Pyth provides real-time market data across asset classes, sourced from institutional publishers and delivered through one API.

Pyth is building the market data layer for internet-native finance.

Pyth gives institutions, applications, blockchain ecosystems, prediction markets, and AI systems real-time access to prices across every major asset class. The network was built around a simple idea: market data should move directly from the source to the systems that need it — without unnecessary delays, fragmented integrations, or closed distribution paths.

Growth in DeFi requires high-fidelity, time-sensitive, real-world data, direct from the source and made available on any L1 blockchain. Financial market data, however, is often accessible to only a limited set of institutions and users. Traditional markets typically maintain strict control over and access to both live and historical price feeds. Consequently, only a selected group of users has access to the most timely, accurate, and valuable information.

The Pyth network is a next-generation oracle solution that aims to bring this valuable financial market data to the general public. The network does so by incentivizing market participants — trading firms, market makers, and exchanges — to share directly on-chain the price data collected as part of their existing operations. Pyth's data providers include some of the largest traders, exchanges, and financial services players who create unique high quality market data. This includes real world market data in equities, fx, crypto, and metals with ambitions to scale across asset classes. Data publishers include GTS, Jane Street, Hudson River Trading, LMAX, Virtu, BSX, CTC, and many more.

The Pyth Network, as a distributed system, needs to have a constitution and a clear governance system.

PYTH is the governance token of the Pyth Network, and the Pyth DAO constitution is the governance framework for the Pyth DAO. The constitution outlines the rules and procedures of the Pyth DAO. These rules and procedures are generally enforced through on-chain contracts and the associated parameters, unless specified by the Pyth DAO for actuation off-chain.