Pyth Network
Market Open
11 Aug, 00:59
$
0. 042800
+0.0001
+0.2342%
$
235,040 Volume
$ 0.0427
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PYTHUSD Overview
PYTHUSD denotes the price of Pyth Network’s native token (PYTH) quoted in US dollars. It indicates how much USD is required to buy one PYTH and serves as the primary reference for trading, valuation and settlement in fiat terms.
Pyth Network is a blockchain-based oracle system that aggregates and distributes real-time market data from professional trading firms and exchanges. The network began mainnet operations on Solana in 2021 and the PYTH token was introduced subsequently to support governance and economic incentives. Development was driven by a consortium of market-data providers and trading firms; the token’s issuance parameters and governance rules are defined in the project documentation.
The PYTHUSD rate is established by supply and demand across spot venues and liquidity providers, and it is influenced by order flow, market-maker activity, on-chain oracle reports and broader macroeconomic or crypto-market sentiment. Price formation may vary between centralized exchanges and decentralized liquidity pools where PYTH is listed.
PYTHUSD matters to traders and investors as a basis for price discovery, hedging, arbitrage and portfolio valuation. It is also referenced by DeFi protocols that consume Pyth oracle feeds and by participants engaging in governance actions.
As with many crypto assets, PYTHUSD can exhibit elevated volatility and liquidity differs by exchange; monitoring spreads and depth is important for execution risk management.
Pyth Network is a blockchain-based oracle system that aggregates and distributes real-time market data from professional trading firms and exchanges. The network began mainnet operations on Solana in 2021 and the PYTH token was introduced subsequently to support governance and economic incentives. Development was driven by a consortium of market-data providers and trading firms; the token’s issuance parameters and governance rules are defined in the project documentation.
The PYTHUSD rate is established by supply and demand across spot venues and liquidity providers, and it is influenced by order flow, market-maker activity, on-chain oracle reports and broader macroeconomic or crypto-market sentiment. Price formation may vary between centralized exchanges and decentralized liquidity pools where PYTH is listed.
PYTHUSD matters to traders and investors as a basis for price discovery, hedging, arbitrage and portfolio valuation. It is also referenced by DeFi protocols that consume Pyth oracle feeds and by participants engaging in governance actions.
As with many crypto assets, PYTHUSD can exhibit elevated volatility and liquidity differs by exchange; monitoring spreads and depth is important for execution risk management.
PYTHUSD Chart
PYTH rallies on bullish sentiment – But there's a silent risk brewing
PYTH traders are riding high, but bears are waiting in the shadows.
Ambcrypto | 1 day ago
Pyth Adds OpenYield as a Publisher, Bringing Live Firm Bond Quotes Onchain
OpenYield joins Pyth Network as a data publisher, contributing firm, real-time pricing data on U.S. Treasury bonds. The platform operates as an SEC-registered Alternative Trading System, providing executable quotes on Treasuries, corporates, and municipals. Data is distributed through Pyth Pro and expands fixed income coverage for trading systems, RWA platforms, and onchain financial applications.
Crypto-economy | 2 weeks ago
Pyth Network's TradFi push gains steam as PYTH nears $0.05
Institutional bond pricing and Asian coverage could turn Pyth's data network into a revenue business.
Ambcrypto | 3 weeks ago
PYTHUSD FAQ
What is the current Pyth Network price?
The current price is $0.042800, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by +0.0001 (+0.2342%), showing how much the asset has moved compared to the previous close.
What is the previous close for Pyth Network?
The previous close was $0.042700, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (+0.2342%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($0.042391) and highest ($0.042900) prices traded during the selected period, helping assess volatility.
Why is Pyth Network (PYTH) moving today?
Price movements in Pyth Network are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($0.042800) is above the previous close ($0.042700), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Pyth Network?
You can view real-time charts, price updates, and market data for Pyth Network (PYTH) directly on this page.
