Pyth Network
Pyth Network is a decentralized oracle delivering real-time market data from 120+ institutional first-party publishers to smart contracts across 100+ blockchains. It serves DeFi protocols, exchanges, trading firms, and TradFi institutions via free Pyth Core feeds and a $10,000/month Pyth Pro institutional subscription.
- Company typePrivate
- Founded2021
- HeadquartersZug, Switzerland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Pyth Network does
Pyth Network is a decentralized oracle network founded in 2021 that delivers real-time financial market data from institutional first-party publishers to smart contracts across 100+ blockchains. The network pulls data directly from 120+ financial institutions — including exchanges, market makers, and trading firms such as Jane Street, Wintermute, Flow Traders, and Revolut — bypassing the node-operator aggregation model used by traditional oracles. Its core technology is a pull-based oracle mechanism that enables sub-second price updates, in contrast to push-based alternatives. The product portfolio spans Pyth Core (a free decentralized oracle with 400ms updates across 100+ blockchains, powering 711+ applications with $6.14B in Total Value Secured), Pyth Pro (a $10,000/month institutional subscription offering 1ms latency across 2,200+ feeds with 28 active subscribers and $1M+ ARR), the Pyth Data Marketplace (a pay-on-demand distribution platform for TradFi datasets launched April 2026 with Euronext, Fidelity, and Tradeweb as publishers), Pyth Entropy (verifiable RNG), and Pyth Express Relay (MEV protection). Business model combines freemium developer adoption with enterprise subscription revenue, Data Marketplace monetization, and emerging revenue streams directed into the PYTH Reserve buyback mechanism.
Pyth Network firmographics
Firmographics- Name
- Pyth Network
- Legal name
- Pyth Data Association
- Website
- https://pyth.network
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Pyth Network is a decentralized oracle delivering real-time market data from 120+ institutional first-party publishers to smart contracts across 100+ blockchains. It serves DeFi protocols, exchanges, trading firms, and TradFi institutions via free Pyth Core feeds and a $10,000/month Pyth Pro institutional subscription.
- Ownership category
- akta.pro rank
Pyth Network industry classification
Industry- Product category
- Blockchain Oracle / Financial Market Data Infrastructure
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Securities and Commodity Exchanges (523210), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Oracle Networks & Off-Chain Data (price feeds, randomness, attestation) (FSAPABAE)
- akta.pro secondary industries
- Oracles, Data Feeds & Attestations (price feeds, randomness, proofs) (FSAPAAAI), Blockchain Data & Indexing Infrastructure for Finance (Nodes, Indexers, Oracles) (FSAGAMAL), Oracle Node Operators & Data Provider Networks (FSADAKAH)
Keywords
Where Pyth Network is headquartered
LocationHeadquarters
- HQ city
- Zug
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
Pyth Network business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Pyth Pro Subscription: Subscription-based pricing for institutional-grade market data service. Provides ultra-low latency (1ms) price feeds across 2,200+ price feeds with customizable channels and dedicated support. Pyth Pro surpassed $1 million in annual recurring revenue with 28 active subscribers as of Q3 2025.
- Data Marketplace Distribution Fees: Institutions publish proprietary data (FX, metals, fixed income) through the Pyth Data Marketplace and retain control over attribution and pricing. Creates a pay-on-demand model for institutional data distribution across blockchains.
- Oracle Integrity Staking Delegation Fees: Stakers who delegate PYTH tokens to publisher pools earn delegation fees. Publishers can self-stake and attract delegators to cover costs of providing data. Reward rate currently set to 0 per OP-PIP-103, but slashing mechanisms remain active.
- Pyth Core (Free Tier): Decentralized price feeds for DeFi builders with 400ms update frequency available free of charge across 100+ blockchains. Serves as the primary on-ramp for developer adoption and ecosystem growth.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Pyth Pro institutional subscription at $10,000/month offering 1ms update frequency across 2,200+ price feeds with customizable channels and dedicated support |
| Freemium | Pay-as-you-go | Pyth Core decentralized oracle providing free price feeds to DeFi protocols |
| Freemium | Annual | Free Pyth Pro API keys offered to projects building on new blockchain integrations |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
Pyth Network product offering
Product offeringCore offering
Pyth Network operates a decentralized oracle network that delivers real-time financial market data sourced directly from 120+ first-party institutional publishers to smart contracts across 100+ blockchains. Its product portfolio includes Pyth Core (free decentralized price feeds with 400ms update frequency), Pyth Pro ($10,000/month institutional subscription with 1ms latency), Pyth Data Marketplace (institutional data distribution), Pyth Entropy (verifiable random number generation), and Express Relay (MEV protection). The network covers 3,000+ price feeds across crypto, equities, FX, commodities, and ETFs.
Product overview
Pyth Network is a blockchain oracle and market data provider offering a multi-product platform for real-time financial data. The core products are Pyth Core (decentralized pull oracle with 400ms updates across 100+ blockchains) and Pyth Pro (institutional subscription service with 1ms ultra-low latency). Supporting products include Pyth Marketplace (institutional data distribution), Pyth Entropy (verifiable random number generation), and Pyth Express Relay (MEV protection via quote aggregation). The ecosystem is secured by Oracle Integrity Staking with publisher quality ranking, and monitored through Pyth Metrics dashboards. The network delivers over 3,000 price feeds sourced from 120+ financial institutions including major exchanges and market makers, covering crypto, equities, FX, commodities, and economic indicators.
Differentiator
Problem solved
Functional benefit
Brands
- Pyth Core: Decentralized price feeds for DeFi and TradFi builders with deterministic on-chain delivery, offering 400ms update frequency across 100+ blockchains.
- Pyth Pro
- Entropy
- Express Relay
- Pyth Data Marketplace
Products and services
- Pyth Core Decentralized pull-based oracle system providing real-time price feeds for DeFi and TradFi builders with deterministic on-chain delivery. Offers 400ms update frequency across 100+ blockchains with support for both pull and push updates. Free tier with 3,000+ price feeds covering crypto, equities, FX, commodities, and ETFs.
- Pyth Pro Subscription-based, ultra-low latency (1ms) price data service for institutions and advanced use cases. Provides customizable channels for crypto, equities, and indices with dedicated support. Priced at $10,000 per month with 28 active subscribers by Q3 2025, surpassing $1 million in ARR.
- Pyth Data Marketplace Data distribution engine enabling financial institutions to publish and monetize proprietary datasets (FX, precious metals, oil, fixed income) across 100+ blockchains. Supports pay-on-demand pricing model with institutional providers retaining control over attribution and pricing.
- Pyth Entropy Secure, verifiable random number generator (RNG) for EVM-based smart contracts using a 2-party commit/reveal protocol. Provides on-chain randomness with verifiable results and supports 20+ EVM chains with native token fee payment.
- Pyth Express Relay MEV protection service enabling Searchers to submit competitive quotes for asset swaps, which are then made available to Protocols for potential execution. Addresses arbitrage and front-running vulnerabilities in DeFi.
- Oracle Integrity Staking (OIS) Decentralized staking and slashing mechanism that enhances Pyth price feeds with data accuracy accountability. Publishers stake PYTH tokens and can be penalized for inaccurate data through a slashing mechanism governed by the Pythian Council.
- Pyth 24/7 Indices 24/7 price indices for U.S. equities (Nvidia, Tesla, Apple), gold, silver, and crude oil, enabling continuous trading outside traditional market hours. Early adopters include Coinbase, Kraken, dYdX, and Nado.
- MarketVector Thematic Equity Indexes Four thematic equity indexes (AI 10, China 10, Defense 10, Innovators 100) engineered for 24/5 continuous markets, developed with MarketVector Indexes. Indexes underpin perpetual-style equity index futures launched by Coinbase.
Quantifiable outcome
- Total Value Secured grew 15.6% quarter-over-quarter to $6.14 billion in Q3 2025
- +5 more outcomes
Companies that use Pyth Network
Customer profileNamed customers14 records
Segments4 records
Ideal customer profiles3 records
Pyth Network technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature8 records
Pyth Network partnerships and signals
Strategic signalPartnerships
24 partnerships are on record, tiered core and minor.
- Cardano FoundationcoreCardano Foundation supported Pyth Network's launch on Cardano blockchain, offering free API keys and institutional-grade price feeds from 125+ financial institutions to enhance Cardano's DeFi ecosystem.
- MarketVector IndexescoreMarketVector Indexes (owned by VanEck) partnered with Pyth to launch four thematic equity indexes (AI 10, China 10, Defense 10, Innovators 100) leveraging Pyth's real-time market data infrastructure. Indexes underpin perpetual-style equity index futures on Coinbase's regulated U.S. exchange.
- CoinbasecoreCoinbase launched perpetual-style equity index futures on its regulated U.S. exchange, powered by MarketVector indexes and Pyth Network's real-time pricing data. Coinbase is an early adopter of Pyth's 24/7 equity indices.
- KalshicoreKalshi selected Pyth as primary price oracle for its Commodities Hub, enabling 24/7 trading on gold, silver, oil, copper and agricultural products. Trading volumes increased 40% following the partnership.
- EuronextcoreEuronext FX joined Pyth Network as a data publisher, marking the first time its proprietary FX data is available through onchain infrastructure. Euronext publishes spot FX data through the Pyth Data Marketplace.
- Fidelity InvestmentscoreFidelity Investments joined Pyth as a data publisher, making its market data available across 100+ blockchains for the first time. Publishes through the Pyth Data Marketplace.
- TradewebcoreTradeweb joined Pyth Network publishing fixed income and other data through the Pyth Data Marketplace, enabling decentralized access to institutional bond pricing data.
- OTC Markets GroupcoreOTC Markets Group joined as a Pyth data publisher, distributing reference data for over-the-counter securities through the marketplace.
- Exchange Data InternationalcoreExchange Data International joined Pyth publishing through the Data Marketplace, expanding Pyth's coverage of international securities reference data.
- Singapore Exchange FX (SGX FX)coreSGX FX joined Pyth as a publisher, anchoring global liquidity with institutional benchmarks via the Pyth Data Marketplace for FX and precious metals.
- PolymarketcorePolymarket integrated Pyth Network's real-time price feeds as resolution source for equity, commodity, and ETF markets. Strategic investment from Intercontinental Exchange (ICE) to increase stake in Polymarket.
- MatrixdockcoreMatrixdock uses Pyth as price oracle for XAUm tokenized gold on Solana, representing one troy ounce of LBMA-accredited physical gold per token with near-instant settlement.
- Ozak AIminorOzak AI integrated Pyth Network alongside SINT and HIVE Intel as strategic partners for AI-driven DeFi tools and smarter decision-making.
- KalshicorePyth Network and Kalshi partnered to enable real-time prediction market data on over 100 blockchains, marking the first large-scale streaming of regulated event data onchain. Expands market data to include politics, economics, sports, crypto, and culture.
- Intersect (Cardano)coreIntersect, Cardano's member organization, received ₳70,000,000 in community funding and delivered Pyth Network oracle feeds as one of three priority integrations under the Cardano Critical Integrations (CCI V1) program.
- CirclecoreCircle's USDCx native stablecoin was delivered as one of three priority Cardano Critical Integrations (CCI V1), working alongside Pyth oracle integration.
- LayerZerocoreLayerZero cross-chain messaging integration is in advanced development targeting Q3 under the Cardano Critical Integrations (CCI V2) program.
- Blue Ocean TechnologiescoreBlue Ocean Technologies partnered with Pyth to distribute overnight U.S. equity data onchain, expanding Pyth's real-world asset coverage for institutional trading.
- U.S. Department of CommercecorePyth partnered with the U.S. Department of Commerce to pilot onchain publication of federal economic data, marking Pyth's transition from DeFi-focused oracle toward multi-asset financial data infrastructure.
- Jump Trading GroupcoreJump Trading Group was an early access partner for Pyth Pro ($10,000/month institutional service), receiving priority access to ultra-low latency price feeds with 1ms update frequency.
- Jane StreetcoreJane Street was an early access partner for Pyth Pro institutional service, providing unique market data on-chain in real-time as a publisher.
- WintermutecoreWintermute uses Pyth as a publisher and ecosystem partner, integrating to advance decentralized markets with transparent, fair, and efficient pricing.
- Flow TraderscoreFlow Traders supports Pyth initiatives and uses the oracle for improving accuracy, quality, and democratization of market data.
- RevolutcoreRevolut works with Pyth to provide reliable market data to applications, influencing digital economies by ensuring developers and users have access to precise real-time information.
Scale indicators15 records
Recent moves6 records
Expansion highlights6 records
Pyth Network competitors and assessment
Company assessmentDirect peers
- Chainlink: Chainlink is the dominant blockchain oracle network, providing price feeds and verifiable randomness to smart contracts across dozens of blockchains. It is Pyth's primary direct competitor with deeper protocol integrations and broader cross-chain services (CCIP, Functions), competing head-to-head for DeFi protocol oracle integrations.
- API3: API3 is a first-party oracle network that connects smart contracts directly to data provider APIs without intermediary node operators, closely mirroring Pyth's first-party publisher model. Both compete on direct institutional data sourcing, though API3's quantum oracle focus on airnode-operated endpoints differs from Pyth's pull-based architecture.
- Band Protocol: Band Protocol is a cross-chain data oracle aggregating and connecting real-world data to smart contracts, primarily on Cosmos and EVM chains. It competes directly with Pyth for DeFi price feed integrations and shares similar multi-chain coverage ambitions, though at a smaller scale.
- Redstone Finance: Redstone is a modular oracle network offering EVM-friendly price feeds with a pull-based design similar to Pyth, emphasizing low gas costs and institutional data sources. It directly competes for DeFi protocol integrations, particularly on Ethereum L2s and新兴 chains.
- Chronicle Labs: Chronicle Labs (formerly Tellor) provides decentralized oracle infrastructure for price feeds and verifiable randomness, originally spun out of the Tellor protocol. It competes with Pyth in DeFi oracle integrations and shares a focus on transparency and community governance.
- DIA: DIA is a cross-chain oracle and data platform providing price feeds sourced from both on-chain and off-chain aggregators, with a strong focus on tokenized asset and traditional finance pricing. It competes with Pyth for oracle integrations on EVM chains and shares ambitions to bridge TradFi and DeFi data.
Emerging players
- Supra (Oracle): Supra provides a vertically integrated L1 blockchain with native oracle services (SupraOracles) offering high-frequency price feeds and cross-chain interoperability. While primarily an L1 competitor, its oracle product competes for DeFi protocol integrations alongside Pyth and Chainlink.
- Switchboard: Switchboard is a permissionless, push-based oracle on Solana and other chains that competes with Pyth for Solana ecosystem integrations. While Pyth dominates Solana with sub-second updates, Switchboard's customizable oracle framework offers an alternative for protocols wanting different trust assumptions.
Broad incumbents
- Kaiko: Kaiko is an established institutional crypto market data provider offering aggregated pricing, reference data, and indices to TradFi and crypto firms. It is comparable to Pyth's Pyth Pro and Data Marketplace offerings but serves the traditional institutional data customer segment that Pyth is now pursuing.
- Coin Metrics: Coin Metrics is an institutional crypto market intelligence and network data provider offering pricing, on-chain analytics, and reference rates. It competes with Pyth in the broader crypto market data space, particularly for institutional customers seeking comprehensive data and analytics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Pyth Network social profiles
Digital presencePyth Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pyth Network leadership team
Management profileNumber of profiles
Profiles2 records
Pyth Network funding detail
Funding detailFunding overview
Funding rounds3 records
Investors18 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pyth Network M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pyth Network
What does Pyth Network do?
Pyth Network operates a decentralized oracle network that delivers real-time financial market data sourced directly from 120+ first-party institutional publishers to smart contracts across 100+ blockchains. Its product portfolio includes Pyth Core (free decentralized price feeds with 400ms update frequency), Pyth Pro ($10,000/month institutional subscription with 1ms latency), Pyth Data Marketplace (institutional data distribution), Pyth Entropy (verifiable random number generation), and Express Relay (MEV protection). The network covers 3,000+ price feeds across crypto, equities, FX, commodities, and ETFs.
Is Pyth Network a public or private company?
Pyth Network is a private company. It is classified as venture growth investor backed and is currently operating.
When was Pyth Network founded?
Pyth Network was founded in 2021. It employs 11 to 50 people.
Where is Pyth Network based?
Pyth Network is headquartered in Zug, Switzerland, in the Europe region.
How does Pyth Network make money?
Four revenue lines are on record. Pyth Pro Subscription is the primary driver. The others are data Marketplace Distribution Fees, oracle Integrity Staking Delegation Fees and pyth Core (Free Tier).
Who are Pyth Network's main competitors?
Direct peers on record are Chainlink, API3, Band Protocol, Redstone Finance, Chronicle Labs and DIA. Emerging players are Supra (Oracle) and Switchboard. Broad incumbents are Kaiko and Coin Metrics.
Does Pyth Network have an API?
Yes. Pyth Network offers a public API for accessing real-time price data and market feeds. The API supports REST and WebSocket protocols for price data retrieval, with authenticated access via API keys for Pyth Pro. Developer documentation available at docs.pyth.network with API references for both Pyth Core and Pyth Pro. SDKs available in JavaScript/TypeScript and Rust for integration. MCP (Model Context Protocol) server available for connecting AI assistants (Claude, Cursor) to Pyth market data. Developer documentation is at docs.pyth.network.
What industry is Pyth Network in?
Pyth Network's product category is Blockchain Oracle / Financial Market Data Infrastructure. Its primary akta.pro industry code is FSAPABAE, Oracle Networks & Off-Chain Data (price feeds, randomness, attestation), with a secondary code of FSAPAAAI, Oracles, Data Feeds & Attestations (price feeds, randomness, proofs). Its NAICS code is 518210 and its SIC code is 6199.