Pyth Network

Oracle

Solana

Oracle services from <a href="https://x.com/PythNetwork" rel="noopener noreferrer nofollow">@PythNetwork</a> now secure about $3.124 billion in assets, according to DefiLlama data. The figure puts the <a href="https://x.com/search?q=%24PYTH&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$PYTH</a> oracle network above the $3 billion mark in total value secured (TVS), a metric used to gauge how much value depends on an oracle working correctly.
<h2 id="solana-holds-most-of-the-value">Solana Holds Most of the Value</h2>
The bulk of the total, $1.928 billion, sits on the <a href="https://x.com/Solana" rel="noopener noreferrer nofollow">@Solana</a> blockchain. Pyth has deep roots there: its price data is aggregated on Pythnet, <cite>an application-specific blockchain built on Solana codebase</cite>, before being delivered to other networks.
Pyth also has a presence on other chains. On <a href="https://x.com/SuiNetwork" rel="noopener noreferrer nofollow">@SuiNetwork</a> (<a href="https://x.com/search?q=%24SUI&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$SUI</a>), the oracle secures $383.08 million. On <a href="https://x.com/NEARProtocol" rel="noopener noreferrer nofollow">@NEARProtocol</a> (<a href="https://x.com/search?q=%24NEAR&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$NEAR</a>), the figure is $57.99 million, based on the DefiLlama data cited in the original figures. Pyth's own developer documentation, however, <cite>states that Pyth Core no longer supports Aptos, CosmWasm, Fuel, IOTA, NEAR, Stacks, Starknet, or TON</cite>, so readers should treat the NEAR number with some caution.
Pyth launched on Sui in 2023. At the time, the project said <cite>developers on Sui can access Pyth's 200+ price feeds for equities, commodities, foreign exchange pairs, and digital assets</cite>.
<h2 id="how-to-read-the-tvs-figure">How to Read the TVS Figure</h2>
DefiLlama defines TVS as the <cite>total value secured by an oracle, where oracle failure would lead to a loss equal to TVS</cite>. It is not the same as total value locked, and DefiLlama's own Pyth page lists TVL at zero because the oracle does not hold user funds.
The number also moves. A live DefiLlama table cited by CryptoSlate in August <cite>mapped Pyth to 316 protocols and about $2.7 billion in total value secured</cite>, and the outlet noted that <cite>the selected view includes borrowed values and settings that can count the same exposure more than once</cite>. The latest reading of around $3.1 billion therefore reflects a rise from that level, though the methodology means it is best seen as a proxy rather than a precise measure of assets at risk.
Pyth's TVS has been higher in the past. Messari reported that in the first quarter of 2024, <cite>total value secured rose 322% to $7.2 billion</cite>, though that figure included Ethena, which DefiLlama data did not cover at the time.
Sources
<a href="https://defillama.com/oracles/Pyth" rel="noopener noreferrer nofollow">DefiLlama: Pyth Oracle total value secured</a> <a href="https://cryptoslate.com/pyth-networks-api-overhaul-threatens-to-freeze-unpatched-smart-contracts-across-300-defi-protocols/" rel="noopener noreferrer nofollow">CryptoSlate: Pyth Network API migration and TVS context</a> <a href="https://messari.io/report/state-of-pyth-network-q1-2024" rel="noopener noreferrer nofollow">Messari: State of Pyth Network Q1 2024</a>

Pyth Network Oracles Now Secure About $3.12 Billion in Assets, DefiLlama Data Shows

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