Pyth NetworkPyth Network price 

PYTH

The Pyth Network is the largest first-party oracle for the world’s financial data. It supports more than 300 real-time price feeds across major asset classes including digital assets, equities, ETFs, FX, and commodities. The network comprises some of the world's largest exchanges, market makers, and financial services providers contributing their proprietary price data on-chain for aggregation and distribution to smart contract applications.

Thanks to the Pyth Network’s innovative pull oracle design, applications can effortlessly "pull" the latest price onto their native blockchain on demand. In less than a year since the launch of its cross-chain pull model, the network has secured over $1B in total value. The Pyth Network has been used by DeFi protocols in over $70B in trading volume and in over 200 applications.

The Pyth Network is a protocol that allows market participants to publish price data on-chain for smart contracts to use. The protocol is an interaction between:

1. Data providers, who submit their proprietary price information to Pyth's oracle program. The Pyth Network has multiple data providers for every price feed to improve the accuracy and robustness of the system.

2. Pyth's oracle program, which combines the providers’ data to produce a single aggregate price and confidence interval value (e.g. the price of BTC as $30,000 ± $1).

3. dApps, which read the price data produced by the oracle program on their native blockchain.