While the broader market languished, it rose more than 3% against the trend. What’s supporting $PYTH ?
Current price: $0.0682, up 3.27% over 24h, after briefly reaching $0.0702. $LINK , in the same sector, fell 2.90% over the same period, making it the most resilient oracle token.
Project overview: Pyth Network is a decentralized oracle network. More than 100 first-party data publishers, including exchanges and market makers, provide on-chain quotes directly. It covers dozens of chains and hundreds of price feeds, with applications across DeFi, RWA perpetuals, and prediction markets. $PYTH is its governance token, which can be staked to participate in oracle integrity staking.
Catalysts: On November 8, Pyth launched data for U.S. stocks, ETFs, and 24/7 global indices, alongside agricultural indices and cotton futures. October annual recurring revenue (ARR) was $13.67 million, up 18.9% month over month. New registrations on Pyth Terminal rose 37% month over month to 4,451. October RWA perpetual pricing volume reached $829.4 billion, up 29% month over month and accounting for about 88.5% of that market. On November 3, Kalshi’s midterm election index settlements began referencing Pyth values. Today, Pyth data also went live on Cronos. The DAO received 621,330 USDC in revenue sharing for October, which was converted to PYTH under the rules to bolster reserves; as of November 1, reserves stood at 56.2 million PYTH.
Market data: Current price: $0.0682, up 3.27% over 24h, with a range of $0.0636–$0.0702; up 3.45% over 7 days, but still down 17.42% over 30 days. Market cap is about $536 million (ranked 99th). Circulating supply is 7.87 billion tokens out of a total 10 billion; FDV is about $681 million. Binance perpetuals recorded about $19.52 million in 24h trading volume, with open interest of about 111 million tokens (about $7.58 million) and a funding rate of -0.0041%/8h.
Risks: The price is down about 94% from its March 2024 all-time high of $1.20. About 2.13 billion tokens (roughly 21% of the total supply) are still awaiting release, so selling pressure has not fully cleared. An FDV of about 50 times ARR of $13.67 million means revenue remains small relative to valuation. Chainlink dominates the oracle sector, making it difficult to gain market share. The funding rate has turned negative, giving bears a slight edge.
What to watch next: Whether the price can hold above the 24h high of $0.0702; the funding rate settlement at 20:00 CST; whether the launch of U.S. stock data leads to new integrations; and the scale of future DAO reserve purchases.
In the oracle sector, do you favor Pyth’s first-party pricing model or Chainlink’s established network?
For informational purposes only; this is not investment advice.
Current price: $0.0682, up 3.27% over 24h, after briefly reaching $0.0702. $LINK , in the same sector, fell 2.90% over the same period, making it the most resilient oracle token.
Project overview: Pyth Network is a decentralized oracle network. More than 100 first-party data publishers, including exchanges and market makers, provide on-chain quotes directly. It covers dozens of chains and hundreds of price feeds, with applications across DeFi, RWA perpetuals, and prediction markets. $PYTH is its governance token, which can be staked to participate in oracle integrity staking.
Catalysts: On November 8, Pyth launched data for U.S. stocks, ETFs, and 24/7 global indices, alongside agricultural indices and cotton futures. October annual recurring revenue (ARR) was $13.67 million, up 18.9% month over month. New registrations on Pyth Terminal rose 37% month over month to 4,451. October RWA perpetual pricing volume reached $829.4 billion, up 29% month over month and accounting for about 88.5% of that market. On November 3, Kalshi’s midterm election index settlements began referencing Pyth values. Today, Pyth data also went live on Cronos. The DAO received 621,330 USDC in revenue sharing for October, which was converted to PYTH under the rules to bolster reserves; as of November 1, reserves stood at 56.2 million PYTH.
Market data: Current price: $0.0682, up 3.27% over 24h, with a range of $0.0636–$0.0702; up 3.45% over 7 days, but still down 17.42% over 30 days. Market cap is about $536 million (ranked 99th). Circulating supply is 7.87 billion tokens out of a total 10 billion; FDV is about $681 million. Binance perpetuals recorded about $19.52 million in 24h trading volume, with open interest of about 111 million tokens (about $7.58 million) and a funding rate of -0.0041%/8h.
Risks: The price is down about 94% from its March 2024 all-time high of $1.20. About 2.13 billion tokens (roughly 21% of the total supply) are still awaiting release, so selling pressure has not fully cleared. An FDV of about 50 times ARR of $13.67 million means revenue remains small relative to valuation. Chainlink dominates the oracle sector, making it difficult to gain market share. The funding rate has turned negative, giving bears a slight edge.
What to watch next: Whether the price can hold above the 24h high of $0.0702; the funding rate settlement at 20:00 CST; whether the launch of U.S. stock data leads to new integrations; and the scale of future DAO reserve purchases.
In the oracle sector, do you favor Pyth’s first-party pricing model or Chainlink’s established network?
For informational purposes only; this is not investment advice.
