PYTH
PYTH Rank #117
OracleDeFi
₹4.76
▼ 2.72%
24h
Market Cap
₹37,510,900,240
24h Volume
₹111,930
All-Time High
₹114.71
All-Time Low
₹2.83
Circ. Supply
7,874,981,681
of 10,000,000,000 max
Fully Diluted
₹47,633,000,000
Price Chart
24h Price Range
INR
₹4.65
₹4.88
Overview
About PYTH
Pyth Network supplies real-time financial market data, such as prices for stocks, crypto, and commodities, directly on-chain for use by decentralized apps. Its token, PYTH, is used for governance and rewarding data providers.
Pyth Network was developed by Pyth Data Association with contributions from major trading firms and exchanges, including Jump Trading and Jane Street, launching in 2021. Rather than scraping data from public APIs like many oracles, Pyth sources prices directly from the institutions actually trading the assets.
Financial institutions that trade an asset publish their own price data directly to Pyth, which aggregates these first-party submissions into a single, confidence-weighted price feed available on-chain. This first-party sourcing model is designed to deliver faster, more accurate prices than oracles that rely on third-party data aggregation.
PYTH is used for governance over the network's parameters and fee structure, and data publishers can be rewarded or penalized based on the accuracy of their submissions through staking mechanisms. Pyth's price feeds are used across a large number of DeFi protocols for lending, derivatives, and trading applications.
Key Facts
Market Rank#117
Max Supply10,000,000,000
Circulating7,874,981,681 PYTH
SymbolPYTH
