PYTH
Pyth Network
PYTH

Pyth Network price

in USD
$0.12939
-$0.01229 (-8.68%)
USD
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Market cap
$743.30M #65
Circulating supply
5.75B / 10B
All-time high
$1.1600
24h volume
$36.09M
4.2 / 5
PYTHPYTH
USDUSD

About Pyth Network

Solana
Official website
White Paper
Github
Block explorer
CertiK
Last audit: 3 Jun 2021, (UTC+8)

Pyth Network’s price performance

Past year
-66.50%
$0.39
3 months
-10.52%
$0.14
30 days
+32.70%
$0.10
7 days
-9.77%
$0.14

Pyth Network on socials

luluisangry
luluisangry
Monad's MEV LST @apr_labs released the aggregator Swapr over the weekend after launching the dex Capricorn to address order flow issues. Coincidentally, Solana side @anza_xyz, in collaboration with Jito and others, published an article this week titled The Internet Capital Markets Roadmap, focusing on how to effectively implement CLOB on Solana, and released customized trading flow tools BAM and Anza's new product, creating an interesting resonance. It is clear that whether it is Monad, Solana, or other public chains, after several years of AMM explosion, how to establish an on-chain Nasdaq and effectively create a CLOB has become the most critical issue. This competition is not just a comparison of product features, but a comprehensive race from the underlying consensus of the chain, MEV infrastructure, to the overall competition of DEX. How can public chains become true liquidity centers? Perhaps it is not about volume or TVL, but for traders and market makers, it is about the most effective order execution. For market makers who can finally move on-chain, one unavoidable topic is the issue of adverse selection/toxic order flow: how to avoid being targeted by insiders and bots, allowing market makers to remain profitable while protecting the interests of all market participants? Hyperliquid, according to Thejaswini MA's article, mainly reduces the priority of fast "eating orders". Under specific conditions, the priority of canceling orders and special orders like limit orders can be higher than that of regular orders, partially solving this problem. Let's look at the different approaches represented by Apriori and Jito. 1. Monad side: Swapr + Capricorn + Apriori Swapr, as a DEX aggregator, proposes to classify order flow using AI, employing machine learning methods like Fast path: XGBoost + LightGBM to evaluate orders. It will score based on trading characteristics and historical data; if it is a clean order, it can be sent to Capricorn, while toxic orders will incur higher fees and be sent elsewhere, such as to AMM. As a DEX, Capricorn, with Swapr, clearly has a more favorable order flow for market makers, potentially achieving an ideal insider-free trading environment, maintaining lower spreads while ensuring profitability for market makers and protecting the interests of most market participants on Capricorn. At the underlying level, Apriori's MEV plays a key role. Swapr will collect rich trading information based on Apriori RPC, and of course, we must not forget Monad, which, in addition to high performance, has the richest data treasure in the EVM network effects and historical data. Solana side: Jito + Anza + Doublezero, etc. Jito developed the Block Assembly Marketplace (BAM), a plug-and-play CLOB plugin tool, allowing each application to set its own trading sorting rules for the first time. Drift, Pyth, and Dflow have already begun to apply it, aiming to outperform other CLOBs in the market; Anza is responsible for reducing transaction sending delays, ensuring smooth transaction delivery, while projects like Doublezero further reduce latency from the hardware level through fiber optics. Solana's new consensus Alpenglow enhances finality confirmation to the millisecond level. Different ideas, different weapons, same goal. As products continue to launch, we will start to see results in the second half of this year. Of course, besides products, the ability to coin terms is also quite critical. Go flow-aware routing!
Gallery 1
aPriori ⌘
aPriori ⌘
1/ Today, we’re announcing Swapr: the AI-powered DEX aggregator that works for you. In TradFi, order flow segmentation enables PFOF where value accrues to brokers & MMs. Swapr flips that: instead of selling user flow, it identifies high-value users and improves their execution.
2.44K
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Pyth Network 🔮
Pyth Network 🔮
Asian expansion begins. Next up: $5T in equity markets, coming onchain. Live, real-time, and open to all. Pyth is unlocking a new region of opportunity 🌐
Gallery 1
4.11K
70
gala⚡$M | 🐜
gala⚡$M | 🐜
🧐 @shoutdotfun's airdrop from last week has been sent out, the bosses in the front row must have made a killing!!! Currently, the market cap of Dragon One @tickerenergy's $ENERGY is $460,000, Dragon Two $666 has a market cap of $250,000, and @nancy_c813's $CHAO is now at $200,000. Let's see which one can break out! Three main ways to earn points: 1. Tweet with tags, the more replies, the higher the weight 2. Hold tokens, buy whichever coin you want to boost, even buying 0.1 sol is fine Also, @pogeonsolana's $python is very strong, the trend looks good, so you can keep an eye on it!!! $SHOUT $UDOG $BANE $SCAT $FAN $MGANG $ENERGY $SHOUT $Bane $Chao $BOOM $666
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Pyth Network FAQ

Currently, one Pyth Network is worth $0.12939. 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

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Market cap
$743.30M #65
Circulating supply
5.75B / 10B
All-time high
$1.1600
24h volume
$36.09M
4.2 / 5
PYTHPYTH
USDUSD
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