Pyth Network

Today's state: Pyth Network is trading at $0.038250 with a $0.3 billion market capitalization (rank #208). The price moved -2.60% over the past 24 hours and is +11.29% over 7 days; the 30-day move stands at +11.33% and the 90-day at -4.61%.

Position vs cycle: A drawdown of more than 70% from the last cycle high puts the asset firmly in deep-bear territory, where recoveries have historically required a fresh demand catalyst rather than mere mean-reversion.

Volatility and structure: 30-day realized volatility of 96.8% annualized is high for an asset this size. Our composite multi-horizon Price Strength reads Bearish (38/100), against a weakening multi-horizon backdrop with cumulative pressure across 30/90-day windows.

Looking past Bitcoin alone, how closely PYTH tracks the next two biggest layer-1s over 90 days indicates whether it is mostly market beta or something more independent. The daily-log-return correlations:

• Bitcoin reference: +0.56 — a moderate positive relationship.
• Ethereum reference: +0.52 — a moderate positive relationship.
• Solana reference: +0.69 — a strong positive relationship.

When an asset correlates strongly with multiple majors, it is trading largely as market beta — the big caps set the direction and standalone outperformance is elusive. Weak or negative correlations instead signal idiosyncratic forces (its own news, sector rotation, narrative changes) capable of producing returns the broader market does not share.

Pyth Network (PYTH) is a cryptocurrency, traded on global digital-asset markets. It trades at $0.0383 as of the latest update, with a 24-hour move down 2.60%, placing it at rank #134 by market capitalisation among all listed digital assets. Pyth Network's current market cap stands at $301.22M, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Pyth Network across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Oracle networks are the connective tissue between off-chain data and on-chain smart contracts. Without reliable oracles, DeFi lending (which needs price feeds for collateral), prediction markets, parametric insurance, and most real-world-asset tokenization would not work. Pyth Network is one of the dominant oracle providers in this category.

Pyth Network (PYTH) is a mid-cap asset in the broad top 250, ranked #208 among all tracked tokens by capitalisation. Its focus is low-latency price oracles, and launched in 2023. About 79% of the maximum PYTH supply is in circulation today (7.87B of 10.00B), leaving a moderate emission stream still to come. It currently trades about 97% below its all-time high of $1.15 set in March 2024.

Pyth Network is a decentralized oracle network: a layer of independent nodes that fetch real-world data (asset prices, sports scores, weather, identity attestations) and deliver it to smart contracts on multiple blockchains. The token is used to economically secure the network — nodes stake it as collateral against accurate reporting and are slashed for misbehavior.

Pyth Network (PYTH) is a mid-cap asset in the broad top 250, ranked #208 among all tracked tokens by capitalisation. Its focus is low-latency price oracles, and launched in 2023. About 79% of the maximum PYTH supply is in circulation today (7.87B of 10.00B), leaving a moderate emission stream still to come. It currently trades about 97% below its all-time high of $1.15 set in March 2024. Its fully-diluted valuation of $382.50M is about 1.3× the circulating market cap of $301.22M, a gap that signals issuance overhang to factor into any longer-term thesis.

Oracle tokens are used for: securing data feeds via staking, governance over which feeds and methods the network provides, paying for data delivery in some networks, and node-operator collateral. They are infrastructure plays — their adoption tracks DeFi and tokenization growth more than retail attention.

Daily volume runs at about 5.4% of market capitalisation ($16.24M in the last 24 hours), in the normal band for a coin of this size and supportive of orderly entries and exits.

The supply story for Pyth Network comes down to three things: how tokens are issued over time, how many are circulating now, and how far the fully-diluted valuation sits above the circulating market cap. Approximately 78.7% of maximum supply is currently circulating, meaning roughly 21.3% of total potential supply remains to be issued. This implies a structural emission stream against current demand for the asset. The fully diluted valuation (FDV) of $0.4 billion stands at 1.3× the current circulating market cap of $0.3 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

The question that matters for a longer-term view is simple: does value accrual (burns, staking-yield reinvestment, deflationary mechanics, growing ecosystem TVL) run ahead of new issuance, or behind it? Ahead, and price can compound quietly; behind, and it leans on continuous fresh demand to soak up the supply.

At the top of the macro stack sit interest rates, dollar liquidity and risk appetite, and crypto has tended to amplify all three. Easing financial conditions and a weaker dollar have historically pulled the sector up; tightening liquidity and a firmer dollar have reliably pulled it back down.

For cross-asset context, monitor the dollar (a headwind when it strengthens), long-term Treasury yields (the discount rate on risk), gold (a sometime companion in monetary-debasement narratives), and the S&P 500 (often correlated with crypto on liquidity-driven swings even though crypto is popularly billed as uncorrelated).

For Pyth Network specifically, the macro variable that has empirically led price most often is global crypto-market liquidity — proxied by stablecoin total supply, futures open interest, and exchange volumes. When these expand, PYTH tends to follow; when they contract, the relationship typically reverses. Given the 90-day BTC correlation of +0.56, PYTH's near-term macro sensitivity will be similar to Bitcoin's — driven primarily by the same liquidity conditions and risk-asset flows.

Specific risks: feed integrity (a bad data point can liquidate billions in DeFi collateral), node-operator centralization, smart contract risk in the oracle protocol itself, competitive pressure from rival oracle providers, and revenue dependence on broader DeFi activity. Oracle tokens are sensitive to DeFi-sector cycles.