Pyth Network launches second phase of token airdrop for over 160 dapps

Pyth Network has launched the second phase of its retroactive token airdrop to over 160 eligible dapps. Qualified dapps are those that rely on Pyth's price data for protocol operations, including trading, asset valuation, and on-chain settlement. Approximately 100 million PYTH governance tokens (worth about $47 million) will be distributed to dapps. Dapps that have received the distribution include Synthetix, Mango markets, Bonfida, Helium, and PancakeSwap, covering DeFi use cases such as DEX, lending, structured products, stablecoins, and data analysis. According to sources, some dapps have completed the claiming process and may have already started receiving tokens, or will soon receive them, with distribution awaiting legal review, as each dapp needs to complete KYC procedures.