Blockchains are smart, but they don’t know what’s happening outside. They don’t know if Bitcoin is 25,000 or 30,000.
That’s why oracles exist. But most old oracles don’t get prices from the real source. They rely on middlemen who pull numbers from APIs, average them, and then push them on-chain. By the time the price gets there, it can already be outdated.
Pyth changes this.
Straight from the makers
Instead of asking strangers, Pyth gets prices from the people who actually set them. Big trading firms, exchanges, and market makers. They sign their own prices and send them straight into Pyth. No middle layers. Just first-hand data.
A price with honesty
Pyth doesn’t just say Bitcoin is 25,000. It also shows a confidence range, like saying the market is moving but we are sure it’s between 24,950 and 25,050.
That honesty helps lending apps and trading platforms make safer decisions.
Pull it when you need it
Other oracles keep shouting prices into the blockchain every block. That means extra gas and extra cost.
Pyth works differently. The data updates off-chain every millisecond, and apps only pull it on-chain when they need it. That keeps it fast and cheap.
Across many chains
Crypto runs on many blockchains. Pyth uses a secure messenger called Wormhole so its data can travel across 100+ chains.
Wherever you build, you can pull the same fresh price data.
Why it matters
This is not theory. It’s live today.
Synthetix saw volumes jump after moving to Pyth.
Kamino Swap uses it for smooth, exchange-like trades.
Hundreds of apps already rely on it every day.
More than prices
Pyth also gives:
Benchmarks for historical prices
Entropy for fair randomness
Express Relay for fast trade execution
Lazer for ultra-low-latency price feeds
It’s becoming a full data layer for finance on-chain.
Community
The PYTH token is used for governance. With Oracle Integrity Staking, people can back publishers with their stake. Good data gets rewarded, bad data gets punished.
Bigger picture
@Pyth Network wants to bring the financial world on-chain: crypto, stocks, commodities, currencies. Fresh, unfiltered, and open to all.
If DeFi wants to compete with Wall Street, it needs reliable data. Not delayed feeds, not guesses. Real prices from real people.
That’s Pyth.