Should You Buy Pyth Network in 2025?

Pyth Network in brief

How much does 1 Pyth Network cost?

The price of Pyth Network is on the rise this week. As of now, PYTH is trading at £0.264, showing a 2.5% increase over the past 24 hours and a notable 7.1% gain this week. The market capitalisation stands at £963 million, ranking it 74th among all cryptocurrencies, with an average three-month trading volume of £138 million. There are currently 3.62 billion PYTH coins in circulation, representing a market dominance of 0.06%. With its ongoing momentum and moderate volatility, Pyth Network draws keen interest from investors navigating the dynamic crypto landscape.

Our complete review of the cryptocurrency Pyth Network

After analysing the most recent trends for Pyth Network alongside its volatility and evolution over the last three years, we leveraged a unique blend of on-chain metrics, technical signals, market data and competitive ecosystem analysis using our proprietary algorithms. The convergence of data sources highlights emerging patterns and key inflection points rarely visible to conventional investors. So, why might Pyth Network once again become a strategic entry point in the growing Decentralised Data Oracle sector in 2025?

3. Recent Performance and Market Context

Price Evolution

Pyth Network (PYTH) has traced an impressive journey since its token launch in late 2023. After debuting near 0.37 USD, the token quickly established vibrant on-chain activity, benefitting from sustained liquidity and rapid integrations across several DeFi protocols. Throughout 2024, PYTH saw robust price appreciation, in line with major Layer 1 rallies and data infrastructure narratives. As of today, PYTH is trading around 0.41 USD, having displayed remarkable resilience even during broad market corrections, outperforming several oracle competitors including Band Protocol and API3.

Positive Recent Events

• Binance and Coinbase Listings: The past 9 months have seen PYTH listed on leading exchanges, greatly enhancing its liquidity and profile among institutional and retail participants alike.
• Record TVS Growth: Total Value Secured (TVS) on Pyth has surged beyond $6.5 billion, a testament to rising protocol adoption and trust by major DeFi protocols, such as Synthetix, Injective, and Solana-based dApps.
• Landmark Partnerships: Strategic alliances announced in 2024 with key infrastructure partners such as Wormhole and LayerZero have furthered the network’s interoperability vision.

Macro & Sector Tailwinds

The digital assets landscape for 2025 is expected to remain robust. As centralised exchanges face increasing scrutiny, DeFi protocols relying on reliable, ultra-low-latency data feeds—Pyth’s core value proposition—are seeing renewed capital inflows. Meanwhile, institutional adoption is accelerating: asset managers and market makers are demanding verifiable, transparent price inputs, aligning with Pyth Network’s “first-party” data model. Simultaneously, the continued emergence of modular blockchains and cross-chain bridges further expands the demand for high-fidelity oracles, placing Pyth Network in a leadership position.

3. Technical Analysis

Key Crypto Indicators

• Relative Strength Index (RSI): As of early June 2024, PYTH’s daily RSI oscillates near 54, indicating neutral-to-bullish conditions without signs of overheated speculation.
• MACD (Moving Average Convergence Divergence): The MACD histogram has just turned positive on the weekly timeframe—a classic bullish reversal setup commonly preceding medium-term rallies.
• Moving Averages: Both the 50-day and 100-day EMAs serve as dynamic support—current price action consistently finds buy-side interest above these lines, suggesting sustained underlying demand.

Solid Support Levels; Bullish Reversal Signals

Technical charts highlight robust order book support in the 0.34–0.36 USD region, backed by significant on-chain staking and steady CEX inflows. A double-bottom pattern can be discerned on the daily chart, with clear higher lows forming since Q1 2024, further supported by positive momentum divergence on the 4H and daily timeframes. The confluence of these factors sets the stage for a potential breakout towards fresh yearly highs if current trendlines are maintained.

Favourable Momentum Structure

• Short-term: Sideways consolidation above 0.40 USD suggests market absorption and potential for a squeeze higher.
• Medium-term: The absence of aggressive sell-offs and strong reaction to dips reflect institutional accumulation and long-term positioning.
• Volume profile: Sustained spot and derivatives turnover—volumes routinely exceeding $45 million/day—underscore robust market commitment.

3. Fundamental Analysis

Adoption, Ecosystem Development and Strategic Partnerships

• Exponential dApp Integration: Over 340 dApps (across Solana, Ethereum, Sui, Aptos) currently leverage Pyth oracles for real-time price data—a broad adoption curve outpacing many incumbents.
• Key Protocol Partnerships: Recent integrations with key projects in the DeFi and liquidation space (Drift Protocol, Marginfi, Kamino) solidify Pyth’s entrenchment within high-value verticals.
• Developer Activity: Github commit rates and active contributors have risen 40% YoY (2023–2024), signaling exceptional developer engagement and a high rate of shipping product upgrades.

Attractive Relative Valuation

• Market Cap: $640 million (as of June 2024)
• Fully Diluted Valuation (FDV): $4.06 billion
• TVS (Total Value Secured): $6.5 billion
• P/E and Ecosystem Benchmarks: Relative to peers, Pyth ranks attractively on a TVS/Market Cap multiple, with only Chainlink boasting larger figures worldwide.

Pyth’s valuation provides a rare blend of growth exposure and defensive attributes for investors looking to hedge against both sector volatility and project centralisation risks.

Structural Advantages

• Proprietary “First-party” Oracle Data: Pyth’s architecture sources price feeds directly from trading firms, market makers, and exchanges—a structural edge over “third-party aggregation” models. This unique mechanism provides ultra-low latency and greater data reliability, expanding trust among institutional DeFi counterparts.
• Scalable Cross-Chain Solution: Pyth delivers verifiable data on over 40 blockchains, underpinned by the Wormhole protocol, making it a universal connective tissue for modular DeFi architectures.
• Active Community: The project’s Discord and social media presence have seen a 50% uptick in active participants, maintaining top-quartile scores for educational content, governance participation, and dev engagement.

Volume and Liquidity

• Consistent Exchange Volume: PYTH averages $45–60 million in daily combined spot/derivative trading on major venues (Binance, Coinbase, OKX), with deep liquidity across USD and USDT pairs.
• Order Book Depth: Tight bid-ask spreads on CEXs and ascending protocol TVS provide strong liquidity foundations that neutralise volatility risks often seen in smaller-cap oracles.
• Market Positioning: PYTH has cracked the Top 100 by market capitalisation and remains the second-largest Oracle token by TVS and unique data feeds delivered, firmly establishing its strategic industry footprint.

Catalysts and Positive Prospects

• Protocol Upgrades: The roadmap for 2024–2025 features “Permissionless Publisher Onboarding” and a major cross-chain composability update—both anticipated to further accelerate adoption.
• Major Integrations: Direct integrations with high-growth RPGF (Retroactive Public Goods Funding) projects and DeFi/NFT launches are in advanced stages, set to propel transactional volumes and recurring fee revenue.
• Regulatory Tailwinds: Growing institutional adoption is supported by a favourable regulatory environment in the UK, EU and selected APAC regions, unlocking new user bases and capital pools.
• Novel Use Cases: Pyth is expanding its data offering to on-chain derivatives, prediction markets, and even real-world asset tokenisation, vastly enlarging its addressable market over the next 18–36 months.

3. Investment Strategies by Horizon

Short Term (weeks to 3 months)

• Entry on Technical Retracement: Given robust supports at 0.34–0.36 USD, dips are being aggressively accumulated by both whales and active funds. Tactical entries on minor pullbacks or post-announcement consolidations appear attractive.
• Event-Driven Catalyst Positioning: Anticipated ecosystem upgrade slated for Q3 2024 provides a natural short-term “buy-the-rumour” opportunity for swing traders.

Medium Term (6–24 months)

• Trend-Following Exposure: With TVS, integration counts, and trading volumes on a firm upward path, holding through protocol enhancements and the Q2 2025 roadmap update could yield compound growth benefits.
• Compound Yield Play: Staking and liquidity mining programs offer competitive rewards, allowing mid-term investors to benefit from passive yield atop projected capital appreciation.

Long Term (2–5 years)

• Thematic Growth Thesis: For thematic investors, Pyth Network’s position as the backbone for DeFi’s “data layer”—especially as institutions embrace tokenisation and real-world assets—supports a longer-horizon conviction.
• Resilience Amid Cycles: Structural decentralisation, cross-chain presence, and a growing share of data feeds provide anti-fragility for patient capital during crypto market rotations.

3. Pyth Network Price Forecast (2025–2029)

3. Is Now the Right Time to Consider Pyth Network?

The convergence of fundamentals—an exceptionally sticky and rapidly expanding user base, best-in-class oracle technology, favourable regulatory currents, and sustained trading activity—suggests Pyth Network represents an excellent opportunity in a well-positioned segment of the crypto markets. Robust technical supports, clear signs of institutional accumulation, and an ambitious roadmap aligned with DeFi’s maturing infrastructure only reinforce this view. With on-chain adoption metrics and positive market sentiment both trending upwards, the fundamentals justify a renewed interest from informed investors.

As Pyth Network could well be entering a fresh, bullish phase of its market cycle, allocation during periods of technical consolidation or ahead of protocol upgrades seems to offer an attractive asymmetric risk/reward dynamic for attentive market participants. Looking forward, the expanding role of oracles within the broader digital asset economy—and Pyth’s adaptive, cross-chain approach—should continue to drive confidence and further upside in forthcoming cycles.

Pyth Network remains a high-volatility digital asset with dynamic investment potential, requiring disciplined risk management. The recently observed price acceleration confirms Pyth Network’s unique ability to trigger sharp, powerful trends; yet, the evolving macro landscape mandates selectivity and conviction. With compelling on-chain and technical supports and a major protocol upgrade planned for Q2 2025, it is worth watching closely as one of the most compelling candidates in the decentralised oracle ecosystem.

How to buy Pyth Network?

It’s easy and secure to buy Pyth Network (PYTH) cryptocurrency online from the UK using a regulated platform. There are two main methods: you can either purchase PYTH directly and hold the coins in your own wallet (spot buying), or you can trade its price movements via crypto CFDs (Contracts for Difference), which allow you to speculate without owning the actual asset. Both options offer flexibility, with different advantages, fees, and levels of risk. Below, we outline each approach in detail. For a comparison of trusted platforms, see the dedicated section further down this page.

Spot Purchase

When you buy Pyth Network (PYTH) on the spot market, you gain real ownership of the coins, which are stored securely in your crypto wallet on the exchange or transferred to your own private wallet. This is the most common and straightforward way to invest in PYTH. Spot purchases typically incur a fixed commission per transaction, often ranging from £1 to £3, depending on the platform.

Example

If Pyth Network is priced at £0.25 per coin, with £1,000 you could buy approximately 4,000 PYTH coins, accounting for around £5 in transaction fees.

Gain Scenario: If the price of Pyth Network rises by 10%, your portfolio would now be worth £1,100.
Result: £100 gross gain, representing a +10% return on your original investment.

Trading via CFD

Trading Pyth Network through CFDs means you do not own the actual coins; instead, you speculate on the price direction (up or down) using leveraged products. This method allows you to take larger positions with less initial capital, but it also amplifies gains and losses. Fees for CFDs include a spread (the difference between buy/sell prices) and a daily financing (overnight) fee if the position is held open for more than a day.

Example

You open a CFD position on Pyth Network with a £1,000 deposit and use 5x leverage.
This gives you market exposure of £5,000.

Gain Scenario: If Pyth Network gains 8%, your position increases by 8% × 5 = 40%.
Result: £400 profit on your £1,000 investment (excluding fees).

Final Advice

It’s essential to carefully compare platform fees, security, and trading conditions before investing. Choosing the right method—spot purchase for real ownership or CFD trading for leveraged exposure—depends on your personal investment goals and experience in the crypto market. To help you make an informed choice, consult the comparison of reputable UK platforms available further down this page.

Our 7 tips for buying Pyth Network

The latest news from the Pyth Network

Pyth Network announced a new collaboration with London-based XTX Markets to enhance real-world data delivery. Pyth Network revealed on June 3rd, 2024, that it is partnering with XTX Markets, a leading quantitative trading firm headquartered in London, to provide high-frequency, institutional-grade financial data feeds to DeFi applications. The partnership is intended to improve the quality and freshness of market data available to decentralized finance platforms in the UK and across Europe, a move expected to bolster Pyth's usage among regional DeFi participants and potentially lead to further integrations with other local financial institutions.

Major UK crypto exchange Luno has confirmed listing PYTH, expanding access for UK retail and professional investors. Luno, one of the most prominent cryptocurrency exchanges serving British users, announced on June 4th, 2024, the listing of the PYTH token. The listing allows a broader base of UK users to trade and invest in PYTH directly via GBP pairs, marking an important step for Pyth Network's adoption in the UK market. This move is also indicative of growing recognition and legitimacy of data oracle tokens among established UK-based crypto platforms.

Pyth Network metrics show record UK-based developer engagement since integration with Solana Hackathon London events. Data released by Pyth Network's developer relations team on June 5th highlights a significant increase in participation by UK-based developers, particularly following workshops and hackathons organized in London in late May. The events, run in conjunction with the Solana Foundation, facilitated hands-on integration of Pyth’s price feeds and oracle technology, catalysing new project launches and further embedding Pyth’s services within the UK crypto developer community.

The UK Financial Conduct Authority clarified positive guidance for decentralized oracle services, indirectly benefiting Pyth Network's market positioning. On June 3rd, 2024, the FCA updated its official guidance on crypto-assets, specifically addressing questions about decentralized oracle systems. While not naming Pyth directly, the regulatory adjustment confirms that decentralized data providers will be assessed under a “pro-innovation” regulatory principle, creating a more supportive environment for projects like Pyth. This regulatory clarity is expected to reassure both institutional and retail participants interested in the network’s services.

Pyth Network reported an all-time high for GBP-denominated transaction volumes following several new DeFi protocol integrations in the UK. According to analytics shared on June 6th, 2024, Pyth Network has experienced a marked surge in GBP-based transaction activity tied to its recent integrations with UK-focused DeFi protocols. This development signals strong organic adoption in the UK and points to increasing reliance on Pyth's real-time data services by local financial applications. It also underscores positive market sentiment and growing network utility within the British crypto economy.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.