Pyth Network is set to unlock 2.13 billion PYTH tokens. This release amounts to approximately 36.96% of the current circulating supply, marking it as one of the largest token unlock events of the year.

Pyth Network is a decentralized oracle that aggregates data directly from exchanges, market makers, and trading firms.

Pyth Network is a first-party financial oracle network designed to provide low-latency real-world data to multiple blockchains securely and transparently. It functions as a bridge, connecting the typically separate data repositories of traditional finance with the decentralized, transparent framework of blockchain technology.

Unlike traditional oracles that depend on nodes collecting data from public sources, Pyth distinguishes itself by incentivizing the original owners of financial data to directly contribute it to the blockchain. This distinctive "first-party" data model ensures Pyth's relevance in the growing realm of DeFi. The network's data providers, which include global exchanges, trading firms, and market makers, are the genuine creators and owners of the data they provide.

PYTHPyth Network

2.13B PYTH Unlock