PYTH's 24-hour price surged over 100%, possibly due to Pyth Network's selection by the U.S. Department of Commerce.

According to Odaily Planet Daily, the price of PYTH may have broken through $0.25 in the short term due to the selection of Pyth Network by the U.S. Department of Commerce, with a 24-hour increase of more than 100%.

Earlier news broke that the Pyth Network has been selected by the U.S. Department of Commerce for on-chain economic data verification and distribution. Through this collaboration with Pyth, the Bureau of Economic Analysis' macroeconomic data will be uploaded to the blockchain, including six indicators: real GDP, the PCE price index, and real final sales by private domestic purchasers.