PYTH
Pyth Network
PYTH

Pyth Network price

in USD
$0.15986
+$0.00316 (+2.01%)
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Market cap
$916.84M #58
Circulating supply
5.75B / 10B
All-time high
$1.160
24h volume
$158.05M
4.2 / 5
PYTHPYTH
USDUSD

About Pyth Network

Pyth Network (PYTH) is a cryptocurrency designed to support a decentralized oracle network that delivers real-time, high-quality market data to blockchain applications. Oracles act as bridges between the blockchain and external data sources, ensuring smart contracts can access accurate information. PYTH specializes in providing institutional-grade price feeds for assets like cryptocurrencies, equities, FX, and commodities, sourced directly from trusted publishers such as exchanges and trading firms. This data is essential for DeFi platforms, enabling applications like lending, trading, and derivatives to function reliably. By prioritizing transparency, speed, and composability, PYTH plays a critical role in building the infrastructure for the next generation of decentralized finance.
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Last audit: 3 June 2021, (UTC+8)

Pyth Network’s price performance

Past year
-38.94%
$0.26
3 months
+39.61%
$0.11
30 days
+36.63%
$0.12
7 days
+36.91%
$0.12
59%
Buying
Updated hourly.
More people are buying PYTH than selling on OKX
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Pyth Network on socials

Diego Borgo
Diego Borgo
Imagine if we could get just 1% of the $50B market? 🙏🙏🙏
Pyth Network 🔮
Pyth Network 🔮
Phase 1: DeFi Domination Phase 2: Disrupt Finance’s $50B Opportunity Pyth pioneered decentralized market data infrastructure. Now institutions are demanding Pyth price feeds to solve market data across. The solution: A new institutional product. New token utility. New roadmap⬇️
166
3
The Street Crypto
The Street Crypto
After GDP, U.S. may put CPI data on blockchain, according to Mike Cahill
The U.S. Department of Commerce has teamed up with Pyth Network to publish official economic data on blockchains, a move that signals Washington’s push toward modernizing financial infrastructure. Mike Cahill, CEO of Douro Labs — the primary developer of Pyth Network — told TheStreet Roundtable that the current administration is intent on making the U.S. a leader in digital assets. “The current administration is very crypto friendly and happy to explore the innovations that this allows,” Cahill said. “There is a real appetite for the United States to become the world leader in financial technology innovation.” He noted that U.S. Commerce Secretary Howard Lutnick’s experience modernizing Treasury markets played a role in advancing the partnership.  “I think he saw this as a resonation of this is going to be good for the entire economy. This is a modernization story,” Cahill said. Related: What are tokenized stocks? Explained From GDP to future datasets As part of the pilot, Commerce will publish gross domestic product (GDP) data from the Bureau of Economic Analysis directly onto blockchains, verified through Pyth’s oracle network. “This is the idea that really sparked this all. Let’s go put data, some symbolic data to start. So there’s GDP on the blockchain, and then we’ll expand from there,” Cahill said. He added that future steps could include data from the Bureau of Labor Statistics, including inflation and consumer price index (CPI) numbers. “It’s more likely what we’ll have is an embracing of alternative methods to being able to collect this data, streamline, modernize, make it more accurate,” he said. Why Pyth Network When asked why the government chose Pyth over competing oracle providers, Cahill pointed to the network’s unmatched reach. “In terms of blockchain oracles, Pyth is on more blockchains than anyone — more than RedStone and Chainlink, over a hundred,” he said. “That distribution network is the thing that they want the most.” He added that the government may still work with multiple providers, but Pyth’s broad footprint and data-first approach helped secure the pilot. The significance for markets Cahill explained that having GDP and other statistics on-chain can create immediate uses in prediction markets and decentralized finance (DeFi) applications. Longer term, he sees government datasets fueling automated contracts and reducing costs in budgeting, legal agreements, and business planning. “To me, the most exciting unlock is we start porting on contracts from the legal world into the digital world,” Cahill said. “That’s a tremendous amount of cost savings.” FAQs Q: What is Pyth Network? A: Pyth Network is a blockchain oracle platform that delivers real-time financial data to decentralized applications. It currently operates on more than 100 blockchains. Q: Why is the U.S. Commerce Department putting GDP on the blockchain? A: The move is part of a modernization effort to make official economic data more transparent, accurate, and accessible for both financial markets and digital applications. Q: What data could come next? A: According to Mike Cahill, the government may expand into publishing Bureau of Labor Statistics data such as inflation and CPI figures on-chain.
137
0
Defi Priest
Defi Priest
If it were up to me, I’d back this Phase 2 proposal without hesitation 🥷✝️ Pyth already secures over $1.6T in volume and pulls data directly from top trading firms, so the credibility to challenge legacy distributors is already there. The subscription model adds token utility and a clear path to ARR, which could turn Pyth from a DeFi oracle into the global standard for financial data.
Pyth Network 🔮
Pyth Network 🔮
Phase 1: DeFi Domination Phase 2: Disrupt Finance’s $50B Opportunity Pyth pioneered decentralized market data infrastructure. Now institutions are demanding Pyth price feeds to solve market data across. The solution: A new institutional product. New token utility. New roadmap⬇️
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Pyth Network FAQ

Currently, one Pyth Network is worth $0.15986. For answers and insight into Pyth Network's price action, you're in the right place. Explore the latest Pyth Network charts and trade responsibly with OKX.
Cryptocurrencies, such as Pyth Network, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Pyth Network have been created as well.
Check out our Pyth Network price prediction page to forecast future prices and determine your price targets.

Dive deeper into Pyth Network

Pyth Network is a decentralized oracle solution that provides real-time, high-fidelity financial market data to multiple blockchains. Launched in 2021, Pyth Network was created to address the need for accurate, low-latency market data in the rapidly growing decentralized finance (DeFi) sector. The network sources its data from over 90 first-party publishers, including some of the world's largest exchanges and market makers. Pyth Network's mission is to democratize access to financial market data, making it readily available to DeFi applications and the general public. By doing so, it aims to empower individuals to take control of their financial lives and foster the growth of the DeFi ecosystem.

How does Pyth Network work

Pyth Network operates by incentivizing market participants to share the price data they collect as part of their existing operations. This data is then aggregated and published on-chain for use by on- or off-chain applications. The network uses an appchain called Pythnet to store and update the state of each price feed. Pythnet is a proof-of-authority blockchain where each publisher runs a validator. PYTH prices are broadcast from this appchain to other target chains by way of a cross-chain architecture that uses decentralized cross-chain messaging protocols, such as the Wormhole network.

Pyth Network price and tokenomics

The Pyth Network's native token is PYTH. The maximum supply of PYTH is 10,000,000,000, with an initial circulating supply of 1,500,000,000 (15%). The token distribution is as follows: Publisher Rewards (22%), Ecosystem Growth (52%), Protocol Development (10%), Community and Launch (6%), and Private Sales (10%). The PYTH tokens are initially locked and will unlock 6, 18, 30, and 42 months after the initial token launch. The PYTH token plays a crucial role in the network's governance, allowing token holders to guide protocol development and shape the network.

About the Founder

Douro Labs, under the leadership of CEO Mike Cahill, established Pyth Network with a focus on blockchain technology. Their aim was to facilitate the integration of off-chain and on-chain data, particularly in Ethereum (EVM) and Solana ecosystems, to enable real-time data feeds for blockchain applications.

Pyth Network highlights

Pyth Network has successfully integrated with over 90 exchanges, market makers, and financial services providers, making it the largest first-party oracle network for financial data. The network supports more than 300 real-time price feeds across digital assets, equities, ETFs, FX, and commodities. Furthermore, Pyth Network's innovative pull oracle design has enabled it to scale to thousands of symbols and near limitless blockchains in coverage. The network's future plans include the implementation of the Perseus Upgrade and the transition to a permissionless mainnet with token-led governance.

Frequently Asked Questions about Pyth Network

  1. What is Pyth Network and its relation to Bitcoin and Ethereum?

    Pyth Network is a decentralized oracle that offers market data for digital assets, including Bitcoin (BTC) and Ethereum (ETH). It aggregates high-fidelity price feeds for DeFi and blockchain applications.

  2. How does Pyth Network verify the accuracy of its price feeds?

    Pyth Network employs a decentralized approach, sourcing data from multiple providers and using algorithms for data verification.

  3. What is the role of Pyth price feeds in cryptocurrency trading?

    Pyth price feeds provide market data for various assets, including equities and cryptocurrencies, which can assist in trading decisions and market liquidity.

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Market cap
$916.84M #58
Circulating supply
5.75B / 10B
All-time high
$1.160
24h volume
$158.05M
4.2 / 5
PYTHPYTH
USDUSD
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