Description
Pyth Network is a decentralized data oracle built on the Solana blockchain, providing high-fidelity, real-time market data to smart contracts. Launched in 2021, it aggregates pricing data from top trading firms and exchanges, ensuring low-latency and reliable data for decentralized financial (DeFi) systems. Key features include a data aggregation model, decentralized publishing, and cross-blockchain integration via Wormhole. Pyth Network (PYTH) has a total supply of 9,999,988,916 tokens, with approximately 3,624,988,916 in circulation, and is actively traded across 255-258 markets. The token demonstrates substantial liquidity with significant 24-hour trading volumes up to $88,250,818.65. Market prices range between 0.29087938 USD and 0.36193746 USD, exhibiting both gains and losses over short periods. This unique combination of reliable data sourcing and significant market activity positions Pyth Network as a pivotal player in the blockchain financial ecosystem.
Pyth Network is a decentralized data oracle built on the Solana blockchain, providing high-fidelity, real-time market data to smart contracts. Launched in 2021, it aggregates pricing data from top trading firms and exchanges, ensuring low-latency and reliable data for decentralized financial (DeFi) systems. Key features include a data aggregation model, decentralized publishing, and cross-blockchain integration via Wormhole. Pyth Network (PYTH) has a total supply of 9,999,988,916 tokens, with approximately 3,624,988,916 in circulation, and is actively traded across 255-258 markets. The token demonstrates substantial liquidity with significant 24-hour trading volumes up to $88,250,818.65. Market prices range between 0.29087938 USD and 0.36193746 USD, exhibiting both gains and losses over short periods. This unique combination of reliable data sourcing and significant market activity positions Pyth Network as a pivotal player in the blockchain financial ecosystem.
