Overview
Pyth Network provides real-time market data sourced directly from over 120 financial institutions, including exchanges, market makers, and trading firms. This first-party data is delivered on-chain, enabling smart contracts and decentralized applications to access accurate and timely price feeds. The network operates by incentivizing data providers to publish their data directly, creating a more transparent and reliable source of information. Pyth's architecture involves a network of nodes that aggregate and validate data before publishing it to various blockchains. The value proposition lies in providing low-latency, high-fidelity price data, essential for DeFi protocols, trading platforms, and other applications requiring precise market information. Use cases include decentralized exchanges (DEXs), lending protocols, and derivative platforms, where accurate price feeds are critical for preventing manipulation and ensuring fair market operations.