Pyth Network
Market Open
15 Jun, 01:22
$
0. 038700
-0.0007
-1.7766%
$
636,484 Volume
$ 0.0394
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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 price rebounds 21% this week, but can PYTH overcome token unlocks?
Pyth Network targets institutional data markets as PYTH rebounds from lows while investors watch token unlock risks.
Crypto | 23 hours ago
After PYTH's 14% surge off record low, can it now clear THIS wall of sellers?
The threat of a sharp decline still lingers for PYTH's traders.
Ambcrypto | 1 day ago
PYTH attracts fresh capital after 15% rally – Is the downtrend finally weakening?
PYTH rallied 15% as volume and Open Interest surged, while technical indicators showed improving market conditions.
Ambcrypto | 3 days ago
PYTHUSD FAQ
What is the current Pyth Network price?
The current price is $0.038700, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by -0.0007 (-1.7766%), showing how much the asset has moved compared to the previous close.
What is the previous close for Pyth Network?
The previous close was $0.039400, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (-1.7766%) 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 ($0.038631) and highest ($0.039500) 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 ($0.038700) is below the previous close ($0.039400), 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.
