#PYTH

Pyth Network is a decentralized oracle that receives financial market data and distributes it across more than 40 blockchains. The governance token is PYTH.

When and by whom was PYTH founded?

PYTH was developed by Duoro Labs founder Michael Cahill, along with Jayant Krishnamurthy and Ciaran Cronin.

PYTH's infrastructure

Working on the Solana network, Pyth has a decentralized infrastructure. It works with three different components: data providers, Pyth protocol, and data users.

What does PYTH promise to its users?

PYTH receives financial market data and distributes it to more than 40 blockchains, with the contribution of more than 90 publishers, including central exchanges and market making firms. It confirms the accuracy of the data with proof of authority. It creates a combined price and confidence interval every 400 milliseconds.

Is PYTH mining done?

PYTH is not a type of cryptocurrency that can be mined.

Lowest price to highest price and total supply

To date, PYTH saw its highest price at $0.6544 on November 20, 2023, and its lowest price at $0.2774 on the same date. The circulating supply of the cryptocurrency, whose total supply is 9,999,994,961 PYTH, is 1,499,994,961 PYTH.