PYTH
The Pyth Network (PYTH) project was founded by Michael Cahill, Jayant Krishnamurthy, and Ciaran Cronin. The project’s CEO is currently Michael Cahill.
Pyth Network is a pioneering project designed to bridge the gap between traditional financial markets and blockchain technology, providing real-time, highly accurate market data.
This platform, based on Solana (SOL), which is considered one of the best DeFi projects of recent years, can provide much faster, decentralized, consistent, and secure data than traditional blockchain oracles.
Pyth Network’s project aims to collect real-time, high-quality, and reliable price data from financial markets and other asset classes using blockchain technology, and distribute this data to a wide range of users and applications. The project aims to increase transparency and accessibility of market data, especially in areas such as financial services and DeFi (decentralized finance) applications
The Pyth Protocol is designed to aggregate data from various providers to create a common price and confidence interval for each price feed every 400 milliseconds. This data aggregation process takes place on Pythnet, an application-specific proof-of-authority chain, ensuring data integrity and accuracy @pythnetwork
Pyth Network places great emphasis on transparency of data flow. Due to the nature of blockchain technology, all transactions and data updates are recorded in a public and queryable manner. This increases the reliability of the platform and reinforces users’ trust in the accuracy of the data sources @pyth
PYTH Coin is the native cryptocurrency of the Pyth Network
Market Cap 1.22B
Circulating Supply 3.62B PYTH
Maximum Supply 10B PYTH
