PYTH Price Today: What Is Pyth Network?

According to Gate market data, as of May 14, 2025, the price of PYTH is $0.1914, with a 24-hour trading volume of $92 million across the network. The circulating market value of PYTH is currently $695 million, ranking 104th in the cryptocurrency market. Despite a drop of over 80% from its historical high of $1.15 in March 2024, the recent market sentiment has significantly improved, with PYTH seeing a 44.5% increase in the past 7 days, indicating that funds are rapidly flowing into the oracle track.

From a technical perspective, the current RSI index (68) of PYTH is in the neutral range, SMA has broken through the 200-day moving average, forming a “golden cross”, and may face short-term pullback pressure, but the medium- to long-term trend is optimistic.

What is PYTH Network?

PYTH Network is Solana A decentralized oracle protocol native to the chain, focusing on providing high-precision, low-latency financial market data for blockchains, covering over 380 asset categories such as cryptocurrencies, stocks, foreign exchange, and commodities. Its core innovation lies in the price update model, where users can call on-chain aggregated real-time data as needed, rather than the traditional oracle’s scheduled push mode, compressing single data update time to 400 milliseconds and reducing gas costs by 90%.

Pyth Network currently supports most mainstream blockchains (including Solana, Ethereum, BNB Chain, etc.), with a total locked value (TVS) exceeding $15 billion. In April 2025, the monthly trading volume surpassed $67 billion, making it the core infrastructure for DeFi derivatives and algorithmic trading.

Technical advantages

• First-party data sources: Aggregate direct market data from 90+ top financial institutions such as Jump Trading, Jane Street, Nasdaq, etc., to avoid secondary data deviation.
• Cross-chain compatibility: Synchronize data to 70+ blockchains through the Wormhole protocol, covering 95% of the top DeFi protocols.
• Token economic model: 52% of the tokens are used for ecosystem incentives, 22% are allocated to data providers to drive network participation. In May 2025, 2.13 billion PYTH will be unlocked (accounting for 21.3% of the total supply), if institutional demand is strong, it may alleviate selling pressure and boost prices.

Market positioning

Despite Chainlink still dominating the oracle market with a TVS of $35.5 billion, Pyth has experienced explosive growth with the Transaction Volume Oracle (TTV) model—reaching $800 billion in on-chain trading volume by 2024, a year-on-year growth rate exceeding 10 times, especially capturing a 70% share in derivative tracks such as Drift Protocol.

The core difference between the two lies in:

• Speed: Chainlink updates data every 1 hour or triggers a price fluctuation of 0.5%, while PYTH achieves updates 3 times per second to meet high-frequency trading needs.
• Cost structure: Chainlink relies on node service sub_script_ion fees, PYTH charges based on the number of calls, which aligns more with the ‘pay-as-you-go’ trend of DeFi 2.0.

PYTH Price Prediction

In the short term, PYTH faces two major catalysts:

1. Token unlock management: If the 213 million tokens unlocked in May are absorbed in an orderly manner by institutions, the price may surge to $0.50 - $1.20.
2. Regulatory Policy: The SEC still faces risks in determining the ‘securities attributes’ of oracles, but the crypto-friendly policy of the Trump administration may alleviate the pressure.

The long-term potential depends on the expansion of the ecosystem:

• Technical upgrade: The Oracle Integrity Staking mechanism will be launched in Q3 2025 to enhance data accuracy through a staking penalty mechanism.
• Institutional cooperation: Deep integration with traditional financial giants such as Cboe and Jump Crypto may drive PYTH into mainstream asset management portfolios.

According to CoinCodex, in June 2025, PYTH is expected to reach $0.653 (an increase of 229.49% from the current level). In an optimistic scenario, if it captures 10% of Chainlink’s market share, its market value could exceed $5 billion, corresponding to a price of $1.38.

PYTH Network Future Outlook

Pyth Network, with the vision of ‘real-time on-chain financial data,’ is reshaping the infrastructure layer of DeFi. Despite facing competition from Chainlink and token unlock pressure, its technological advantages and ecological growth still make it the most promising oracle project to watch in 2025. For investors, it is essential to closely monitor the market reaction to the May unlock event and SEC regulatory dynamics, capturing the dividends of institutional waves in the fluctuations.