What is Pyth / $PYTH #PythNetwork #PYTH $PYTH

• Pyth Network is a decentralized oracle network that delivers real-time financial market data (prices, etc.) to smart contracts and blockchain applications.

• The PYTH token serves governance and utility purposes in the Pyth ecosystem — holders can participate in protocol governance, decide fees, reward distributions, and related matters.

• It is implemented as an SPL token on Solana (and also has support on other chains, e.g., via bridges / wrapped versions)

Tokenomics & Supply

• Circulating Supply: ~ 5,749,983,370 PYTH

• Max / Total Supply: 10,000,000,000 PYTH

• The difference between max and circulating supply implies that a portion of PYTH tokens are locked, reserved, or to be released over time via vesting, allocations, or other mechanisms.

Current Price & Market Behavior

• The price is about $0.1593 USD currently.

• Historically, PYTH has seen volatility. It once reached an all-time high of around $1.20 in March 2024.

• Recently, PYTH surged significantly after the U.S. Department of Commerce selected Pyth Network to deliver official macroeconomic data on-chain (e.g. GDP data).

• The rally highlighted how real-world institutional adoption or partnerships can influence token valuation.

Use Cases & Strengths

• Oracle Services: Pyth provides low-latency, high-fidelity price feeds for various assets (cryptos, equities, commodities, FX).

• Governance & Incentives: PYTH token enables participation in governance, incentivizes data providers, and helps align incentives in the network.

• Cross-chain support: The Pyth network aims to serve many blockchains, making its data available across ecosystems.

Risks & Considerations

• Token unlocks / vesting: Future token releases (locked or reserved tokens) could dilute circulating supply and affect price.

• Competition: Other oracle networks (e.g. Chainlink) compete in this space.