The Pyth Network is a decentralized oracle solution designed to meet the high-speed, institutional-grade data demands of the modern crypto economy. Unlike legacy oracles that rely on third-party aggregators, Pyth pioneered the First-Party Publisher model, sourcing its over 380 low-latency price feeds directly from a vast network of reputable data providers, including major exchanges, market makers, and trading firms.
This unique architecture ensures real-time, high-fidelity data with updates occurring in sub-second intervals, critical for complex DeFi applications like lending, derivatives, and algorithmic trading.
Pyth’s innovative "Pull Oracle" design is also highly efficient: instead of constantly pushing data and incurring fixed gas costs, it only updates a price feed on-chain when a user or application requests it. Furthermore, it delivers feeds across over 100 blockchains using cross-chain protocols like Wormhole, making it a foundational data layer for the multi-chain future.
The native PYTH token is primarily used for governance of the Pyth DAO, allowing token holders to vote on key parameters, technical upgrades, and the allocation of network revenue generated from its data services.
