Pyth (PYTH) Token Debuts at $500M Valuation as 90,000 Wallets Receive Airdrop

Atmosphere (Shutterstock/CoinDesk)


The Pyth Network currently has $1.5 billion in total value secured (TVS) across 120 protocols, making it the fourth-largest pricing oracle. Competitor Chainlink (LINK), in comparison, has $14.7 billion in TVS, according to DeFiLlama. Pyth gathers first-party pricing data from exchanges and institutional traders before sending that data to smart contracts.


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