Pyth Network is a decentralized Oracle Network.
Its main function: to fetch financial market data (such as asset prices) in real-time On-Chain, so that it is:
Secure (not relying on a single source).
Transparent (the source of the data can be verified).
Direct (without centralized intermediaries such as traditional contracts or third-party companies).
🔹 Who provides the data?
Major data providers such as: exchanges, trading companies, and market makers.
They send prices directly to the Pyth Network.
🔹 Why is this important?
Because decentralized applications (DeFi Apps) like trading platforms or lending protocols need accurate and real-time prices, and any mistake in them can cause huge losses.
Here, Pyth comes to solve the problem of “where do we get reliable prices?”.
➡️ In short: Pyth Network = an advanced financial oracle that connects traditional markets (Off-chain) and blockchain (On-chain) in a secure and fast way.
