Pyth Network is a decentralized oracle network that delivers real-time financial data to smart contracts on blockchains. It sources data directly from exchanges, market makers, and institutions, ensuring accuracy and low latency. Users can earn PYTH tokens by participating in the network, such as by providing high-quality price data or staking tokens to support network security and governance. As DeFi grows, accurate pricing becomes crucial for applications like trading, lending, and derivatives. Pyth incentivizes data providers and participants, enabling a reliable, decentralized data feed for Web3. It's a key infrastructure layer for blockchain-based financial ecosystems to function efficiently.
