Pyth Network (PYTH)

Pyth Network is a next-generation price oracle solution that aims to make valuable financial market data available on-chain for projects and protocols, as well as for the general public, via blockchain technology.

Whitepaper

Onepager

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Interest lvl

Highest

Updated: Jan 22, 2025

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User Rating

Medium

3/5 • 1 votes

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Ticker

PYTH

Type

Utility-token

Token standard

SPL

Registration year2021

Ecosystems

Solana

What is Pyth Network

Pyth Network is an oracle protocol that connects the owners of market data to applications on multiple blockchains. Pyth's market data is contributed by over 100 first-party publishers, including some of the biggest exchanges and market making firms in the world. Over 350 protocols on 55+ blockchains trust Pyth to secure their applications.

Pyth is a protocol that allows market participants to publish pricing information on-chain for others to use. The protocol is an interaction between three parties:

• Data providers submit pricing information to Pyth's oracle program. Pyth has multiple data providers for every price feed to improve the accuracy and robustness of the system.
• Pyth's on-chain oracle program on Pythnet combines providers' submitted data to produce a single aggregate price and confidence interval.
• Applications read the price information produced by the oracle program. More specifically, Pyth allows users to “pull” prices onto the blockchain when needed. Those prices become publicly available for everyone on that chain.