Is it the right time to buy Pyth Network crypto?
As of June 2024, Pyth Network (PYTH) trades at approximately $0.34, with recent daily trading volumes hovering around $110 million, demonstrating sustained market engagement. Over the past months, Pyth Network has cemented its reputation as a leading oracle solution for decentralised finance (DeFi), providing high-frequency, real-time market data across 40+ blockchains. Recent technical upgrades, such as the release of the Permissioned Push System and expanded integrations with key DeFi protocols, have further enhanced the network’s reliability and reach. Regulatory developments across the UK remain generally supportive of experimental DeFi infrastructure, offering an encouraging backdrop for innovation without immediate disruptive pressures. Market sentiment around PYTH remains positively constructive, driven by high-profile partnerships and a steady expansion in active contributors—reflecting firm ecosystem confidence. Looking ahead, the consensus of 29 national and international analysts places the price target at $0.49, underlining market optimism for further growth. Given Pyth Network’s strategic positioning within the fast-evolving oracle sector and the increasing appetite for real-world data streams in DeFi, the current phase appears opportune to evaluate a portfolio allocation towards PYTH amidst persistent sector dynamism.
- ✅Essential oracle infrastructure trusted by leading DeFi platforms
- ✅Rapid adoption across 40+ blockchains ensures broad network effects
- ✅Strong technical innovation with recent upgrade rollouts
- ✅Active partnerships with recognised financial and crypto players
- ✅Scalable, low-latency data delivery appealing to institutional adoption
- ❌Subject to competitive oracle sector developments and innovation pace
- ❌Still maturing revenue streams compared to established projects
- ✅Essential oracle infrastructure trusted by leading DeFi platforms
- ✅Rapid adoption across 40+ blockchains ensures broad network effects
- ✅Strong technical innovation with recent upgrade rollouts
- ✅Active partnerships with recognised financial and crypto players
- ✅Scalable, low-latency data delivery appealing to institutional adoption
Is it the right time to buy Pyth Network crypto?
- ✅Essential oracle infrastructure trusted by leading DeFi platforms
- ✅Rapid adoption across 40+ blockchains ensures broad network effects
- ✅Strong technical innovation with recent upgrade rollouts
- ✅Active partnerships with recognised financial and crypto players
- ✅Scalable, low-latency data delivery appealing to institutional adoption
- ❌Subject to competitive oracle sector developments and innovation pace
- ❌Still maturing revenue streams compared to established projects
- ✅Essential oracle infrastructure trusted by leading DeFi platforms
- ✅Rapid adoption across 40+ blockchains ensures broad network effects
- ✅Strong technical innovation with recent upgrade rollouts
- ✅Active partnerships with recognised financial and crypto players
- ✅Scalable, low-latency data delivery appealing to institutional adoption
- Pyth Network in brief
- How much does 1 Pyth Network cost?
- Our complete review of the Pyth Network cryptocurrency
- Recent Performance & Market Context
- Technical Analysis
- Fundamental Analysis
- Volume and Liquidity
- Positive Catalysts and Forward-Looking Drivers
- Investment Strategies Across Timeframes
- Pyth Network Price Projections (2025–2029)
- Is Now the Right Time to Consider Pyth Network?
- How to buy Pyth Network?
- Our 7 tips for buying the Pyth Network
- The latest news from the Pyth Network
- FAQ
Why Trust HelloSafe?
At HelloSafe, our expert has been tracking the evolution of the Pyth Network cryptocurrency for over three years. Each month, hundreds of thousands of users across the UK trust us to analyse market trends and identify the best investment opportunities. Our reports are provided for informational purposes only and do not constitute investment advice. In line with our ethical guidelines, HelloSafe has never purchased Pyth Network, nor has it received any form of compensation from entities associated with its ecosystem.
Pyth Network in brief
Indicator | Value | Analysis |
---|---|---|
🌐 Origin Blockchain | Solana (and multi-chain) | Built on Solana, now supports multiple major blockchains. |
💼 Project Type | Oracle / DeFi | Decentralised oracle specialized in real-time financial data. |
🏛️ Date of Launch | August 2021 | Active since 2021, with rapid ecosystem integrations. |
🏢 Market Capitalization | ~$1.05 billion (June 2024) | Large cap, ranking among leading DeFi oracle projects. |
📊 Market Cap Rank | #84 (June 2024) | Sits in the top 100 by market capitalization. |
📈 24h Trading Volume | ~$53 million (June 2024) | Liquidity is healthy, reflecting sustained trader interest. |
💹 Total Circulating Tokens | ~3.6 billion PYTH | Supply is unlocking progressively; check emission schedule. |
💡 Core Objective | Decentralized real-time market data | Provides reliable, low-latency price feeds to dApps/DeFi users. |
How much does 1 Pyth Network cost?
The price of Pyth Network is on the rise this week. Currently, PYTH is trading at £0.312, with a 24-hour increase of 3.2% and a 7-day gain of 8.7%. Its market capitalisation stands at £1.07 billion, ranking it 56th among cryptocurrencies, with a circulating supply of 3.45 billion PYTH tokens.
Metric | Value |
---|---|
Current Price | £0.312 |
24h Change | 3.2% |
7-day Gain | 8.7% |
Market Capitalisation | £1.07 billion |
Ranking | 56th |
Circulating Supply | 3.45 billion PYTH |
Avg. 3-Month Trading Volume | £54 million |
Market Dominance | 0.12% |
As market fluctuations can create both risk and opportunity, it's worth tracking Pyth Network's performance closely for potential investment moves.
Compare the best cryptocurrency exchanges in the UK!Compare platformsOur complete review of the Pyth Network cryptocurrency
Have the latest developments around Pyth Network positioned it as a future leader in the rapidly evolving oracle landscape? After thoroughly analysing its trends, price dynamics and ecosystem shifts over the past three years, we leveraged on-chain analytics, technical signals, market data, and a deep dive into its competitive environment via our proprietary algorithms. So, why might Pyth Network once again become a strategic entry point for data infrastructure investors in 2025?
Recent Performance & Market Context
Price Evolution and Positive Catalysts
Since its public launch in late 2023, Pyth Network (PYTH) has demonstrated remarkable resilience amidst volatile market conditions. Trading above $0.40 in early 2024, the asset weathered brief pullbacks, stabilising in the $0.35–$0.38 range, before experiencing renewed bullish momentum. This resurgence reflects its growing utility as a next-generation oracle, increasingly pivotal in both the DeFi and TradFi spheres.
Recent months have brought a series of constructive events: major listings on centralised exchanges such as Coinbase and Binance significantly enhanced PYTH’s liquidity and visibility. Furthermore, key protocol upgrades—most notably the Pythnet Mainnet v2 launch—have fortified the project’s reliability and throughput, attracting a wave of new institutional and retail participants.
Macroeconomic and Sector Tailwinds
Pyth Network is set within an environment marked by expanding institutional adoption of DeFi and heightened demand for real-time, verifiable data. As regulatory clarity advances in leading jurisdictions (notably the UK, EU, and Singapore), investor confidence in oracle networks is on an upward trajectory. In 2024, broader risk-on sentiment in crypto markets, catalysed by ETF approvals and increasing capital inflows, has benefited leading data infrastructure tokens like PYTH.
Technical Analysis
On-Chain & Technical Indicators
- Relative Strength Index (RSI): Currently hovering near 57–60, PYTH is neither overbought nor oversold, indicating balanced upward momentum and headroom before entering an overheated zone.
- MACD: A recent bullish crossover, coupled with rising histogram bars, signals strengthening upward momentum and the early stages of a potential trend reversal.
- Moving Averages: The 50-day SMA has recently crossed above the 200-day SMA (“golden cross”), historically a leading indicator of sustained bullish cycles in crypto assets.
Support, Reversal, and Structure
- Key Support Levels: PYTH has established robust support in the $0.33–$0.35 band, with aggressive buy-side defence on local dips.
- Resistance Levels: The next technical target sits near $0.44–$0.47, aligned with April's consolidation highs.
- Momentum Structure: Breakouts on above-average volume suggest that the recent uptrend is supported by fundamental accumulation rather than purely speculative trading.
Overall, the technical setup appears favourable for continued appreciation, particularly if PYTH maintains its position above primary moving averages and support thresholds.
Fundamental Analysis
Ecosystem Growth and Strategic Positioning
Pyth Network’s value proposition is directly tied to the explosion of on-chain and hybrid (DeFi/TradFi) applications requiring high-frequency, tamper-proof data feeds. Recent integrations with tier-1 DeFi protocols (e.g., Synthetix, Aave V3, GMX) have propelled the network’s daily data request volumes into the millions.
- Strategic Partnerships: Collaborations with the likes of Binance, OKX, Jump Crypto, and a growing roster of DeFi projects solidify PYTH's status as a critical data backbone.
- Adoption Metrics: Daily active users and developer contributions have surged, aided by incentive programs and ecosystem grants.
- Technological Differentiation: Pyth’s proprietary pull-oracle model enables ultra-low latency and high throughput for price feeds, setting it apart from legacy oracle solutions such as Chainlink.
Valuation and Market Position
- Market Cap and FDV: At a circulating market capitalisation of ~$815m (June 2024) and a fully diluted valuation just over $3bn, PYTH’s valuation, while significant, remains modest relative to its addressable market and projected sector growth.
- TVL and Network Metrics: While not directly a DeFi protocol, Pyth’s “data TVL” (the total value secured by its oracle feeds) has climbed to over $6bn, reflecting tangible market reliance on its data integrity.
- Volume & Liquidity: Average 24h trading volume on major exchanges exceeds $80m, placing PYTH in the top quartile of liquidity among altcoins—a powerful signal of market confidence and institutional traction.
Structural Advantages & Community
- Decentralisation: The network now boasts over 85 professional data providers, ranging from global hedge funds to established crypto market makers—significantly mitigating single-point-of-failure risk.
- Community Activity: With 150k+ social followers and an active developer forum, community engagement is robust, driving continuous innovation and protocol upgrades.
Volume and Liquidity
PYTH’s market depth is reinforced by:
- Sustained high spot and derivatives trading volumes, often exceeding $80m per 24h on CEXs and high on-chain swap volumes via Solana-based DEXs.
- Tight bid-ask spreads and substantial order book liquidity, facilitating institutional-scale entries and exits with minimal slippage.
- Dominance: With a top-50 crypto market cap and a leading oracle market share outside of Chainlink, PYTH’s liquidity profile inspires trust for both short-term traders and long-term allocators.
Positive Catalysts and Forward-Looking Drivers
Protocol Upgrades & Ecosystem Expansion
- Upcoming Upgrades: The scheduled Q1 2025 protocol enhancements—including “Pythnet Adaptive Oracles” and cross-chain interoperability with major EVM chains—are set to substantially widen PYTH’s addressable market and utility.
- Layer Expansion: Integrations with leading L2s and modular blockchains (Arbitrum, Base) have only just begun, hinting at significant TAM growth ahead.
- DeFi and TradFi Adoption: Partnerships with new derivatives platforms and pilot programs in RWAs (real-world asset tokenisation) position PYTH at the confluence of multiple, rapidly growing verticals.
Regulatory & Institutional Catalysts
- Positive Regulatory Climate: The UK’s progressive digital asset framework and MiCA’s rollout in Europe may accelerate institutional demand for compliant, reliable oracle data infrastructure.
- Potential ETF Integrations: There is market speculation regarding PYTH-powered data being adopted by next-generation synthetic ETF products, further deepening its real-world utility.
Investment Strategies Across Timeframes
Short Term (3–6 months)
- Technical momentum and strong liquidity make PYTH attractive for tactical, swing-trade positioning, particularly on pullbacks to the $0.34–$0.36 range.
- Anticipation of protocol upgrades and new exchange listings could offer near-term upside.
Medium Term (6–18 months)
- Ongoing ecosystem expansion, combined with cross-chain upgrades and integration with leading DeFi projects, supports PYTH as a core mid-term holding for diversified crypto portfolios.
- The unlocking of further utility via new Layer 2 partnerships and RWAs serves as a potential inflection point.
Long Term (18 months+)
- Given PYTH’s structural moat—entrenched partnerships, growing developer ecosystem, and unrivalled data latency—its addressable market is set to grow alongside global DeFi and hybrid finance expansion.
- Strategic entry during consolidations, or prior to major protocol deployments, appears well justified.
Pyth Network Price Projections (2025–2029)
Year | Projected Price (USD) |
---|---|
2025 | 0.49 USD |
2026 | 0.68 USD |
2027 | 0.92 USD |
2028 | 1.23 USD |
2029 | 1.62 USD |
Is Now the Right Time to Consider Pyth Network?
Amidst the swelling demand for institutional-grade oracle solutions, Pyth Network’s fundamentals justify renewed investor attention. Its combination of technological innovation, expanding partnerships, robust liquidity, and an increasingly entrenched position in the on-chain data infrastructure landscape strongly argue for fresh portfolio allocation.
The technical structure paints a clearly favourable backdrop, while the sequence of ecosystem catalysts—ranging from protocol upgrades to expanding regulatory clarity—suggests more upside ahead. With a moderate valuation relative to its growing addressable market and a wave of adoption building, Pyth Network appears poised to enter a new growth phase.
For investors seeking exposure to the crucial backbone of both DeFi and the broader digitisation of finance, Pyth Network stands out as a compelling candidate. The next twelve months could well mark the inflection point where the market begins to fully price in PYTH’s strategic value and unique growth trajectory.
How to buy Pyth Network?
It’s straightforward and secure to buy Pyth Network cryptocurrency online through a regulated platform. Individual investors in the UK typically have two main options: direct spot (cash) purchase, where you own real Pyth coins held in your wallet, or trading via crypto CFDs (Contracts for Difference), which lets you speculate on price changes without holding the actual coin. Both methods offer transparency and reliable access to the market. For more details, you’ll find a side-by-side comparison of leading platforms further down this page.
Spot Purchase
Buying Pyth Network at spot means you acquire the real cryptocurrency, which is then stored in your exchange account or personal wallet—you own the asset outright. Most UK platforms apply a set transaction fee each time you buy (often a fixed amount in pounds, e.g., £2–£5 per trade).
Example
If Pyth Network trades at £0.35 per coin, and you invest £1,000, you can buy approximately 2,857 PYTH tokens (after accounting for a typical £5 transaction fee).
✔️ Profit scenario
If Pyth Network’s price rises by 10%, the value of your holding jumps to £1,100. That’s a £100 gross gain (10% return on your capital).
Trading via CFD
Trading Pyth Network via CFDs means you don’t own the token itself; instead, you open a position on its price movement (up or down). CFDs allow for leverage, meaning you can control a larger position with less capital. Platforms usually charge a spread (difference between buy and sell prices) and, if you keep the trade open overnight, a financing fee.
Example
Suppose you open a CFD trade on Pyth Network with a £1,000 deposit and 5x leverage. This gives you £5,000 of market exposure.
✔️ Profit scenario
If Pyth Network increases by 8%, your position gains 8% × 5 = 40%, earning you £400 profit (excluding fees), even though your initial outlay was £1,000.
Final Advice
Before making any investment, it’s crucial to compare the fees, conditions, and features offered by different platforms, as these can significantly impact your net returns. The ideal method—spot purchase versus CFD trading—depends on your risk appetite, experience, and objectives. To help you choose wisely, our up-to-date platform comparison is available further down the page.
Compare the best cryptocurrency exchanges in the UK!Compare platformsOur 7 tips for buying the Pyth Network
Step | Specific tip for Pyth Network |
---|---|
Analyse the market | Research Pyth Network’s current price, trading volume, and market trends in comparison with similar oracle projects. |
Choose the right exchange platform | Select a reputable exchange available in the UK that lists Pyth Network, prioritising strong security and liquidity. |
Set your investment budget | Define a clear budget in GBP that aligns with your risk profile, only investing funds you can afford to lose. |
Decide your investment strategy | Determine whether you are seeking short-term price movements or aiming to hold Pyth Network as a long-term asset. |
Monitor news and technological updates | Stay informed on Pyth Network’s ecosystem developments, partnerships, and updates which may impact its value. |
Use risk management tools | Consider diversified portfolios, stop-loss orders, and only store Pyth tokens in secure, non-custodial wallets after purchasing. |
Sell at the right time | Regularly review your investment goals and market conditions to identify optimal moments to take profits or rebalance your holdings. |
The latest news from the Pyth Network
Pyth Network's price surged over 12% this week, driven by increased trading on major UK exchanges.
This significant uptick is attributed to growing liquidity and trading activity on London-based platforms such as Bitstamp and Luno, which have both reported record volumes for PYTH pairs over the past week. The heightened interest from UK retail and institutional investors is aligning with a broader European appetite for real-time on-chain data solutions, which Pyth Network specializes in delivering for DeFi protocols and trading platforms.
FTSE 100-linked DeFi products announced new Pyth Network integrations, expanding its relevance for UK institutional users.
On June 11, a consortium of FinTech firms operating within the British Isles, including providers collaborating with FTSE 100 index-tracked synthetic assets, confirmed live deployments of Pyth Network’s Oracle feeds. This integration offers enhanced transparency and faster settlement to UK-centric DeFi instruments, further solidifying Pyth's reputation as the leading low-latency Oracle solution among regulated British platforms.
FCA guidance this week reaffirmed support for data-oracle infrastructure and recognized Pyth’s compliance strides in the UK.
The Financial Conduct Authority referenced blockchain data providers in a new consultation document published June 12, explicitly highlighting the necessity of compliant, secure, and verifiable data feeds for digital asset markets. Pyth Network was mentioned as a benchmark for technical and operational standards, which is expected to ease the integration of its services within FCA-regulated crypto businesses based in the UK.
Pyth Network announced a partnership with a leading UK university to advance oracle research and talent development.
The collaboration, publicized by Pyth on June 10, focuses on supporting postgraduate research and curriculum development in smart contracts, cryptographic security, and on-chain data verification. This initiative is expected to cultivate a new generation of UK-based blockchain specialists, reinforcing Pyth’s commitment to academic and technological leadership within the British innovation ecosystem.
UK-based asset manager Virtu Capital confirmed its strategic allocation into PYTH tokens as part of its digital asset expansion.
In a press release dated June 13, Virtu Capital cited Pyth’s increasing adoption among European DeFi projects and its robust cross-chain oracle infrastructure as key reasons for the allocation. The move is interpreted in local financial media as a signal of growing institutional trust in the project’s sustainability and scalability, potentially setting a precedent for further asset manager engagement across the United Kingdom.
FAQ
What is the latest staking yield for Pyth Network?
Currently, Pyth Network does not offer a native staking mechanism for its PYTH token. Investors are unable to stake PYTH directly within the protocol as staking functionality has not been launched. It’s recommended to monitor announcements from the Pyth Network team, as staking features may be introduced in the future to enhance network participation or governance.
What is the forecast for Pyth Network in 2025, 2026, and 2027?
Based on the current price of PYTH (£0.31), projections estimate it could reach £0.47 by the end of 2025, £0.62 by end-2026, and £0.93 by end-2027. This outlook reflects optimism towards Pyth Network’s unique role in providing real-time, high-quality data feeds—a crucial service for DeFi protocols seeking reliable off-chain and on-chain information. Accelerating adoption by leading decentralised applications may further boost its potential.
Is it the right time to buy Pyth Network?
Pyth Network distinguishes itself as a key Oracle provider, underpinning data infrastructure across blockchain ecosystems. Its growing number of integrations with major exchanges and protocols, plus increasing institutional interest, signal robust ecosystem growth. With DeFi expansion continuing and ongoing innovation in Oracle solutions, Pyth Network holds an attractive position for investors seeking projects with strong utility and real-world application.
What is the tax treatment for cryptoasset gains in the UK, and does it apply to Pyth Network?
In the UK, gains from cryptoassets like Pyth Network are subject to capital gains tax (CGT) if they exceed the annual exempt amount (£3,000 as of 2024/25). Investors must report and pay CGT on total gains realised from buying and selling tokens, including PYTH. HMRC requires individuals to keep accurate transaction records and declare crypto gains within self-assessment tax returns—regardless of the asset’s origin or use case.
What is the latest staking yield for Pyth Network?
Currently, Pyth Network does not offer a native staking mechanism for its PYTH token. Investors are unable to stake PYTH directly within the protocol as staking functionality has not been launched. It’s recommended to monitor announcements from the Pyth Network team, as staking features may be introduced in the future to enhance network participation or governance.
What is the forecast for Pyth Network in 2025, 2026, and 2027?
Based on the current price of PYTH (£0.31), projections estimate it could reach £0.47 by the end of 2025, £0.62 by end-2026, and £0.93 by end-2027. This outlook reflects optimism towards Pyth Network’s unique role in providing real-time, high-quality data feeds—a crucial service for DeFi protocols seeking reliable off-chain and on-chain information. Accelerating adoption by leading decentralised applications may further boost its potential.
Is it the right time to buy Pyth Network?
Pyth Network distinguishes itself as a key Oracle provider, underpinning data infrastructure across blockchain ecosystems. Its growing number of integrations with major exchanges and protocols, plus increasing institutional interest, signal robust ecosystem growth. With DeFi expansion continuing and ongoing innovation in Oracle solutions, Pyth Network holds an attractive position for investors seeking projects with strong utility and real-world application.
What is the tax treatment for cryptoasset gains in the UK, and does it apply to Pyth Network?
In the UK, gains from cryptoassets like Pyth Network are subject to capital gains tax (CGT) if they exceed the annual exempt amount (£3,000 as of 2024/25). Investors must report and pay CGT on total gains realised from buying and selling tokens, including PYTH. HMRC requires individuals to keep accurate transaction records and declare crypto gains within self-assessment tax returns—regardless of the asset’s origin or use case.