Pyth Network

PYTH is the governance and staking token of Pyth Network, an oracle feeding real-time prices to blockchains.

Pyth Network is an oracle: it brings market data from outside the blockchain, such as prices of crypto, stocks, currencies and commodities, into smart contracts. The data comes directly from more than 138 exchanges, trading firms and other institutions, and Pyth combines it into price feeds used on over 100 blockchains. Its main on-chain users are decentralised lending markets and perpetual futures exchanges, especially on Solana, which rely on these prices to value collateral and liquidate positions.

PYTH is a token on Solana, launched with an airdrop on 20 November 2023. Its supply is fixed at 10 billion and no one can mint more. About 7.9 billion PYTH circulated in September 2026; the last locked tranche, about 2.1 billion, is scheduled to unlock in May 2027. Holders stake PYTH to vote in the Pyth DAO, which manages the treasury, decides data fees directly or through its Pythian Council, and elects councils.

Holders could also stake PYTH behind data publishers in Oracle Integrity Staking, where stake can be cut (slashed) for bad data. Rewards came from a fixed 100 million PYTH pool, which ran out in April 2026; the reward rate is now zero, although staking and slashing continue.

Pyth now earns money mainly by selling data. Pyth's annual recurring revenue, led by Pyth Pro subscriptions for institutions, passed $10.4 million in August 2026, and apps also pay small fees for price updates and randomness. The DAO receives 60% of Pyth Pro revenue and, each month, spends a third of its treasury buying PYTH on the market; the tokens stay in the treasury and are not paid out to holders.