Pyth Network
Pyth Network price today and market data
PYTH price prediction & outlook
Pyth Network is the oracle that delivers prices from exchanges and trading firms to applications on more than a hundred blockchains, and PYTH is, as this page's About text says, its governance token: launched November 20, 2023, peaked at $1.20 four months later, and at capture traded near $0.070, about 94% below the high and up more than double from an all-time low set in June 2026, for a market cap around $553 million on roughly 7.87 billion circulating tokens out of a fixed 10 billion. PYTH trades on every major exchange, so the Solana pools this page tracks are a sliver of its market. This is not financial advice.
What actually moves the PYTH price
- The last unlock
- About 2.13 billion PYTH, 21% of supply, remain locked; the circulating figure implies the first three of the token's four scheduled tranches have vested, leaving the final one due in May 2027 (CoinGecko). Each prior tranche was a known date on which sellable supply jumped by more than a quarter, and the last is the same size.
- Selling data to institutions
- Pyth Pro, the subscription product for banks and trading firms, launched in September 2025 and passed $1 million in annual recurring revenue in its first month (Wikipedia). In September 2026 Pyth added 50 indices including ETFs, pre-IPO feeds for Anthropic and OpenAI, and a launch on the Arc chain, and Tradeweb, Fenics, and OpenYield had joined its fixed-income network in July (Pyth blog, Google News). Revenue that reaches the DAO is the bull case.
- Government data on-chain
- In August 2025 the US Department of Commerce chose Pyth alongside Chainlink to publish official economic statistics, including GDP, on-chain, and a follow-on data tie-up moved the token about 4% on September 2, 2026 (Wikipedia).
- Operational trust
- Pyth's mandatory switch to API-key authentication for its Hermes price service missed its own August 26, 2026 deadline, with about 316 protocols securing roughly $2.7 billion exposed to a mis-timed migration (CryptoSlate). An oracle's token trades on reliability, and that was the year's clearest test.
- Exchange flow, not DEX flow
- Phantom counted about $2.3 million of daily on-chain volume against Solana pools holding well under $1 million, while PYTH's exchange volume runs far higher across Binance, Coinbase, OKX, Bybit, and Upbit. Price is set on the exchanges; the pools follow.
What would it take for PYTH to reach $X?
With roughly 7.87 billion tokens circulating, a price target maps directly to market cap. The multiples below are computed from the live market cap, so they never go stale.
- $0.10~$787M cap1.5x
- $0.20~$1.6B cap3.0x
- $0.50~$3.9B cap7.6x
Can PYTH reach $0.20?
A price of $0.20 on roughly 7.87 billion circulating tokens implies a market cap near $1.6 billion, about three times the level at capture and still a sixth of the March 2024 peak, though with far more supply unlocked than existed then. That would take Pyth Pro revenue growing into something the DAO can show on-chain, the May 2027 unlock being absorbed without a sell-off, and no repeat of the migration stumble. These are conditions, not predictions, and this is not financial advice.
To evaluate any PYTH target: multiply it by roughly 7.87 billion circulating tokens, then by the full 10 billion for the fully diluted figure, compare both to the live market cap on this page, and ask whether Pyth's data revenue has grown to match. If it hasn't, the prediction doesn't hold.
How to buy Pyth Network (PYTH) in Phantom
Buying PYTH takes a few minutes once your Phantom wallet holds SOL. PYTH is listed on every major exchange, so you can also buy it there and withdraw to Phantom; on-chain, it trades in Raydium, Orca, and Meteora pools on Solana, which is where Phantom's swap will route.
- Install Phantom and secure your walletDownload Phantom as a mobile app (iOS or Android) or browser extension and create or import a wallet. Write your Secret Recovery Phrase on paper and store it offline; anyone who obtains it controls every asset in the wallet, and Phantom will never ask for it.
- Fund your wallet with SOLSOL pays the network fee, which runs fractions of a cent, and is the asset most PYTH pools are quoted in. Buy SOL inside Phantom with a card or bank transfer, or send it from an exchange, and keep a small balance in reserve for future transactions.
- Paste the mint address, not the nameIn the Swap tab, paste the full mint address as the receive token and confirm the ticker reads PYTH on Solana. A name search can surface unrelated tokens, and Pyth will never DM you about an airdrop.
- Compare with the exchange price, then confirmThe largest Raydium pool held about $414,000 at capture and the original Orca pool about $158,000, so orders in the low thousands clear with modest impact and larger ones are cheaper on an exchange. Check the quote against the price on this page, review the estimated output, confirm, and PYTH lands in your wallet once Solana confirms.
Always verify the mint address
The legitimate mint address is the one shown on this page. Cross-reference it against the CoinGecko listing or Solscan rather than search results or social posts. The official channels are pyth.network and @PythNetwork on X. If the address does not match exactly, stop.
What buying PYTH actually costs
Solana network fees are a fraction of a cent, so on a swap the real costs are the pool's fee and price impact. Holding PYTH in a wallet earns nothing by itself; staking it in Oracle Integrity Staking backs data publishers and earns rewards, with about $70.5 million staked at capture, and staked tokens carry slashing risk if the publisher you back posts bad data (DefiLlama).
Phantom (self-custody) | Centralized exchange | |
|---|---|---|
Who holds your keys | You | The exchange |
Who can freeze funds | Nobody | The exchange can |
Buy path for PYTH | Direct in-wallet swap | Listed on Binance, Coinbase, OKX, Bybit, and most others |
What is Pyth Network?
Pyth Network (PYTH) is the governance token of a pull-model oracle: instead of pushing every price on-chain continuously, Pyth's publishers, more than 120 exchanges, market makers, and trading firms, sign prices off-chain, and applications pull the latest signed update on-chain when they need it, paying for the transaction themselves. The network was founded in April 2021 by Michael Cahill, Jayant Krishnamurthy, and Ciarán Cronin, is stewarded by the Pyth Data Association in Baar, Switzerland, and gets its core development from Douro Labs, the company the founders set up in 2023 with Cahill as CEO; by 2025 it served more than 600 applications across more than 100 blockchains (Wikipedia). The product line has grown from crypto prices into equities, ETFs, foreign exchange, commodities, US government economic data since the August 2025 Commerce Department deal, a subscription tier called Pyth Pro for institutions, a random-number service called Entropy, and, in September 2026, index products and pre-IPO feeds for Anthropic and OpenAI (Pyth blog). PYTH holders govern the DAO and can stake through Oracle Integrity Staking to back publishers and earn rewards.
The token launched on November 20, 2023 with a retroactive airdrop, on a legacy SPL mint with no mint or freeze authority and a fixed 10 billion supply, and its market history has been harsh: an all-time high of $1.20 on March 15, 2024, then a slide to an all-time low of $0.0295 on June 6, 2026, before a recovery to about $0.070 at capture, still 94% below the peak, for a market cap around $553 million and a rank near 106 (CoinGecko). About 7.87 billion tokens circulate, and the 2.13 billion still locked correspond to the last of four scheduled unlock tranches, due in May 2027. Roughly 305,600 wallets hold PYTH by Phantom's count, the top ten hold about 47% of supply, and about $70.5 million sits in Oracle Integrity Staking (DefiLlama). The year before capture brought Pyth Pro's launch and first million dollars of recurring revenue, a Polymarket integration in April 2026, more than $400 billion of Hyperliquid trading volume running on Pyth prices by July, and one stumble, the Hermes API-key migration that missed its August 26, 2026 deadline (Google News, CryptoSlate). Chainlink, the incumbent, is worth about 17 times as much.
Is PYTH safe?
For a three-year-old large cap with a clean mint and a hard history, safety comes down to three checks and one mindset.
- Mint and supply
- No mint authority, no freeze authority, fixed supply, and a RugCheck report whose only flag is mutable metadata. The supply risk is the May 2027 unlock, not a contract.
- Concentration
- The top ten wallets hold about 47% and the top twenty about 60%, unlabeled, which for a token this widely traded is likely exchange custody and vesting contracts, but which nobody outside Pyth can confirm.
- Reliability
- An oracle token is a bet on the oracle never being wrong. The 2026 migration miss did not produce a bad price, but it showed how many protocols depend on Pyth getting operational details right.
The mindset: PYTH is infrastructure exposure with a known dilution date, priced after a 94% drawdown and a fresh low. Size it as a large cap, watch Pyth Pro revenue and the 2027 unlock rather than headlines, verify the mint every time, and never share your Secret Recovery Phrase.
Pyth Network FAQ
The market capitalization of PYTH is $519M as of Nov 10, 2026.
Market capitalization is calculated by multiplying the current price of PYTH by its circulating supply. It reflects the overall value of the token in the market and helps gauge its relative size compared to other cryptocurrencies.
The daily trading volume of PYTH is $769K as of Nov 10, 2026.
Trading volume can fluctuate based on market conditions, investor activity, and overall demand for PYTH.
The total supply of PYTH is 10B.
The circulating supply, which represents the number of PYTH currently available in the market, is 7.87B as of Nov 10, 2026.
PYTH can be bought and traded on a variety of cryptocurrency platforms, including Phantom!
Pyth Network is a pull-model oracle that delivers signed prices and other data from more than 120 exchanges, market makers, and trading firms to applications on more than 100 blockchains, covering crypto, equities, ETFs, foreign exchange, commodities, and US government economic statistics. PYTH is its governance token, launched November 20, 2023 on Solana with a fixed supply of 10 billion, about 7.87 billion circulating at capture, and used to vote in the Pyth DAO and to stake behind data publishers. The mint address is the one shown on this page.
The mint has no mint or freeze authority and a fixed supply, the token is listed on every major exchange, and the network is used by hundreds of applications and by the US Department of Commerce. The risks are market and structural: the price is 94% below its March 2024 high and made a new low in June 2026, about 2.13 billion tokens remain locked until a final unlock in May 2027, the top ten wallets hold about 47% of supply, and an oracle token depends on the oracle staying reliable, which a missed migration deadline in August 2026 tested. This is not financial advice.
Download Phantom as a mobile app or browser extension and fund it with SOL. Open the Swap tab, paste the mint address shown on this page as the token to receive instead of searching by name, and confirm the ticker reads PYTH. The largest Solana pools hold a few hundred thousand dollars each, so check the quote against the price on this page and consider an exchange for very large orders; review the estimated output, confirm, and PYTH lands in your wallet once Solana confirms.
Yes. Every Solana transaction, including the swap into PYTH, is paid in SOL, and most PYTH pools are quoted in SOL. Phantom needs a small SOL balance to cover network fees, which are a fraction of a cent, so a few dollars covers many trades. You can buy SOL inside Phantom or withdraw it from an exchange to your wallet.
Michael Cahill, Jayant Krishnamurthy, and Ciarán Cronin founded it in April 2021, with early publishers drawn from the trading-firm world. The Pyth Data Association, a Swiss body in Baar, stewards the network, and Douro Labs, which the founders created in 2023 with Cahill as CEO, is the core development company. The Pyth DAO, governed by PYTH holders, sets protocol parameters and controls the treasury.
A price of $0.20 on roughly 7.87 billion circulating tokens implies a market cap near $1.6 billion, about three times the level at capture in September 2026 and still a sixth of the March 2024 all-time high of $1.20. It would take Pyth Pro's institutional revenue growing into something the DAO can show on-chain, the May 2027 unlock of about 2.13 billion tokens being absorbed, and no reliability failures. This is not a prediction or financial advice.
Most Solana tokens are memecoins or claims on a single application; PYTH governs infrastructure that hundreds of applications on a hundred chains depend on, with first-party data from the firms that make the prices rather than from third-party nodes. That gives it a real business, Pyth Pro subscriptions and government data contracts, and a real comparison, Chainlink at roughly 17 times its market cap, along with a supply schedule and a concentration profile that a memecoin never has to explain.
Pricing information is provided for informational purposes only and is not financial advice. Market data is provided by third parties and Phantom makes no representation as to the accuracy of the information.
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Pricing information is provided for informational purposes only and is not financial advice. Market data is provided by third parties and Phantom makes no representation as to the accuracy of the information.