Infrastructure / Multichain / PYTH

Pyth Network

An oracle network delivering first-party market data, with pull-based onchain updates and a subscription streaming service.

THE OVERVIEW

What Pyth Network does

Pyth publishes market data sourced from first-party providers such as exchanges, banks, trading firms and market makers. Its documentation separates two offerings: Pyth Core, a set of decentralized feeds that support push and pull updates and can be verified on many blockchains, and Pyth Pro, a subscription service that streams prices at lower latency. [1]

In the pull model, anyone can submit a price update to the onchain Pyth contract, which verifies its authenticity and stores it. An application fetches the latest price from an off-chain service and submits it in the same transaction as its own logic, so the chain is only updated when a price is needed. The documentation contrasts this with push oracles that post updates on a fixed schedule and incur ongoing gas costs. [2]

IN PRACTICE

What people use it for

01

Read prices in a contract

Consume Pyth Core feeds through the onchain contract on a supported network. [1]

02

Update on demand

Fetch a signed price off-chain and submit it together with the application transaction. [2]

03

Stream low-latency data

Pyth Pro delivers subscription-based feeds for latency-sensitive applications. [1]

UNDERSTAND THE TECHNOLOGY

Key concepts

First-party data

Prices come directly from the institutions that trade rather than from third-party aggregators. [1]

Pull oracle

Onchain prices update only when a user submits a verified update. [2]

Core and Pro

Two products: decentralized onchain feeds and a subscription streaming service. [1]

MARKET CONTEXT

PYTH market

$0.0782+1.54% 24hPrice history, market data and signal →

Updated 5m ago · CoinGecko

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Official resources & sources

Dextape explanations based on the primary documentation below.