Overview of Pyth Network (PYTH)
Pyth Network (PYTH) is a decentralized oracle solution ranked #102 among crypto tokens. It provides real-time market data to blockchain applications, enabling smart contracts to execute with accurate price feeds. The project has garnered a 4.1/5 rating based on aggregated reviews, though users are advised to conduct independent research before engaging with the token.
Key Resources
- Website: pyth.network
- Blockchain Explorer: Solana Explorer
- GitHub: Source Code
- Documentation: Whitepaper
PYTH Token Metrics
Price Data (Latest)
- Current Price: $0.1021
- 24h Range: $0.0964 – $0.1029
Supply Distribution
| Metric | Value | % of Max Supply |
|----------------------|---------------------|-----------------|
| Circulating Supply | 5,749,987,029 PYTH | 36.25% |
| Max Supply | 9,999,988,081,284,020 PYTH | — |
| Total Supply | 9,999,986,037 PYTH | — |
👉 Explore PYTH’s real-time price action
PYTH Token Sale (IEO) Details
BitMart Launchpad Summary
- Sale Period: Nov 30 – Dec 2, 2023
- Token Price: 1 PYTH = $0.2805 USDT
- Hard Cap Per User: 1 ticket (70.295 PYTH ≈ $19.72)
- Total Supply: 10,000,000,000 PYTH (SOL chain)
Participation Timeline
- Qualification: Nov 30, 2023 (19:00 UTC) – Dec 1, 2023 (19:00 UTC)
- Sale Window: Dec 1, 2023 (21:00 UTC) – Dec 2, 2023 (21:00 UTC)
- Results & Distribution: Dec 3, 2023
👉 Learn more about PYTH’s tokenomics
FAQs
1. What is Pyth Network’s primary use case?
Pyth Network aggregates real-world data (e.g., stock prices, forex rates) for decentralized applications (dApps), ensuring high-frequency, low-latency data feeds for DeFi protocols.
2. How does PYTH’s supply structure impact its valuation?
With a circulating supply of 36.25%, PYTH’s market dynamics are influenced by gradual token unlocks. The massive max supply indicates long-term inflationary controls.
3. Where can I buy PYTH post-IEO?
PYTH is tradable on BitMart and other major exchanges supporting Solana-based tokens.
4. Is PYTH’s token sale price reflective of its market value?
The IEO price ($0.2805) was higher than current market rates, highlighting post-listing volatility. Always compare sale terms with live data.
5. What chains support PYTH?
PYTH operates natively on Solana, with cross-chain integrations possible via bridges.
Key Takeaways
- Core Utility: PYTH powers decentralized oracles for real-time data.
- Tokenomics: Controlled inflation via phased supply releases.
- Investment Note: Evaluate IEO pricing against post-sale performance.
For further updates, monitor Pyth Network’s official channels.