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Pyth Network Price

(PYTH)

THB(฿)

Note: This cryptocurrency has not yet been officially listed on KuCoin Thailand.

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Pyth Network (PYTH) Live Price Chart

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    Note: This data is for reference only.
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    PYTH(PYTH) Profile

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    ATH
    ฿37.97
    Price Change (1h)
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    Price Change (24h)
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    Price Change (7d)
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    Market Cap
    24h Volume
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    Circulating Supply
    7.87B
    Max Supply
    10B

    About Pyth Network

    • What Is Pyth Network (PYTH) Crypto?

      Pyth Network delivers real-time market data from various institutions to smart contracts on any blockchain. Pyth Network specializes in providing reliable, accurate, and real-time market data, which is essential for the functioning of smart contracts across different blockchain ecosystems.

      It supports over 35 blockchain ecosystems, including Ethereum, BNB Chain, and others. Pyth Network employs a unique pull oracle design, allowing applications to "pull" the latest price data onto their native blockchain as needed.

      It is a decentralized oracle platform integrating real-time market data into smart contracts on blockchain networks.

      The PYTH token is the native cryptocurrency of the Pyth Network. It plays a crucial role in the network's ecosystem.

    • How Does Pyth Network Work?

      Pyth Network aggregates and distributes real-time, high-fidelity market data, primarily for use in decentralized finance (DeFi) applications. Here's an overview of how it works:

      Data Providers

      Pyth Network collaborates with various data providers, including trading firms, exchanges, and other financial institutions. These providers contribute their market data, such as asset prices and forex rates, to the network.

      High-Fidelity Data

      The network focuses on providing high-fidelity (high-quality and accurate) data. This is crucial in financial markets where even slight inaccuracies or delays can lead to significant consequences.

      Aggregation and Processing

      The data from various providers is aggregated and processed. This process involves ensuring the data's accuracy and consistency and filtering out anomalies or inaccuracies that might occur in individual data feeds.

      Decentralized Oracle Network

      Pyth Network functions as a decentralized oracle network. Oracles in blockchain are services that provide external data (in this case, market data) to smart contracts. Being decentralized, Pyth Network ensures that no single entity controls or manipulates the data.

      Smart Contracts Access

      The processed data is then made available to smart contracts on various blockchain platforms. This allows DeFi applications, prediction markets, and other blockchain-based financial tools to access real-time market data.

      Sub-second Updates

      One of the key features of Pyth Network is its ability to provide data updates on a sub-second timescale. This is particularly important in fast-moving financial markets.

    • History of Pyth Network and PYTH Coin

      Pyth Network was launched into its mainnet on August 26, 2021. Initially, it began on the Solana blockchain, with 25 data providers supplying their proprietary data to the network. This launch marked the beginning of Pyth Network's journey in providing real-time market data for smart contracts across various blockchain platforms.

      Over 90 major market participants, including well-known entities like Jane Street and CBOE, contribute to the Pyth Network. This participation from major financial players indicates a strong trust in the network's capabilities.

      As of the latest reports, Pyth Network has become the second-largest oracle on DefiLlama and secures a significant portion of all DEX trading volume globally. Pyth Price Feeds are now available on Core, marking a significant infrastructure expansion. This integration is key to supporting a healthy ecosystem in the blockchain space.

      Pyth Network's future vision, as outlined in its whitepaper, is to become a self-sustaining and completely decentralized network. This vision indicates a long-term commitment to decentralization and community-driven development.

      KuCoin listed PYTH token for trading on our platform in November 2023. Pyth Network was the second project featured on the KuCoin Pre-Market Trading platform.

    • What Is PYTH Token Used for?

      PYTH is the native token of the Pyth Network ecosystem and has the following use cases:

      Participate in Decentralized Governance via Pyth DAO

      PYTH token holders typically have governance rights to participate in decision-making processes regarding the network's future development, updates, and changes via the Pyth DAO. This can include voting on proposals related to network upgrades, integration of new data providers, and other significant decisions.

      Incentives for Data Providers and Validators

      Data providers and validators on the Pyth Network might be incentivized through PYTH tokens. Data providers contribute real-time market data, while validators help verify and ensure this data’s accuracy. Incentivizing these participants is crucial for maintaining a high-quality and reliable data feed.

      Pyth Network’s Retrospective Airdrop

      Pyth Network has implemented a retrospective airdrop program involving the PYTH token. This airdrop program is designed to reward early adopters and contributors to the network, fostering a sense of community and encouraging further participation.

      Trading and HODLing PYTH

      Trade Pyth Network token against other cryptos on the KuCoin Spot Market to make the most of changing market conditions. Buy or sell PYTH, or hold it long-term if you believe in the future potential of the Pyth Network project. Ensure that you undertake new trading decisions only after you do your own research (DYOR).

    FAQ

    Is Pyth Network (PYTH) a Good Investment?

    Here are some reasons why you could consider investing in $PYTH crypto:

    Innovative Decentralized Oracle Solution

    Pyth Network offers a unique solution in the blockchain oracle space, providing high-fidelity, real-time market data. Its approach to aggregating data from multiple first-party sources is an innovative step in the DeFi ecosystem.

    Strong Backing and Partnerships

    Pyth Network is supported by a consortium of major players in both the traditional finance and crypto industries. This includes well-known trading firms, exchanges, and other financial institutions, which could lend credibility and stability to the project, supporting the Pyth Network price.

    Cross-chain Functionality

    The Pyth Network’s ability to provide data across multiple blockchain ecosystems enhances its utility and potential for widespread adoption. This cross-chain functionality can be a significant advantage in an increasingly interoperable blockchain world.

    Growth of the DeFi Ecosystem

    As the DeFi market continues to grow, the demand for reliable, real-time market data will likely increase. Pyth Network's role in this space could become increasingly important, potentially driving the value of PYTH token.

    First-Mover Advantage

    Being one of the early projects to tackle the challenge of providing high-fidelity data to smart contracts, Pyth Network might benefit from a first-mover advantage in its niche.

    What Is Pyth Network Price Prediction?

    While the volatility in the crypto market makes it challenging to offer a reliable PYTH price prediction, the following factors could help you understand the price movements in Pyth Network crypto:

    Level of Adoption of Pyth Network

    The adoption rate of Pyth Network in the DeFi and broader blockchain ecosystem can influence the PYTH price. As more platforms and users utilize Pyth Network for real-time market data, the perceived value and demand for PYTH tokens may increase.

    Future Developments in Pyth Network Roadmap

    Advances in Pyth Network's technology, successful deployment of updates, and new feature releases can positively impact investor confidence and, consequently, the Pyth Network price.

    Pyth Network’s Partnerships and Collaborations

    Announcements of new partnerships, especially with significant players in the finance or blockchain sectors, can boost the token's credibility and demand, potentially increasing the PYTH to USD price.

    Crypto Market Sentiment and Speculation

    Like other cryptocurrencies and tokens, the PYTH token price can be influenced by market sentiment and speculative trading activities. News, announcements, and market perceptions about the Pyth Network's developments and partnerships can impact investor sentiment and, consequently, the price of Pyth Network token.

    How to Earn on Pyth Network

    You can participate in the Pyth Network to earn rewards:

    1. Participating in Airdrops

    Engaging with the Pyth Network ecosystem, such as using decentralized applications incorporating Pyth data or being active in the community, can make users eligible for airdrops like the Pyth Network Retrospective Airdrop.

    2. Providing Data

    If you have access to high-quality financial data, you could become a data provider on the Pyth Network. This might involve some form of compensation, although specifics would depend on the network's policies and the value of the data provided.

    How to Participate in Pyth Network Airdrop

    The Pyth Network Retrospective Airdrop, announced on November 1, 2023, is a significant event in the cryptocurrency space. This airdrop is designed to reward community members who have actively contributed to the Pyth ecosystem, culture, and community.

    It distributes PYTH Tokens to these members, particularly those who have engaged with dApps that utilize data from the Pyth Network. This airdrop is notable for being a cross-chain program, reflecting the Pyth Network's appreciation for its dedicated community members across various blockchain ecosystems.

    Eligibility for the airdrop extends to those who have interacted with applications using Pyth data on any supported blockchain. This includes blockchains such as Solana, Aptos, Sui, Cosmos, and the Ethereum Virtual Machine (EVM) ecosystem.

    The retrospective airdrop encompasses over 200 dApps across 27 blockchains, making it one of the largest of its kind. The program targets a wide array of users, covering approximately 75,000 wallets. This extensive reach underlines the Pyth Network's commitment to its community and its role in the DeFi sector.

    Participating in the Pyth Network Retrospective Airdrop primarily involves two categories of eligibility:

    1. DeFi Participants

    To qualify, individuals should have interacted with decentralized applications (dApps) that use Pyth Network data. The eligibility was determined based on a snapshot of on-chain activity as of September 1, 2023. The airdrop allocation for these participants depends on their level of on-chain activity with dApps using Pyth data. The wallets were analyzed and categorized into three buckets based on the number of interactions, with a total allocation of 200 million tokens distributed among these buckets.

    2. Community Members

    Eligibility in this category is based on community involvement. Criteria include holding a special role in the official Pyth Network Discord server, owning a Pyth Network NFT, or being an active member of the Pyth Network Ambassador Programs. The snapshot for this was taken on October 25, 2023. This category involves a global snapshot of SPL wallets, and transferring NFTs before or after the snapshot does not affect eligibility for new wallet addresses.

    What is the all-time high price of Pyth Network (PYTH)?

    The all-time high price of Pyth Network (PYTH) is ฿37.97. The current price of PYTH is down -- from its all-time high.

    How much Pyth Network (PYTH) is there in circulation?

    As of 8 8, 2026, there is currently 7.87B PYTH in circulation. PYTH has a maximum supply of 10B.

    How do I store Pyth Network (PYTH)?

    You can store your Pyth Network in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your PYTH include using a self-custody wallet (on a web browser, mobile device, or desktop), a hardware wallet, a third-party crypto custody service, or a paper wallet.