Pyth Network (PYTH) is a first-party financial oracle network that provides real-time market data for cryptocurrencies, stocks, currencies, and commodities to over 80 blockchains.
Over 120 market participants, including prominent firms such as Jane Street, CBOE, Binance, OKX and Bybit, contribute data to the network.
Main features:
First-Party Data: Pyth sources data directly from leading financial institutions, including some of the largest exchanges, market makers, and trading firms, ensuring accurate, low-latency data.
Universal Access: Each of Pyth’s 540+ price feeds are available on over 80 supported blockchains, allowing developers to build applications with high-quality data regardless of the chain of choice.
Pull oracle architecture: Applications choose when real-time prices appear on-chain, paying only for what they need and ensuring critical updates are delivered as needed.
Utilities:
Smart Contract Integration: Developers can integrate real-time price feeds into their smart contracts, improving the accuracy and security of decentralized applications.
Market Data Access: Pyth provides high-fidelity market data, allowing applications to access accurate, up-to-date information for a variety of asset classes.
Multi-Blockchain Support: The network supports a wide range of blockchains, including Solana, EVM, Aptos, and Sui, facilitating application scalability and expansion.
Whitepaper:
Pyth Network's whitepaper, titled "Pyth Network: A First-Party Financial Oracle," is available on its official website.
Last updated September 2023.
Pyth Network (PYTH) Annual Price Evolution:
This is a list of the approximate price of PYTH at the end of each year since its launch:
2021: $0.50
2022: $0.30
2023: $0.40
2024: $0.431278 (as of November 27)
* Pyth stands out for its focus on first-party data, which in my opinion positions it as a good "player" for applications that require accurate and real-time information *
