First announced in April 2021, the Pyth Network is the largest and fastest-growing first-party financial oracle for real-time asset price data. Pyth delivers over 500 low-latency price feeds across digital assets, FX, ETFs, equities, and commodities to more than 55 blockchain ecosystems, securely and transparently.
The Pyth Network comprises some of the world’s largest exchanges, market makers, and financial services providers, who contribute their proprietary price data to the Pyth oracle for on-chain aggregation and distribution to smart contract applications.
Pyth introduces a pull oracle design which empowers apps to request or pull the latest price update to their native blockchain on demand. The Pyth Network has secured more than $400B in trading volume across hundreds of Web3 and Web2 applications.