The Oracle platform Pyth Network has expanded its offerings by supporting Mother Iggy, providing real-time price feeds to over 75 blockchains. This announcement, made on Sept. 26, highlights the platform’s response to the demand for MOTHER, a Solana meme coin launched by Australian rapper and songwriter Iggy Azalea.

Mother Iggy and Pyth Network Integration

According to Pyth, the integration involves the MOTHER/USD price feed. Initial platforms to adopt this feed include Solana-based Drift Protocol, Save (formerly Solend), and Flash.Trade, an asset-backed trading solution. In addition to Mother Iggy, Pyth Network has also announced support for the Sei-based decentralized exchange DragonSwap. This exchange will leverage Pyth price feeds for its Prediction Product, ensuring users receive accurate, real-time pricing data for market predictions.

Impact on MOTHER’s Price

The integration with the decentralized finance platform’s price feed has coincided with a rebound in the meme coin’s market performance, pushing its market cap back to $100 million. Iggy Azalea has been actively promoting the project, emphasizing that it is more than just a “celeb meme” token.

“MOTHER is not just a meme coin; it’s a community-driven project with real utility,” said Iggy Azalea.

Upcoming Developments

Recently, Mother Iggy garnered attention with plans to launch a crypto casino named ‘Motherland’. Azalea unveiled this platform, expected to go live in November, during an event at Solana Breakpoint in Singapore. The MOTHER token will be utilized for transactions within the casino, potentially driving further adoption and value.

Market Performance

Following the Pyth integration news, MOTHER’s price surged by over 37% in the past 24 hours, outperforming other meme coins such as Moodeng, Maga, and Daddy Tate. At the time of writing, Mother Iggy’s market cap was approximately $133 million, with daily trading volume increasing by 50%.

Stay updated with the latest cryptocurrency news and trends on Global Crypto News.

#CryptoNews #CryptoLife #CryptoTrading

Post Views: 1