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Pyth Network

Pyth Network (PYTH)

$ 0.08
0.36 %
Main info
News
Comments
Markets
Analytics
Market cap
$619.16M
0.36 %
Volume (24h)
$18.76M
0.36 %
Circulating supply
7,874,959,159 PYTH
Total supply
9,999,983,445 PYTH
Max. supply
10,000,000,000 PYTH

Key data

updated $0
Market cap$619.16M
Volume 24h$18.76M
Circulating supply7.87B79% of max 10B
All-time high$1.2-93% from peak · 2024-03-15

Pyth Network (PYTH) is a decentralized oracle that feeds real-time market data to blockchain applications. Think of it as a bridge: exchanges, market makers, and trading firms publish their price info directly on-chain, and smart contracts can then use it. The PYTH token powers the network's governance and rewards its participants.

Frequently asked questions

What is Pyth Network and how is it different from other oracles?

Pyth is an oracle protocol that delivers high-frequency, real-time price data to smart contracts across dozens of blockchains. Unlike oracles that aggregate prices from public sources, Pyth sources its data directly from over 90 professional firms — exchanges and market makers — which allows sub-second updates. This makes it especially popular with DeFi apps that need precise, low-latency prices.

How does Pyth's technology work?

Data providers publish prices on the Pythnet app-chain, which runs on the Solana codebase, and each publisher submits both a price and a confidence interval. Aggregation combines these inputs into a single aggregate price and confidence interval, which are then distributed to other blockchains via Wormhole's cross-chain messaging. Smart contracts pull the data on demand and can verify it trustlessly on-chain.

How is PYTH's token supply and emission structured?

PYTH has a fixed hard cap of 10,000,000,000 tokens, so no more will ever be created beyond that limit. The supply is allocated across ecosystem and community rewards, protocol development, and private and public sale participants, with portions released on vesting schedules. This structure is designed to gradually increase circulating supply while keeping the total predictable.

How can you store and use PYTH tokens?

PYTH is available on several blockchains, including Solana and Ethereum, so you can hold it in any wallet supporting those networks — for example Phantom or Solflare for Solana, or MetaMask for Ethereum. Holding PYTH lets you participate in network governance by voting on proposals. Always make sure you're using the correct network when sending or receiving tokens.