Pyth Network

PYTH Price

About Pyth Network

The Pyth Network is the largest and fastest-growing first-party oracle network. Pyth delivers real-time market data to financial dApps across 40+ blockchains and provides 380+ low-latency price feeds across cryptocurrencies, equities, ETFs, FX pairs, and commodities.

The network comprises some of the world's largest exchanges, market makers, and financial services providers who contribute their own price data for use by smart contracts. Participants in the network include Binance, OKX, Jane Street, Bybit, Cboe Global Markets and more. The Pyth oracle program aggregates their data on-chain to guard against inaccuracies and manipulation. Finally, the protocol allows users to "pull" the latest price onto their blockchain when needed.

In less than a year since the launch of the cross-chain pull oracle, the network has secured over $1B in total value. The Pyth Network has been used by over 250 applications to secure $100B in trading volume. Integration with Pyth Price Feeds is permissionless.

What Makes Pyth Network Unique?

Pyth Network offers over 380 price feeds for cryptocurrencies, foreign exchange pairs, equities, ETFs, and commodities like gold and silver.

Pyth oracle prices update every 400ms—more than 200,000 times a day—to enable precise and secure smart contract operations. Every Pyth Price Feed also provides a confidence interval “band” around the reported price to inform users about market volatility and uncertainty.

Pyth’s price data comes from trusted institutions that contribute to the network. More than 90 data providers publish their proprietary price data to the Pyth Network for dApps to use. These sources include major crypto and traditional exchanges, trading firms, financial services providers, and DEXs.

Notable crypto-native data providers include Binance, OKX, Bybit, Wintermute, Flow Traders, Auros, and QCP Capital. Data providers specializing in traditional finance include Cboe Global Markets, Jane Street, LMAX, Susquehanna International Group, Optiver, and IMC. Decentralized exchange data providers include Orca, Raydium, and 0x.

Integration with Pyth Price Feeds is permissionless. Developers can tap into Pyth Price Feeds on more than 40 blockchains including Ethereum, Optimism, Arbitrum, zkSync Era, Base, BNB Chain, Solana and more. All 380+ Pyth Price Feeds are available to developers on every Pyth-supported blockchain, enabling rapid multi-chain expansion for smart contract protocols.

History of Pyth Network

The Pyth Network started in April 2021 as a collaboration between several individual contributors. Early contributors include the Pyth Network’s data providers, such as GTS, LMAX Group, Virtu, Jump Crypto as well as infrastructure partners such as Triton One and Blockdaemon.

In 2021, the Pyth Data Association was founded to promote and grow the Pyth Network ecosystem. In 2023, Douro Labs was established as a new core contributor build the infrastructure and tooling necessary for expanding the network’s decentralized data services.

What can PYTH be used for?

PYTH is used as a governance token. Pyth Governance can determine high-level parameters of the oracle network’s mechanisms through on-chain voting by token-holders. The general purpose of coin-based governance systems is enabling token-holders to guide protocol development. Pyth’s on-chain governance can involve major protocol matters such as the size and denomination of oracle fees, the reward mechanism for data providers, and the listing of new data feeds. You can learn more about Pyth Governance from the official blog and whitepaper.

Where can you buy Pyth Network?

PYTH tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Pyth Network is Binance, where the most active trading pair PYTH/USDT has a trading volume of $6,099,997.59 in the last 24 hours. Other popular options include MEXC and OKX.

What is the daily trading volume of Pyth Network (PYTH)?

The trading volume of Pyth Network (PYTH) is $49,797,246.15 in the last 24 hours, representing a -28.30% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Pyth Network (PYTH)?

Pyth Network (PYTH) reached an all-time high of $1.20 and an all-time low of $0.02953. It’s now trading -94.60% below that peak and 116.90% above its lowest price.

What is the market cap of Pyth Network (PYTH)?

Market capitalization of Pyth Network (PYTH) is $504,514,513 and is ranked #109 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of PYTH tokens (7.9 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Pyth Network (PYTH)?

The fully diluted valuation (FDV) of Pyth Network (PYTH) is $640,656,622. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 Billion PYTH tokens are in circulation today. Depending on how the emission schedule of PYTH tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Pyth Network compare against its peers?

With a price increase of 20.40% in the last 7 days, Pyth Network (PYTH) is outperforming the global cryptocurrency market which is up 10.70%, while outperforming when compared to similar Decentralized Finance (DeFi) cryptocurrencies which are up 16.50%.