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Pyth Network PYTH |
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€0.0575406 |
2.13 % (24h) |
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Marketcap |
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€453,130,074 |
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Volume 24h |
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€28,157,503 |
Description
Pyth Network (PYTH) is a specialized decentralized oracle network that focuses on providing high-fidelity, real-time financial market data to the blockchain. It aggregates price feeds from over 90 first-party data providers, including major global exchanges and high-frequency trading firms. Pyth is designed for low-latency applications like perpetual exchanges and lending markets that require institutional-grade accuracy for their on-chain operations. The PYTH token is used for governance, allowing stakers to participate in the selection of data providers and the overall development of the protocol’s infrastructure.