Pyth Network PYTH Price Overview
Current Price: $0.101
24h Change: +1.23%
Price Range (24h): $0.0971 – $0.103
Key Metrics
- Market Cap: $583.54 Million (0.02% of total crypto market)
- 24h Trading Volume: $28.49 Million
- All-Time High (ATH): $1.19 (March 16, 2024; -91.5% from ATH)
- Circulating Supply: 5.75B PYTH (57.5% of max supply)
- Total/Max Supply: 10B PYTH
What Is Pyth Network (PYTH)?
Pyth Network is a next-generation blockchain oracle that aggregates real-time financial market data from 70+ trusted providers (e.g., trading firms, exchanges). It delivers high-fidelity price feeds for smart contracts and decentralized applications (dApps), enabling accurate on-chain transactions.
👉 Discover how Pyth Network enhances DeFi data reliability
Core Features
- First-Party Data: Directly sourced from institutional providers.
- Cross-Chain Compatibility: Supports multiple blockchains.
- Low Latency: Sub-second price updates for critical DeFi operations.
PYTH Price Statistics and Supply Dynamics
| Metric | Value |
|---|---|
| Max Supply | 10,000,000,000 PYTH |
| Total Supply | 10,000,000,000 PYTH |
| Circulating Supply | 5.75B PYTH (57.5%) |
| Locked/Reserved | 2.13B PYTH (21.3%) |
PYTH Price Analysis
Current Trends
- Volatility: Moderate (24h range: ±3% around $0.10).
- Market Sentiment: Neutral; trading volume suggests steady interest.
Historical Performance
- ATH: $1.19 (March 2024) – Currently down 91.5%.
- Adoption Drivers: Rising demand for reliable oracles in DeFi and RWA (real-world asset) tokenization.
PYTH to USD Converter (Live)
PYTH | USD
---|---
1 PYTH | $0.101
10 PYTH | $1.01
100 PYTH | $10.10FAQs About Pyth Network
1. How does Pyth Network differ from Chainlink?
Pyth focuses on first-party data from institutional sources, while Chainlink primarily aggregates decentralized node networks. Pyth offers faster updates (<1 second) for high-frequency applications.
2. What affects PYTH’s price?
- DeFi Growth: Increased usage of Pyth’s oracles.
- Crypto Market Trends: Correlation with Bitcoin/ETH movements.
- Supply Releases: Unlocking of reserved tokens may impact liquidity.
3. Where can I buy PYTH?
PYTH is available on major exchanges like OKX, Binance, and Coinbase.
4. Is PYTH a good investment?
While PYTH serves a critical niche, assess your risk tolerance. Diversify and research market conditions before investing.
5. What’s Pyth Network’s long-term vision?
To become the standard for real-time financial data across all blockchains, supporting sectors like derivatives, insurance, and gaming.
Final Thoughts
Pyth Network addresses a vital gap in blockchain’s data infrastructure. Its price stability near $0.10 reflects cautious optimism, but monitor DeFi adoption and macroeconomic factors for future trends.