PYTH, LINK, RNDR lead crypto market as top gainers following development activity

In a surge of positive news, Pyth Network, Chainlink, and Render have emerged as the top three gainers on Jan. 31.

Pyth Network, a real-time market data provider for crypto and financial derivatives, experienced an 8% surge to $0.44 following its — what appears to be — a strategic partnership with ZeroLand.

According to ZeroLend’s X post on Jan. 30, PYTH holders can now participate in ZeroLend’s airdrop, as Pyth Network has become the first project to be listed on the protocol. In addition to the airdrop news, Pyth Network also announced the launch of price feeds on Filecoin’s virtual machine, an environment where blockchain developers can build applications using the peer-to-peer network.

Meanwhile, Chainlink‘s LINK secured the second spot in profitability, surging by over 6% to $16 in the past 24 hours. This surge apparently might be attributed to Chainlink’s latest upgrade to its Foundry toolkit, enabling developers to interact with Verifiable Random Functions (VRFs), Automation, and Functions seamlessly.

Furthermore, Chainlink expanded its reach by launching data streams on the GMX trading platform and PancakeSwap, offering 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 news broke that Coinbase had selected it for future listing in its roadmap. Although no specific timeline for the listing was provided, the announcement alone propelled RNDR to a momentous 5% surge to $4.81, accompanied by a 70% surge in trading volume, according to data from CoinMarketCap.