{"id":44287,"date":"2025-06-14T13:19:04","date_gmt":"2025-06-14T10:19:04","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=44287"},"modified":"2025-06-29T22:24:25","modified_gmt":"2025-06-29T19:24:25","slug":"what-is-pyth-network-pyth","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-pyth-network-pyth\/","title":{"rendered":"What is Pyth Network (PYTH)?"},"content":{"rendered":"<p data-start=\"300\" data-end=\"706\"><strong data-start=\"300\" data-end=\"316\">Pyth Network<\/strong> is a decentralized oracle network that delivers high-quality off-chain market data directly to blockchains. Launched in 2021 on Solana, this protocol provides precise and low-latency price data, especially for DeFi applications. <strong data-start=\"546\" data-end=\"554\">Pyth<\/strong> sources its data directly from exchanges, market makers, and financial institutions, making it faster and more reliable than traditional oracle models.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-pyth-network-pyth\/#Project_Idea\" title=\"Project Idea\">Project Idea<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-pyth-network-pyth\/#How_Does_Pyth_Network_Work\" title=\"How Does Pyth Network Work?\">How Does Pyth Network Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-pyth-network-pyth\/#Ecosystem_and_Use_Cases\" title=\"Ecosystem and Use Cases\">Ecosystem and Use Cases<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-pyth-network-pyth\/#Tokenomics_and_Unlock_Schedule\" title=\"Tokenomics and Unlock Schedule\">Tokenomics and Unlock Schedule<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-pyth-network-pyth\/#Fundraising_and_Investment_Rounds\" title=\"Fundraising and Investment Rounds\">Fundraising and Investment Rounds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/what-is-pyth-network-pyth\/#Roadmap_and_Future_Plans\" title=\"Roadmap and Future Plans\">Roadmap and Future Plans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/what-is-pyth-network-pyth\/#Official_Links\" title=\"Official Links\">Official Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"708\" data-end=\"724\"><span class=\"ez-toc-section\" id=\"Project_Idea\"><\/span>Project Idea<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"726\" data-end=\"1119\">Blockchains cannot access the outside world directly. However, real-world data like prices, stocks, and commodities are essential for applications like DeFi. <strong data-start=\"884\" data-end=\"900\">Pyth Network<\/strong> fills this gap. It enables decentralized, fast, and verifiable data to be used directly on-chain. It is particularly critical for derivatives, lending platforms, and stablecoin systems that require high-frequency data.<\/p>\n<h2 data-start=\"1121\" data-end=\"1152\"><span class=\"ez-toc-section\" id=\"How_Does_Pyth_Network_Work\"><\/span>How Does Pyth Network Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1154\" data-end=\"1395\"><strong data-start=\"1154\" data-end=\"1170\">Pyth Network<\/strong> aggregates price data from multiple providers. Each provider sends the price along with a confidence interval. These inputs are weighted by reliability and compiled into a single price feed, refreshed every 400 milliseconds.<\/p>\n<hr \/>\n<p data-start=\"1397\" data-end=\"1515\"><em>You Might Be Interested In: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/span><\/em><\/p>\n<hr \/>\n<p data-start=\"1397\" data-end=\"1515\">Its pull-based model\u2014where data updates only when needed\u2014reduces transaction costs while improving network efficiency.<\/p>\n<p data-start=\"1609\" data-end=\"1719\">Additionally, data is published on its own blockchain called <strong>Pythnet<\/strong>, which ensures transparency and security.<\/p>\n<p data-start=\"1609\" data-end=\"1719\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-158585 \" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/06\/pyth-network-1.png\" alt=\"pyth network\" width=\"793\" height=\"528\" \/><\/p>\n<h2 data-start=\"1726\" data-end=\"1753\"><span class=\"ez-toc-section\" id=\"Ecosystem_and_Use_Cases\"><\/span>Ecosystem and Use Cases<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1755\" data-end=\"1836\"><strong data-start=\"1755\" data-end=\"1771\">Pyth Network<\/strong> is widely used across the DeFi ecosystem. Key use cases include:<\/p>\n<ul>\n<li data-start=\"1840\" data-end=\"1981\"><strong data-start=\"1840\" data-end=\"1875\">Decentralized Exchanges (DEXs):<\/strong> Platforms like Drift Protocol use <strong data-start=\"1910\" data-end=\"1920\">Pyth\u2019s<\/strong> low-latency feeds for better matching and risk management.<\/li>\n<li data-start=\"1984\" data-end=\"2117\"><strong data-start=\"1984\" data-end=\"2006\">Lending Protocols:<\/strong> Solend and ReactorFusion rely on <strong data-start=\"2040\" data-end=\"2048\">Pyth<\/strong> to calculate collateral ratios and trigger automated liquidations.<\/li>\n<li data-start=\"2120\" data-end=\"2225\"><strong data-start=\"2120\" data-end=\"2136\">Stablecoins:<\/strong> Projects like USDT use <strong data-start=\"2160\" data-end=\"2176\">Pyth Network<\/strong> for real-time price feeds to maintain USD peg.<\/li>\n<li data-start=\"2228\" data-end=\"2338\"><strong data-start=\"2228\" data-end=\"2256\">Derivatives and Options:<\/strong> Platforms like Kwenta use <strong data-start=\"2283\" data-end=\"2291\">Pyth<\/strong> for leveraged trading and options contracts.<\/li>\n<li data-start=\"2341\" data-end=\"2475\"><strong data-start=\"2341\" data-end=\"2364\">Yield Optimization:<\/strong> In areas like yield farming, <strong data-start=\"2394\" data-end=\"2402\">Pyth<\/strong> feeds are used to dynamically track staking data and market performance.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-158583 \" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/06\/pyth-network-scaled.jpg\" alt=\"pyth network\" width=\"1088\" height=\"612\" \/><\/p>\n<h3 data-start=\"2482\" data-end=\"2516\"><span class=\"ez-toc-section\" id=\"Tokenomics_and_Unlock_Schedule\"><\/span>Tokenomics and Unlock Schedule<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2518\" data-end=\"2624\">The total maximum supply of <strong data-start=\"2546\" data-end=\"2554\">PYTH<\/strong> tokens is 10 billion. Current distribution and status are as follows:<\/p>\n<ul>\n<li data-start=\"2628\" data-end=\"2664\">Total distribution progress: 57.5%<\/li>\n<li data-start=\"2667\" data-end=\"2705\">Unlocked: 5.75B <strong data-start=\"2683\" data-end=\"2691\">PYTH<\/strong> (~$611.28M)<\/li>\n<li data-start=\"2708\" data-end=\"2744\">Locked: 2.13B <strong data-start=\"2722\" data-end=\"2730\">PYTH<\/strong> (~$225.91M)<\/li>\n<li data-start=\"2747\" data-end=\"2765\">Next unlock: 21.3%<\/li>\n<\/ul>\n<table>\n<thead>\n<tr>\n<th>Distribution Area<\/th>\n<th>Total<\/th>\n<th>Unlocked<\/th>\n<th>Locked<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Ecosystem Growth<\/td>\n<td>52%<\/td>\n<td>29.5%<\/td>\n<td>22.5%<\/td>\n<\/tr>\n<tr>\n<td>Publisher Rewards<\/td>\n<td>22%<\/td>\n<td>11.2%<\/td>\n<td>10.8%<\/td>\n<\/tr>\n<tr>\n<td>Protocol Development<\/td>\n<td>10%<\/td>\n<td>5.75%<\/td>\n<td>4.25%<\/td>\n<\/tr>\n<tr>\n<td>Private Sales<\/td>\n<td>10%<\/td>\n<td>5.00%<\/td>\n<td>5.00%<\/td>\n<\/tr>\n<tr>\n<td>Community Launch<\/td>\n<td>6.00%<\/td>\n<td>6.00%<\/td>\n<td>&#8211;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 data-start=\"4329\" data-end=\"4360\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-158582 size-large\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/06\/pyth-network-1024x576.png\" alt=\"pyth network\" width=\"1020\" height=\"574\" \/><\/h2>\n<h2 data-start=\"3185\" data-end=\"3222\"><span class=\"ez-toc-section\" id=\"Fundraising_and_Investment_Rounds\"><\/span>Fundraising and Investment Rounds<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"3224\" data-end=\"3346\"><strong data-start=\"3224\" data-end=\"3240\">Pyth Network<\/strong> announced a strategic funding round in December 2023. Major DeFi-focused investors supported the project:<\/p>\n<ul>\n<li data-start=\"3350\" data-end=\"3367\">Delphi Ventures<\/li>\n<li data-start=\"3370\" data-end=\"3389\">Multicoin Capital<\/li>\n<li data-start=\"3392\" data-end=\"3404\">Wintermute<\/li>\n<li data-start=\"3407\" data-end=\"3420\">CMT Digital<\/li>\n<li data-start=\"3423\" data-end=\"3443\">Distributed Global<\/li>\n<li data-start=\"3446\" data-end=\"3466\">Borderless Capital<\/li>\n<\/ul>\n<p data-start=\"3468\" data-end=\"3555\">The exact amount raised was not disclosed, but these firms confirmed strategic backing.<\/p>\n<h2 data-start=\"3562\" data-end=\"3590\"><span class=\"ez-toc-section\" id=\"Roadmap_and_Future_Plans\"><\/span>Roadmap and Future Plans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li data-start=\"3594\" data-end=\"3654\"><strong data-start=\"3594\" data-end=\"3603\">2021:<\/strong> Launched on Solana, initial data feeds published<\/li>\n<li data-start=\"3657\" data-end=\"3731\"><strong data-start=\"3657\" data-end=\"3666\">2022:<\/strong> Pythnet launched, cross-chain functionality added via Wormhole<\/li>\n<li data-start=\"3734\" data-end=\"3795\"><strong data-start=\"3734\" data-end=\"3743\">2023:<\/strong> Governance token <strong data-start=\"3761\" data-end=\"3769\">PYTH<\/strong> launched and airdropped<\/li>\n<li data-start=\"3798\" data-end=\"3868\"><strong data-start=\"3798\" data-end=\"3807\">2024:<\/strong> Supported over 50 blockchains, secured $5B+ in total value<\/li>\n<li data-start=\"3871\" data-end=\"3983\"><strong data-start=\"3871\" data-end=\"3891\">2025 and beyond:<\/strong> More data providers, new asset classes (commodities, stocks, forex), 20% lower latency goal<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-158586 \" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/06\/pyth-network-roadmap.jpg\" alt=\"pyth network\" width=\"992\" height=\"558\" \/><\/p>\n<p data-start=\"3990\" data-end=\"4357\"><strong data-start=\"3990\" data-end=\"4006\">Pyth Network<\/strong> is an innovative oracle solution fulfilling the need for real-time and reliable data in DeFi. Thanks to its technical design and token model, <strong data-start=\"4149\" data-end=\"4157\">Pyth<\/strong> is expected to be integrated by even more platforms in the coming years. It has become a crucial infrastructure component for DeFi protocols requiring high-frequency transactions and precise pricing.<\/p>\n<h2 data-start=\"4364\" data-end=\"4384\"><span class=\"ez-toc-section\" id=\"Official_Links\"><\/span>Official Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li data-start=\"4387\" data-end=\"4429\"><span style=\"color: #0000ff;\"><a class=\"\" style=\"color: #0000ff;\" href=\"https:\/\/pyth.network\/\" target=\"_new\" rel=\"noopener\" data-start=\"4387\" data-end=\"4427\">Official Website<\/a><\/span><\/li>\n<li data-start=\"4432\" data-end=\"4473\"><span style=\"color: #0000ff;\"><a class=\"cursor-pointer\" style=\"color: #0000ff;\" href=\"https:\/\/www.pyth.network\/whitepaper_v2.pdf\" target=\"_new\" rel=\"noopener\" data-start=\"4432\" data-end=\"4471\">Whitepaper<\/a><\/span><\/li>\n<li data-start=\"4476\" data-end=\"4524\"><span style=\"color: #0000ff;\"><a class=\"\" style=\"color: #0000ff;\" href=\"https:\/\/twitter.com\/PythNetwork\" target=\"_new\" rel=\"noopener\" data-start=\"4476\" data-end=\"4522\">X (Twitter)<\/a><\/span><\/li>\n<li data-start=\"4527\" data-end=\"4568\"><span style=\"color: #0000ff;\"><a class=\"cursor-pointer\" style=\"color: #0000ff;\" href=\"https:\/\/discord.com\/invite\/PythNetwork\" target=\"_new\" rel=\"noopener\" data-start=\"4527\" data-end=\"4568\">Discord<\/a><\/span><\/li>\n<\/ul>\n<p><script type=\"text\/javascript\" src=\"https:\/\/files.coinmarketcap.com\/static\/widget\/currency.js\"><\/script><\/p>\n<div class=\"coinmarketcap-currency-widget\" data-currencyid=\"28177\" data-base=\"USD\" data-secondary=\"\" data-ticker=\"true\" data-rank=\"true\" data-marketcap=\"true\" data-volume=\"true\" data-statsticker=\"true\" data-stats=\"USD\"><\/div>\n<hr \/>\n<p data-start=\"3990\" data-end=\"4357\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<span style=\"color: #0000ff;\"><a href=\"https:\/\/t.me\/coinengineernews\">Telegram<\/a><span style=\"color: #000000;\">,<\/span>\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">YouTube<\/a><\/span><span style=\"color: #000000;\">,<\/span>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"color: #0000ff;\">Twitter<\/span><\/a>\u00a0channels for the latest<span style=\"color: #0000ff;\">\u00a0<a style=\"color: #0000ff;\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a><\/span>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pyth Network is a decentralized oracle network that delivers high-quality off-chain market data directly to blockchains. Launched in 2021 on Solana, this protocol provides precise and low-latency price data, especially for DeFi applications. Pyth sources its data directly from exchanges, market makers, and financial institutions, making it faster and more reliable than traditional oracle models.<\/p>\n","protected":false},"author":28,"featured_media":44359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,657,5],"tags":[13108,345,93,381,18166,2146,3879,2451,17613,319,205,6645],"class_list":["post-44287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi-projects","category-en","category-project-review","tag-blockchain-data","tag-cross-chain","tag-defi","tag-governance-token","tag-high-frequency-trading","tag-oracle","tag-pyth","tag-pyth-network","tag-real-time-data","tag-solana","tag-tokenomics","tag-web3-infrastructure"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Pyth Network (PYTH)? - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-is-pyth-network-pyth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Pyth Network (PYTH)? - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Pyth Network is a decentralized oracle network that delivers high-quality off-chain market data directly to blockchains. Launched in 2021 on Solana, this protocol provides precise and low-latency price data, especially for DeFi applications. 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