, the total of TVS secured by PYTH reached $2.43 billion, indicating significant adoption of the Pyth Network in the crypto space. This surge, in particular, has sparked great curiosity among crypto market fanatics globally as it is the first significant rise witnessed since December last year.
Simultaneously, the PYTH price chart also reflected the development and experienced an extraordinary rise.
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PYTH Price Rockets
As of the time of publication, Pyth Network price has increased by 20.65% in the last 24 hours and is currently trading at $0.4918. Notably, the token reached its monthly high today and briefly traded at $0.5208.
Additionally, even the weekly and monthly charts of the token showed an increase of 21.96% and 41.05% respectively. This rise seems to be in line with Pyth Network’s recent TVS bullish history. Additionally, the token price is expected to increase further with the additional support of Binance’s listing announcement.
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