#pythnetwork $PYTH ess integration with various DeFi protocols.
- *High Accuracy*: The network utilizes confidence intervals and cross-chain pulls to ensure data accuracy and reliability.
- *Decentralized Governance*: PYTH token holders participate in governance, voting on upgrades and securing the network through staking.
*Use Cases:*
- *Perpetual Trading*: DeFi protocols use Pyth Network's live prices to settle trades instantly and boost trading volume.
- *Lending and Collateral*: Real-time price feeds help money markets value collateral, reducing liquidation risk and improving yield farming efficiency.
*Token Details:*
- *Current Price*: $0.1496 - $0.1606 USD (subject to market fluctuations)
- *Market Capitalization*: $859.16 million - $923.96 million USD
- *Circulating Supply*: 5.74 billion PYTH tokens
- *Total Supply*: 10 billion PYTH tokens
*Roadmap:*
- *2025*: Launch data staking and cross-chain governance
- *2026*: Implement fee sharing model and transition to community-elected validators
Pyth Network has partnered with prominent investors, including Multicoin Capital, Wintermute, and Delphi Ventures. Its innovative approach to oracle services has made it a key player in the DeFi ecosystem.¹ ² ³