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BTC
$97,245
+2.5%
ETH
$3,642
+1.8%
BNB
$672
+3.2%
SOL
$248
+4.1%
XRP
$2.85
+5.3%
ADA
$1.24
+2.9%
DOGE
$0.42
+6.2%
LINK
$28.50
+1.5%

Pyth Network

Pyth Network supplies real-time market data for decentralized applications.

Decentralized oracle network

pyth.networkFounded 2021

About

Pyth Network is a decentralized oracle solution that provides timely and high-frequency financial market data directly on-chain for blockchain and DeFi projects. It functions as a crucial data infrastructure layer for Web3, offering precise price feeds for cryptocurrency, stocks, forex, commodities, and ETFs. Unlike other oracles, Pyth derives its data directly from institutional-grade data providers and trading firms, thus emerging as one of the fastest-growing DeFi oracle solutions. Key Features of Pyth Network • • Updates price feeds in milliseconds to facilitate faster DeFi trades and executions. • Operates on 50 to 100+ blockchains, including Ethereum, Solana, Arbitrum, Optimism, and BNB Chain via Wormhole. • Follows a pull-based model where dApps fetch data, resulting in lower gas costs and improved scalability. • Provides highly precise data for cryptocurrencies, stocks, forex, commodities, and ETFs in DeFi applications.

FAQs

  • Pyth Network provides real-time price feeds used by DeFi apps, trading platforms, and smart contracts for accurate on-chain pricing.