🔥 Pyth decided to buy up its own token. All of it. Completely.
Imagine a coffee shop that every evening takes all of the day’s takings and uses them to buy up its own shares so that their price goes up. That’s roughly what Pyth Network does.
What it was: the DAO was sending funds to buy back PYTH tokens from the exchange, but only with a third of the money. Let’s call it a “polite” version.
How it works now: it’s 100% now. Before, you had to vote again every month. Now approval is granted once and for the long term, with no bureaucracy.
🤖 This isn’t “we’ll buy something on a whim”
The rules are spelled out strictly:
slippage of no more than 5%, so you don’t overpay;
one purchase no more than $25,000, so you don’t unleash a tsunami on the market;
every purchase is visible on the blockchain, and everything can be verified.
📈 So where does the money come from?
Pyth provides market data for crypto and more. According to the latest data:
annual recurring revenue reached $11.5 million;
over the quarter, it grew by 86%;
Pyth serves 94% of the perpetual contracts market for real-world assets (in Q3, that was $2.09T in volume). Even Kalshi and Polymarket use its data.
Revenue is growing, so more money will go toward buybacks.
🏦 What you’ve already accumulated
About 42 million tokens are held in the “Pyth Reserve” “piggy bank.”
🧂 But let’s not wear rose-colored glasses
A token buyback doesn’t guarantee a price increase. It only adds demand.
$11.5 million per year for the crypto market isn’t a huge amount, so the effect could be modest.
This is not investment advice—just news. You decide on money matters yourself.
Bottom line: Pyth turned revenue into an “automated machine for scooping up its own token.” Whether it works, the numbers in the coming quarters will show. 🚀
