Pyth Network
PYTH
A decentralized financial oracle network
Performances
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.93% | 3.30% | 7.65% | 15.06% | 29.47% | 32.03% |
Comparison
Fundraising not disclosed
Token not listed
Token not listed
Details
This content is generated by RD AI and is for reference only
Pyth Network is a decentralized financial oracle network whose core mechanism allows first-party data providers (such as exchanges and market makers) to publish their price data directly on-chain, which is then aggregated to generate high-frequency price feeds with confidence intervals. It supports multi-chain deployment and uses a pull model that lets smart contracts fetch data on demand, reducing gas costs. Its data can be widely used in DeFi lending, derivatives, asset management, and other scenarios, with traceable data provenance and publicly verifiable aggregation.
Tokenomics
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|
Follow Updates
Follow Lists
People
About Pyth Network
Pyth Network is a first-party oracle solution that directly aggregates real-time price data from exchanges, market makers, and financial institutions, publishing it on-chain for DeFi protocols and other applications. Its core value lies in the 'first-party' model—data comes directly from the entities that generate it, rather than third-party scrapers—ensuring higher accuracy and lower latency. The network covers over 380 price feeds across crypto, equities, ETFs, FX, and commodities, operating on 100+ blockchains with updates approximately every 400 milliseconds.
The market pain point Pyth addresses is the reliance on centralized, expensive data terminals (e.g., Bloomberg) and the risk of slow or manipulated data in traditional oracles. By making institutional-grade data publicly available on-chain, Pyth aims to democratize access and enable 24/7 trading for assets that traditionally have closing hours.
In the past six months (February–August 2026), Pyth underwent a major transition. On July 31, 2026, the Pyth Core upgrade took effect, requiring all applications to obtain a valid subscription and API key to access real-time price data—moving from a free model to a paid one, with plans starting at $500 per month. This unified Pyth Core with its institutional product Pyth Pro. Additionally, Pyth launched new 24/7 indices covering US stocks, gold, silver, and oil, with early adopters including Coinbase and Kraken. The network also expanded its data publisher base with seven new institutional providers and introduced the Pyth Data Marketplace for distributing unique datasets. However, the PYTH token hit an all-time low in March 2026 before recovering, reflecting market uncertainty around the monetization shift.
Pyth Network's development includes several long-term milestones. In 2024, it launched Pyth Lazer, an ultra-low-latency oracle, and added real-time ETF price data, expanding asset coverage.
2025 marked institutional recognition. Pyth supported real-time prices for 85 Hang Seng Index companies, entered macroeconomic data with employment and inflation indicators, and was selected by the U.S. Department of Commerce for on-chain economic data verification and distribution. It also partnered with Kalshi to bring prediction market data on-chain, and established a PYTH token reserve with monthly open-market buybacks, shaping its tokenomics.
In 2026, Nasdaq chose Pyth to distribute TotalView deep order book data, marking a major step for traditional exchanges adopting on-chain data distribution.
Positive factors:
Buybacks: Pyth DAO approved proposals such as OP-PIP-129 to allocate treasury funds for monthly PYTH purchases, buying ~669,700 PYTH in August and executing in June as well, continuously reducing circulating supply.
Revenue: August ARR reached $10.4M, up 39% MoM, a record; Pyth Indices revenue grew from zero in June to $1.59M in August.
Products: Added 24/7 stock indices (Amazon, Meta, etc.) and expanded Asian market coverage.
Token payments: Douro Labs pays revenue in PYTH, reducing sell pressure.
Upgrade: Pythnet-to-Lazer migration approved, improving infrastructure.
Michael Cahill (CEO): Former Jump Crypto special projects lead, now CEO of Pyth Network. He drives the overall vision and strategy.
Jayant Krishnamurthy (CTO): Previously at Jump Trading, he leads technical architecture and development of the Pyth oracle protocol.
Ciaran Cronin (COO): With a background in treasury and finance at Jump Trading, he oversees operations and business development.
Edward Zuo (Core Contributor): Active in Pyth's ecosystem growth and community initiatives, contributing to protocol adoption.
Marc Tillement (Director, Pyth Data Association): Based in Portugal, he manages the association's governance and partnerships, supporting Pyth's decentralized data network.