Pyth Network price

in USD
$0.11163
-- (--)
USD
Last updated on --.
Market cap
$642.10M #70
Circulating supply
5.75B / 10B
All-time high
$1.160
24h volume
$26.34M
Rating
4.2 / 5
PYTHPYTH
USDUSD

About Pyth Network

Pyth Network ($PYTH) is a cryptocurrency designed to power decentralized data infrastructure. It supports real-time, high-fidelity price feeds sourced directly from over 120 trusted financial institutions, including exchanges and market makers. Integrated across 100+ blockchains, Pyth provides essential data for DeFi applications like lending, trading, and stablecoins. Beyond DeFi, it is building bridges to institutional finance, enabling on-chain distribution of critical economic metrics such as GDP data. With sub-second updates and cryptographic security, Pyth is positioning itself as a foundational layer for both decentralized and traditional markets. Its utility lies in connecting reliable data to smart contracts, driving transparency and innovation in global finance.
AI insights
Solana
CertiK
Last audit: Jun 3, 2021, (UTC+8)

Pyth Networkโ€™s price performance

Past year
-68.52%
$0.35
3 months
-7.83%
$0.12
30 days
-23.19%
$0.15
7 days
-7.15%
$0.12

Pyth Network on socials

CryptoApe ๐Ÿ”—
CryptoApe ๐Ÿ”—
Vol. 151 - Speaking SUI ๐ŸŒŠ Oct 29th @ 10am EST Roundtable @ 11am EST Powered by: @PythNetwork @solcasino Guests: @SuiNetwork @MMTFinance @mogulxmoviepass @Talus_Labs @ikadotxyz @DeLoreanLabs @karrier_one Contributors: @davethereiss @MrUniqueNFT @lethirdweb @PapiChuloGrim @Multichain @EYEKONSTUDIO @MOODOO_Diary
๋” ์“ฐ๋‹ˆ | THE SSUNI โ“‚๏ธโ“‚๏ธT
๋” ์“ฐ๋‹ˆ | THE SSUNI โ“‚๏ธโ“‚๏ธT
Omnichain DeFi Yield Matrix - @multiplifi ร— @0xSoulProtocol ร— @LayerBankFi Integrated Framework The meeting of these three protocols is quite thrilling. Multipli rides the market waves, generating steady returns with a delta-neutral strategy, while Soul Labs operates as the central hub of a multichain network that weaves multiple chains together. LayerBank injects liquidity by establishing lending pools on each chain, resulting in explosive capital efficiency when the three systems interlock. The technical compatibility is also excellent, making the actual implementation highly feasible. The integrated structure operates like a transportation hub. Soul acts as the central control tower, relaying messages, LayerBank coordinates funds across various regions (chains), and Multipli serves as the strategic engine efficiently managing the overall assets. Messages are quickly transmitted through LayerZero V2, with Wormhole on standby as a backup route. The oracle adopts a multi-structure centered around Chainlink, supported by eOracle and Pyth, minimizing price distortions and feed delays. For payment flows, USDC utilizes CCTP, while the rest leverage native bridges. The actual operational flow is quite interesting. When a user deposits assets into LayerBank, Soul replicates this collateral across other chains, and Multipli simultaneously takes futures and spot positions based on it. Thanks to the delta-neutral structure, returns flow in steadily regardless of whether the market rises or falls. An average annual return of 5-60% is expected, with fluctuations depending on market conditions, but in bullish markets, it can exceed 20%. Conversely, in bearish markets, there may be slight losses. Risk management is meticulously designed. If oracle data arrives late or there are bridge delays, incorrect liquidations could occur. To prevent this, an automatic alert triggers if the price difference between chains exceeds 5%, and feed updates are limited to a maximum of 2 hours. Bridge risks are mitigated by LayerZero's order guarantee system, CCTP's burn-mint structure, and the multi-signature and insurance coverage of institutional custody bridges. When liquidation is necessary, Soul first detects the health factor and signals LayerBank, allowing only partial liquidations of up to 50%. Liquidators receive a 15% bonus. Capital efficiency can be boosted up to 58 times through Soul's virtual re-collateralization structure. LayerBank's dynamic interest rate system reliably supports this, while Multipli captures funding arbitrage in real-time through institutional trading desks. The three systems interlock organically, maintaining automatic balance across the entire network. Regulatory responses are also neat. Multipli applies institution-centered KYC, while Soul utilizes zkKYC for optional identity verification. LayerBank currently has an open structure, but once ULAB governance is introduced, regulatory responses by chain will become possible. Managed assets are based on an approved list, and the addition of new assets goes through community voting. Security is also airtight. All major functions are protected by a 3/5 multi-signature, with real-time health factor monitoring, on-chain event logging, and an emergency stop function within 30 minutes. Monthly stress tests are conducted to ensure stability even in extreme market conditions. Developer-friendliness stands out. With a single Soul router interface, all three protocols can be controlled integratively, and the SDK allows for a comprehensive view of yield, risk, and position data. Real-time monitoring APIs, event logs, and simulation tools are provided, enabling complex strategies to be tested in advance. Automatic routing and rebalancing features allow for the comparison of yields by chain, making it possible to select the most efficient path. Not everything is executable right now. The Soul mainnet is expected to launch around Q2 2026, and full integration will only be possible once LayerBank's governance token is activated. However, basic connections are already operational on the testnet, so full implementation seems to be just a matter of time. This analysis is based on the official documents and audits of each protocol, with a trust level of 85% for the core mechanisms and about 70% for the detailed cross-chain integration aspects. Overall, this integrated framework can be seen as a balanced model encompassing capital efficiency, stability, and scalability, serving as a key blueprint for next-generation omnichain DeFi infrastructure. If you're curious about what the next stage of DeFi will look like, it's worth remembering these three names.
WasabiBoat Research
WasabiBoat Research
Stablecoin Depeg Risk Markets are LIVE We have run depeg markets in the past, but they were not done in a structured way. Now we have all the major stables side-by-side in one polymarket for easy comparison. These went live yesterday and are already at sub 1c spreads. Resolution source is @PythNetwork 1-minute candles

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Pyth Network FAQ

Currently, one Pyth Network is worth $0.11163. 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.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
$642.10M #70
Circulating supply
5.75B / 10B
All-time high
$1.160
24h volume
$26.34M
Rating
4.2 / 5
PYTHPYTH
USDUSD
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