What is the price of PYTH? What project is Pyth Network?

According to Gate market data, as of May 14, 2025, the price of PYTH is $0.1914, with a 24-hour trading volume of $92 million across the network. The circulating market value of PYTH is currently reported at $695 million, ranking 104th in the cryptocurrency market. Although the current price has fallen over 80% from the historical peak of $1.15 in March 2024, the recent significant improvement in market sentiment has led to a 44.5% increase in PYTH over the past 7 days, indicating that funds are accelerating into the oracle sector.

From a technical perspective, the current RSI index of PYTH (68) is in the neutral zone, and the SMA has broken through the 200-day moving average, forming a "golden cross." There may be short-term correction pressure, but the medium to long-term trend is optimistic.

What is Pyth Network?

Pyth Network is a native decentralized oracle protocol on the Solana blockchain, focusing on providing high-precision, low-latency financial market data, covering over 380 asset classes including cryptocurrencies, stocks, foreign exchange, and commodities. Its core innovation lies in the price update model, where users call real-time data aggregated off-chain on demand, rather than the traditional timed push model of oracles, compressing the single data update time to 400 milliseconds and reducing Gas costs by 90%.

Pyth Network currently supports most mainstream blockchains (including Solana, Ethereum, BNB Chain, etc.), with a total asset value (TVS) exceeding $15 billion, and in April 2025, the monthly trading volume even surpassed $67 billion, becoming the core infrastructure for DeFi derivatives and algorithmic trading.

Technical Advantages

• First-party data sources: Aggregate direct market data from 90+ top financial institutions including Jump Trading, Jane Street, Nasdaq, avoiding second-hand data bias.
• Cross-chain compatibility: Synchronize data to 70+ blockchains via the Wormhole protocol, covering 95% of leading DeFi protocols.
• Tokenomics: 52% of the tokens are used for ecological incentives, 22% are allocated to data providers to drive network participation. 2.13 billion PYTH (21.3% of the total supply) will be unlocked in May 2025. If institutional demand is strong, it may alleviate selling pressure and drive up prices.

Market Positioning

Although Chainlink still dominates the oracle market with a TVS of $3.55 billion, Pyth has achieved explosive growth with its transaction volume-oriented (TTV) model—on-chain transaction volume is projected to reach $800 billion in 2024, with a year-on-year growth rate exceeding 10 times, especially capturing a 70% share in the derivatives sector (such as Drift Protocol).

The core difference between the two is:

• Speed: Chainlink data update cycle is 1 hour or triggered by a 0.5% price fluctuation, while Pyth achieves 3 updates per second to accommodate high-frequency trading needs.
• Cost Structure: Chainlink relies on node service subscription fees, while Pyth charges based on the number of calls, aligning better with the "pay-per-use" trend of DeFi 2.0.

PYTH Price Prediction

In the short term, PYTH faces two major catalysts:

1. Token unlock management: If the 213 million tokens unlocked in May are orderly absorbed by institutions, the price may surge to $0.50 - $1.20.
2. Regulatory Policies: The SEC's risk in determining the "securities attributes" of oracle remains, but the Trump administration's crypto-friendly policies may alleviate the pressure.

The long-term potential depends on ecological expansion:

• Technical Upgrade: The Oracle Integrity Staking mechanism will be launched in Q3 2025, improving data accuracy through a staking penalty mechanism.
• Institutional Collaboration: Deep integration with traditional financial giants like Cboe and Jump Crypto may drive PYTH into mainstream asset management portfolios.

According to CoinCodex's forecast, PYTH may reach $0.653 in June 2025 (an increase of 229.49% from the current price). In an optimistic scenario, if it captures 10% of Chainlink's market share, its market capitalization is expected to exceed $5 billion, corresponding to a price of $1.38.

Pyth Network Future Outlook

Pyth Network, with the vision of "real-time on-chain financial data," is reshaping the infrastructure layer of DeFi. Despite facing competition from Chainlink and the pressures of token unlocks, its technological advantages and ecological growth still make it one of the most noteworthy oracle projects to watch in 2025. For investors, it is essential to closely monitor the market reaction to the May unlock event and SEC regulatory dynamics, capturing the dividends of institutional waves amid volatility.

Author: Icing, Gate.io researcher *This article only represents the author's views and does not constitute any trading advice. Investment involves risks, and users should make cautious decisions. *The content of this article is original and copyrighted by Gate.io. If you need to reprint, please indicate the author and source; otherwise, legal responsibility will be pursued.