What is the current price of Pyth Network?
The current price of Pyth Network is $0.05548 with a 3.19% change in the last 24 hours.
Pyth Network is an oracle network that publishes real-time financial market data on-chain so smart contracts can price assets, trigger liquidations, and settle positions. Its defining design choice is first-party sourcing: prices are contributed directly by the exchanges, trading firms, market makers, and banks that originate them, rather than by third-party node operators reading public APIs. Pyth's documentation describes data from "120+ first-party providers" that "can be verified on 100+ blockchains." PYTH is the network's governance token and the asset staked in its data-quality staking system.
Official resources:
Pyth was announced in 2021 and incubated inside Jump Trading, whose market-making operations supplied the original model for first-party price publishing. Mainnet went live on Solana in August 2021 with a modest set of feeds and publishers, and the publisher roster expanded through the following years.
In July 2023 the team building Pyth spun out of Jump into an independent company, Douro Labs, which became a core contributor to the network. Douro Labs was founded by Michael Cahill, Jayant Krishnamurthy, and Ciarán Cronin, with Cahill serving as chief executive. Pyth today is not controlled by a single company. Protocol parameters sit with the Pyth DAO, and Douro Labs is one contributor among several.
The PYTH token was first distributed in November 2023 through a retrospective airdrop funded from the network's Community and Launch allocation, targeted at wallets that had used applications built on Pyth data across a wide set of chains.
Three roles define the system. Publishers submit prices to Pyth's oracle program, consumers read the resulting values, and the program in between performs aggregation. The documentation states that Pyth "has multiple data publishers for every product to improve the accuracy and robustness of the system."
Publishers submit both a price and a confidence value on every slot. The first update in a slot triggers aggregation, which "combines the price data from the previous slot into a single aggregate price and confidence interval." That confidence band is important in practice: consuming contracts can read how much publishers disagree and widen their own safety margins when the market is unsettled, instead of treating a single number as certainty.
Aggregation has historically run on Pythnet, a dedicated appchain, with the resulting prices delivered cross-chain to consumers. Delivery uses a pull model. Rather than pushing every tick to every supported chain, Pyth makes signed updates available off-chain, and an application posts the update on-chain at the moment it needs a fresh price, paying an update fee. This keeps the cost of supporting many chains manageable, but it moves responsibility onto integrators, who must fetch and post updates correctly.
The network has announced a significant infrastructure change. Under governance proposal OP-PIP-100, Pythnet is planned for retirement later in 2026, with delivery moving to Pyth Lazer, described as infrastructure "built for customizable delivery" with configurable update channels ranging from 1ms to 200ms. Pyth Core, the permissionless feed set, is documented at a 400ms update frequency.
PYTH has two functions, and it is worth being precise about both.
Governance. PYTH is staked to vote, using what the documentation calls a "1:1 coin-voting system, where each staked token confers one vote." Submitting a proposal requires 0.25% of total staked PYTH, and voting runs for seven days. The DAO decides matters including update fees, publisher reward distribution, and every parameter of the staking system such as stake caps, delegation fees, and slashing amounts.
Oracle Integrity Staking. Publishers self-stake PYTH as collateral against the quality of their data, and other holders can delegate to specific publishers. If a publisher delivers faulty data that harms protocols, stake can be slashed. Slashing is bounded by a hard percentage cap and only affects the pools tied to the responsible publisher, with delegators slashed proportionally alongside them. Slashable stake must be unlocked PYTH, while governance staking accepts both locked and unlocked tokens.
The economics changed materially in 2026. Under OP-PIP-103 the network set the OIS reward rate to zero, ending new staking rewards while leaving staking and slashing live. Pyth described the shift as a move from subsidy-based emissions toward a revenue model in which protocol revenue funds monthly open-market PYTH purchases by the DAO treasury. Anyone evaluating PYTH should read the current governance record rather than assume older reward mechanics still apply.
On supply, the token has a fixed total of 10 billion units. Roughly 15% was unlocked at launch in November 2023, with the remainder scheduled to unlock at 6, 18, 30, and 42 months after that launch.
The first-party publisher model is the core differentiator. Data comes from firms that produce prices as a byproduct of their own trading rather than from intermediaries reselling it, which shortens the chain between the market and the smart contract. The confidence interval is the second. Publishing an explicit uncertainty band alongside each price gives integrators a native way to detect thin or dislocated markets. The third is the pull architecture, which is what makes supporting a hundred-plus chains economically practical.
Chainlink is the largest oracle network and has historically relied on a push model in which node operators publish updates on a schedule or on price deviation, and it offers a broader menu of services beyond price data. Pyth instead optimizes for high-frequency financial data pulled on demand. API3 shares the first-party philosophy but delivers it through a different architecture in which data providers run their own serverless endpoints. RedStone focuses on modular delivery and a wide asset menu. Band Protocol uses a delegated proof-of-stake chain to source and relay data. Pyth is also unusual among oracles in selling a subscription market data product to institutions, which puts it in competition with traditional data vendors rather than only with other crypto oracles.
Perpetual futures venues use Pyth for mark prices and funding calculations. Lending markets use it to value collateral and trigger liquidations. Options and structured product protocols use the price plus confidence band to price and hedge. Tokenized equity, commodity, and FX products rely on it for assets that have no on-chain market of their own. Prediction and settlement systems use it to resolve outcomes. Beyond price data, Entropy supplies on-chain randomness for applications that need it.
Security rests on several layers. Aggregating across many independent publishers makes a single bad source hard to convert into a bad price. The confidence interval gives integrators a signal when publishers disagree. Oracle Integrity Staking adds economic consequence by putting publisher and delegator capital at risk for poor data quality, with the DAO controlling the parameters. Source code is public on GitHub, and governance decisions are recorded on the public forum. Cross-chain delivery introduces a dependency on the messaging layer that carries prices off the aggregation chain, which is a genuine part of the trust model rather than an implementation detail.
Oracle failure is systemic for anything built on it, so a fault at Pyth would propagate to dependent protocols rather than stay contained. The pull model shifts real responsibility onto integrators, and applications that fail to enforce staleness checks or ignore the confidence interval can consume outdated prices even when the oracle is functioning correctly. The slashing mechanism has never been exercised in practice, since no slashing proposals have been submitted to the DAO across the program's lifetime, which means its deterrent effect is untested rather than proven. Ending OIS rewards removes an incentive that attracted stake, and the level of stake securing publisher pools may change as a result. Retiring Pythnet in favor of Pyth Lazer is a change to load-bearing infrastructure and carries migration risk for integrators. The revenue-based model depends on Pyth Pro winning subscribers against entrenched incumbents in institutional market data, which is not assured. Scheduled token unlocks remain a supply consideration.
Market data is the input that decides what gets liquidated, what settles at what price, and what a position is worth. Most of DeFi outsources that judgment to an oracle, which makes the oracle layer one of the highest-leverage pieces of infrastructure in the industry. Pyth's contribution is to route that supply chain back to the firms that generate prices in the first place, and to attach an explicit measure of uncertainty to every value it publishes. Its move into subscription data is an attempt to fund that infrastructure from a customer base outside crypto, which is a different sustainability path than emissions-funded oracle networks have taken.
PYTH is a Solana-based token and is also represented on Neon EVM and Manta Pacific. It is listed on a broad range of centralized exchanges and trades on Solana decentralized exchanges. Before trading on a decentralized venue, verify the token mint against the address published in Pyth's official documentation, since token tickers are not unique and lookalike listings exist. When withdrawing from a centralized exchange, confirm you are selecting the correct network for the wallet you intend to use.
For the Solana version, a Solana wallet such as Phantom or Solflare handles PYTH natively, and both can be paired with a Ledger hardware device for offline key storage. Staking for governance or for Oracle Integrity Staking is done through the official staking application, which connects a self-custodied wallet rather than requiring a deposit to a third party. If you hold a bridged representation on another chain, use a wallet appropriate to that chain and understand that the bridge becomes part of your risk. Exchange custody is convenient but forfeits both self-custody and the ability to participate in governance.
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Read the complete paper trading guideThe current price of Pyth Network is $0.05548 with a 3.19% change in the last 24 hours.
The daily trading volume is $3,422,400 representing a 3.69% change in the past 24 hours.
The market capitalization of Pyth Network is $436,895,881, ranking #101 globally.
The fully diluted valuation (FDV) of Pyth Network is $554,791,154, calculated assuming the maximum supply of 10,000,000,000 PYTH is in circulation.
Circulating: 7,874,961,199. Total: 10,000,000,000. Max: 10,000,000,000.
In the last 24 hours, Pyth Network traded between a low of $0.05228 and a high of $0.05842.
PYTH/USDTTether USDT0.05548 USDT
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