Key Notes

Pyth Network has launched the PYTH Reserve.

The goal is to turn protocol revenue into steady monthly token purchases.

PYTH is up 3.5% as data points to a possible surge to the $0.12-$0.18 range.

Pyth Network PYTH $0.0668 24h volatility: 3.2% Market cap: $384.44 M Vol. 24h: $25.96 M has announced the launch of the PYTH Reserve, a system that uses protocol income into monthly open-market purchases of the PYTH token.

The announcement has resulted in a 4% spike in the token’s price, currently around $0.06698.

Launched in 2021, Pyth has grown from a small market onchain data effort into a major part of global financial infrastructure.

During this time, the network supported more than $2.3 trillion in total trading volume. The team now aims to foc

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