PYTH token
Overview
Pyth Network is a decentralized oracle protocol that delivers real-time, high-fidelity financial market data to multiple blockchains. Its native token, PYTH, is used for staking by data providers to ensure data accuracy and for governance participation.
Within the DeFi Intel graph, PYTH connects to 9 tracked entities, most strongly to Pyth Network, Pyth Network, Pyth Network.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 9 of 9 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | Pyth Network | 95% |
issued_by | Pyth Network | 95% |
issued | Pyth Network | 95% |
issued_by | Pyth Network | 95% |
issued_by | Pyth Data Association | 95% |
launched | Pyth Airdrop | 95% |
governs | Pyth Network | 90% |
deployed_on | Solana | 85% |
market_makes_for | Wintermute | 80% |
In-depth guides on PYTH
Frequently asked questions
What is PYTH?
PYTH is the native utility token of the Pyth Network, used for staking by data providers and for on-chain governance of the protocol.
How does Pyth Network differ from other oracle networks?
Pyth specializes in high-frequency, institutional-grade financial market data sourced from exchanges and trading firms, with a staking model where data publishers stake PYTH to signal data quality.
What is the role of staking in the Pyth Network?
Data providers stake PYTH tokens to secure their commitments, and the network uses stake-weighting to aggregate price feeds, rewarding accurate publishers while slashing stake for malicious behavior.
What is PYTH connected to?
In the DeFi Intel knowledge graph, PYTH is linked to 9 other tracked entities, most strongly to Pyth Network, Pyth Network, Pyth Network.
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