PyhtRoadmab
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@Pyth Network Trading volume $PYTH increased 36x from $23 million to $873 million in one day after the announcement. #PyhtRoadmab
My 30 Days' PNL
2025-08-11~2025-09-09
+$2.05
+43.03%
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$PYTH
#PyhtRoadmab
#pyhtnetwork
In short, the Pyth network is a decentralized and extremely fast oracle network that provides real-time, high-accuracy financial data directly from major financial institutions such as exchanges and trading companies.
Why is the Pyth network important?
The Pyth network serves as a vital bridge connecting the traditional finance (TradFi) world and the decentralized finance (DeFi) world. The network supplies smart contracts on over 40 blockchains with reliable price data for various assets, including cryptocurrencies, stocks, and commodities. This enables DeFi applications to operate efficiently and securely, especially in areas like lending, borrowing, and derivatives trading.
How does the Pyth network work?
Pyth employs an innovative "pull model," where the smart contract requests data as needed, reducing costs and making updates much faster. Data is aggregated from multiple sources and provided with a "confidence interval" to ensure its accuracy and prevent manipulation. 🔒
PYTH token and decentralization
The PYTH token is the governance token of the network. Its holders are granted the right to vote on important decisions regarding protocol development, setting update fees, and adding new data sources. This ensures that the network remains decentralized and governed by its community.
#PyhtRoadmab
#pyhtnetwork
In short, the Pyth network is a decentralized and extremely fast oracle network that provides real-time, high-accuracy financial data directly from major financial institutions such as exchanges and trading companies.
Why is the Pyth network important?
The Pyth network serves as a vital bridge connecting the traditional finance (TradFi) world and the decentralized finance (DeFi) world. The network supplies smart contracts on over 40 blockchains with reliable price data for various assets, including cryptocurrencies, stocks, and commodities. This enables DeFi applications to operate efficiently and securely, especially in areas like lending, borrowing, and derivatives trading.
How does the Pyth network work?
Pyth employs an innovative "pull model," where the smart contract requests data as needed, reducing costs and making updates much faster. Data is aggregated from multiple sources and provided with a "confidence interval" to ensure its accuracy and prevent manipulation. 🔒
PYTH token and decentralization
The PYTH token is the governance token of the network. Its holders are granted the right to vote on important decisions regarding protocol development, setting update fees, and adding new data sources. This ensures that the network remains decentralized and governed by its community.
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