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Pyth Network

  • Project Status: Live
  • Year Founded: 2021
  • Moderation Status: approved
Pyth Network
  • Pricing: Premium
  • Categories: Oracle, DeFi, Protocol, ,

Pyth Network Summary:

Pyth Network is a cutting-edge oracle protocol that delivers real-time market data from top-tier financial institutions to multiple blockchain ecosystems.

Pyth Network Description:

Pyth Network is a leading oracle protocol designed to bridge the gap between market data providers and blockchain applications.

By connecting over 100 first-party publishers, including major exchanges and market makers, Pyth Network delivers high-fidelity, real-time market data across multiple blockchain ecosystems.

Trusted by over 350 protocols on 60+ blockchains, Pyth ensures secure and accurate data feeds for decentralized applications (dApps).

Some of the project focus areas are:

1. Price Feeds:

Providing real-time prices for 500+ assets across various blockchain ecosystems, including Solana, EVM chains, Aptos, Sui, NEAR, and Cosmos chains.

2. Benchmarks:

Offering historical market data for both on-chain and off-chain use cases.

3. Entropy: Enabling developers to generate secure random numbers on the blockchain.

With products like Price Feeds, Benchmarks, and Entropy, Pyth ensures high-fidelity, secure, and reliable data for decentralized applications.

Its integration with over 60 blockchains and trust from 350+ protocols highlight its significance in the multichain DeFi space.

Pyth Network Pros:

1. High-Fidelity Data: Provides accurate and low-latency market data directly from major financial institutions.

2. Broad Ecosystem Support: Integrates with over 60 blockchains, ensuring wide accessibility and compatibility.

3. Secure and Reliable: Utilizes robust security measures and has undergone multiple audits to ensure data integrity and reliability.

Pyth Network Cons:

1. Complex Integration: Setting up and integrating Pyth data feeds may require significant technical expertise.

2. Dependency on Network Latency: Real-time data updates depend on the network latency between Pythnet and Wormhole.

3. Potential Costs: Future governance may introduce fees for data feed updates, impacting the cost structure for users.

Pyth Network Use Case:

1. Decentralized Exchanges (DEXs): Utilize real-time price feeds for accurate trading and liquidity provisioning.

2. Lending Protocols: Leverage historical benchmarks and real-time data for secure loan collateralization.

3. Derivative Platforms: Enhance the precision and reliability of perpetual futures and options contracts.

Pyth Network Team Details:

Pyth Network Team MembersSocial Links
Mike Cahill
Jayant Krishnamurthy
Ciaran Cronin
Douro Labs
Learn more about the Pyth Network team

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Pyth Network Users Ratings & Reviews:

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Blockchain:

Multichain

Pyth Network Governance:

DAO

Keyword:

Oracle, DeFi, Market Data, Real-Time Prices, Blockchain Integration, Secure Data Feeds, EVM Chains

Pyth Network Tokenomic:

Does Pyth Network have Token:YesPyth Network Token Ticker:PYTH

Pyth Network NFT Collection:

Does Pyth Network have NFT Collection:NoPyth Network NFT Collection link not available

Pyth Network Website:

Website

Pyth Network Social Media:

TwitterDiscordTelegramYoutubeLinkedIn

Pyth Network Roadmap:

Roadmap

Pyth Network Whitepaper:

Whitepaper

Pyth Network GitHub:

Pyth Network Source Code Accessibility:Open SourceGitHub

Pyth Network Documentation:

DocumentationPyth Network FAQs

Contact Pyth Network Support:

Support WebsitePyth Network Support Live Chat link not availableSupport EmailSupport DiscordPyth Network Support X (Twitter) link not availableSupport Telegram

Download Pyth Network dApp:

Pyth Network Solana dApp Store link not available

Download Pyth Network App:

Pyth Network Android (Google Play Store) link not availablePyth Network Apple iOS (App Store) link not availablePyth Network Chrome Extension link not availablePyth Network Download Website link not available

Pyth Network Grants:

Pyth Network Grants

Pyth Network Jobs / Careers Opportunities:

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