Pyth Network (PYTH) is a decentralized oracle network designed to provide high-fidelity, real-time financial data to blockchain applications. It connects real-world data from institutional sources—like trading firms, exchanges, and market makers—to smart contracts on various blockchains. By aggregating and delivering timely, accurate price feeds, Pyth Network aims to enhance the reliability of decentralized finance (DeFi) protocols. The PYTH token is used for governance and incentivizing participants who contribute and maintain data accuracy within the network.

Pyth Network operates by sourcing financial data from trusted institutional providers, aggregating it securely, and distributing it to decentralized applications through a network of blockchain oracles. This data includes price feeds for cryptocurrencies, equities, forex, and commodities. PYTH uses a pull-based model, where smart contracts request specific data points when needed, ensuring timely and precise delivery. The PYTH token enables governance participation and rewards data providers, aligning incentives to maintain data integrity and network reliability.

Pyth Network plays a critical role in decentralized finance (DeFi) by supplying real-time, accurate market data for smart contracts. This data supports a wide range of applications, including decentralized exchanges (DEXs), lending protocols, derivatives platforms, and stablecoins that rely on external price feeds for their functionality. Beyond DeFi, Pyth can be used in insurance, prediction markets, and any blockchain-based application that requires secure, reliable real-world data. The PYTH token also serves as a governance tool, allowing holders to influence network upgrades and policies.

Pyth Network was launched in 2021 by the Pyth Data Association, backed by Jump Trading and other prominent institutional contributors. It was created to address the need for high-quality, real-time financial data in blockchain ecosystems, especially for decentralized finance (DeFi) applications. Initially deployed on the Solana blockchain, Pyth has expanded to support multiple chains, enhancing interoperability and broadening its use across the crypto space. The introduction of the PYTH token enabled decentralized governance and incentivized data providers to maintain accurate, high-frequency market feeds for the network.

We update our Pyth Network to USD currency in real-time. Get the live price of Pyth Network on Coinbase.

The current market cap of Pyth Network is $523.96M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Pyth Network is $1.20. This all-time high is highest price paid for Pyth Network since it was launched.

Over the last 24 hours, the trading volume of Pyth Network is $31.12M.

Assets that have a similar market cap to Pyth Network include Aave CRV V2, Curve DAO Token, Decentraland, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Pyth Network is 3.6 billion.

Pyth Network ranks 281 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Yes, Pyth Network is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Pyth Network guide.