Pyth Network, Chainlink, and Render: Top Gainers
In a surge of positive news, Pyth Network, Chainlink, and Render have emerged as the top three gainers on Jan. 31.
Pyth Network’s Strategic Partnership with ZeroLand
Pyth Network, a real-time market data provider for crypto and financial derivatives, experienced an 8% surge to $0.44 following its strategic partnership with ZeroLand. As a result of this partnership, PYTH holders can now participate in ZeroLend’s airdrop, making Pyth Network the first project to be listed on the protocol. Additionally, Pyth Network announced the launch of price feeds on Filecoin’s virtual machine, expanding its offerings for blockchain developers.
Chainlink’s Latest Upgrade and Expansion
Chainlink’s LINK secured the second spot in profitability, surging by over 6% to $16. This surge can be attributed to Chainlink’s latest upgrade to its Foundry toolkit, which allows developers to seamlessly interact with Verifiable Random Functions (VRFs), Automation, and Functions. Furthermore, Chainlink expanded its reach by launching data streams on the GMX trading platform and PancakeSwap, providing customers with access to on-chain price data.
Render Selected by Coinbase for Future Listing
Render (RNDR), a distributed GPU rendering network, claimed the third position as a top-performing token after Coinbase announced its selection for future listing in its roadmap. Although no specific timeline was provided for the listing, this announcement alone propelled RNDR to a momentous 5% surge to $4.81, accompanied by a 70% surge in trading volume.
Hot Take: Positive Momentum for Pyth Network, Chainlink, and Render
Pyth Network, Chainlink, and Render have experienced significant gains recently due to various positive developments. Pyth Network’s strategic partnership with ZeroLand and its expanded offerings for blockchain developers have contributed to its surge in value. Chainlink’s latest upgrade and expansion into new platforms have attracted investors, driving up its price. Lastly, Render’s selection by Coinbase for future listing has generated excitement among traders and led to a surge in trading volume. These developments indicate positive momentum for these cryptocurrencies, and investors should keep an eye on their future performance.
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