Pyth Network is a decentralized oracle network that provides real-time market data to financial decentralized applications (dApps) across 40+ blockchains. Here's what you need to know about Pyth Network:
Key Features:
-Real-time Market Data: Pyth Network delivers high-frequency, accurate market data to smart contracts on blockchain networks, enabling seamless financial transactions.
Use Cases:
- Lending Platforms: Pyth's data feeds support responsive trading, efficient liquidations, and stablecoin value pegs.
-Derivatives and Yield Optimization: Pyth's high-frequency data supports leveraged positions, risk management, and optimized yields.
Token Information:
-PYTH Token: The governance token of Pyth Network, used for protocol decisions and community involvement.
-Circulating Supply: 5.75 billion PYTH tokens.
- Market Capitalization: $870.41 million - $847.63 million (according to different sources).
Price Performance:
-Current Price: $0.147414 - $0.151376 (according to different sources).
-24-hour Trading Volume: $128.04 million - $137.44 million.
-Price Prediction: Pyth Network's price prediction sentiment is currently neutral, with potential resistance at $0.23-$0.26 and possible targets at $0.30.
@PythNetwork #PythRoadmap $PYTH