PYTH, LINK, and RNDR emerge as top performers in the crypto market after notable advances in development activity
In a wave of positive developments, Pyth Network, Chainlink, and Render have emerged as the top three gainers on January 31.
Pyth Network, a provider of real-time market data for crypto and financial derivatives, saw an 8% increase to $0.44 following its recent strategic partnership with ZeroLand.
According to ZeroLend’s announcement on January 30, PYTH holders can now take part in ZeroLend’s airdrop, as Pyth Network has become the first project to be listed on the protocol. In addition to this exciting news, Pyth Network also revealed the launch of price feeds on Filecoin’s virtual machine, which provides a platform for blockchain developers to create applications using the peer-to-peer network.
Meanwhile, Chainlink’s LINK took the second spot in terms of profitability, surging by over 6% to $16 in the past 24 hours. 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. Additionally, Chainlink expanded its reach by introducing data streams on the GMX trading platform and PancakeSwap, giving customers access to on-chain price data.
Render (RNDR), a distributed GPU rendering network, claimed the third position in the list of top-performing tokens after the announcement that Coinbase had selected it for future listing in its roadmap. Although no specific timeline was provided for the listing, the announcement alone caused RNDR to experience a significant 5% surge to $4.81, accompanied by a 70% surge in trading volume, according to data from CoinMarketCap.
