Why did the price of PYTH go up?

Pyth Network (PYTH) increased by 8.13% in the last 24 hours, outperforming the overall crypto market, which rose by 4.02%. This movement reverses a downward trend seen over the past month. The main reasons behind this rise include positive technical indicators, growing interest from large financial institutions, and expansion within its ecosystem.

1. Technical Breakout (Positive Sign) – PYTH’s price broke through important resistance levels with strong momentum.
2. Institutional Adoption (Positive Sign) – New partnerships in decentralized finance (DeFi) are expanding Pyth’s use as a data provider.
3. Market Sentiment Shift (Mixed Impact) – Investors are moving money into altcoins like PYTH, but broader economic risks remain.

Deep Dive

1. Technical Breakout (Positive Sign)

Overview: PYTH’s price moved above its 7-day simple moving average (SMA) of $0.1478 and its 30-day exponential moving average (EMA) of $0.155. The Relative Strength Index (RSI) for 14 days is 45.32, showing the coin is no longer oversold. The MACD indicator suggests that downward pressure is easing, while Fibonacci retracement levels point to a possible price target of $0.1623 (the 50% retracement level).

What this means: Breaking above these moving averages indicates growing short-term optimism among traders. The high trading volume of $86.4 million in 24 hours (a 105.6% increase from the previous day) confirms strong market interest. If PYTH stays above $0.1623, it could aim for $0.174 (the 38.2% Fibonacci level).

What to watch: The price range between $0.148 and $0.155 is critical. Falling below this zone could undo the recent breakout.

2. Institutional Adoption (Positive Sign)

Overview: On September 22, Moonlander, a decentralized perpetuals trading platform backed by Crypto.com Capital, integrated PYTH’s oracles to access real-time price data. This is part of Pyth’s Phase 2 plan to tap into the institutional data market valued at over $50 billion (source).

What this means: Moonlander’s $33 million in total value locked (TVL) and its high-leverage trading products could increase demand for PYTH’s data services. This institutional interest aligns with Pyth’s partnership with the U.S. government announced on August 28, where Pyth began publishing GDP data on the blockchain—a move that previously helped PYTH’s price jump by 70%.

What to watch: Look for more partnerships, especially those combining traditional finance (TradFi) and decentralized finance (DeFi) products.

3. Market Sentiment Shift (Mixed Impact)

Overview: The crypto Fear & Greed Index is neutral at 42 out of 100, while the Altcoin Season Index increased by 8.93% in 24 hours, showing investors are shifting funds into mid-sized altcoins like PYTH. However, Bitcoin’s dominance remains high at 58.24%, which limits how much altcoins can rise.

What this means: PYTH is benefiting from a growing appetite for risk but still faces potential setbacks if the overall market weakens. Its 60-day return of +40.43% shows strong performance compared to other coins. However, the total open interest in crypto derivatives is $1.23 trillion (up 10.37% in 24 hours), which could increase the risk of forced sell-offs.

Conclusion

PYTH’s recent price increase is driven by strong technical signals, strategic partnerships, and a cautious return of interest in altcoins. While the outlook is mostly positive, traders should keep an eye on Bitcoin’s market dominance and the $0.148 support level to gauge if the rally can continue.

Key watch: Can PYTH maintain its position above the 200-day SMA at $0.136 as leverage in the crypto market rises?

What could affect the price of PYTH?

Pyth’s price is influenced by growing institutional use and changes in token supply.

1. Institutional Data Partnerships – Working with the U.S. government may boost demand.
2. Token Unlock Overhang – More tokens becoming available could lower prices.
3. DeFi Derivatives Growth – Increasing need for real-time data supports Pyth’s value.

Deep Dive

1. Institutional Data Adoption (Positive Outlook)

Overview:
Pyth Network (PYTH) partnered with the U.S. Department of Commerce in August 2025 to share important economic data like GDP on the blockchain. This partnership adds credibility and expands Pyth’s reach, as it now supplies verified data to over 100 blockchains. The next phase aims at tapping into a $50 billion institutional market for data.

What this means:
If institutions start using Pyth regularly, it could create steady income through subscription services linked to the PYTH token. Even capturing 1% of this market could mean around $500 million in yearly revenue, according to expert estimates.

2. Token Unlocks & Supply Dynamics (Potential Risk)

Overview:
In May 2025, 2.13 billion PYTH tokens were unlocked, which was about 58% of the tokens available at that time. This caused the price to drop by 35%. No big unlocks are expected until May 2026, but 41% of the total 10 billion tokens are still locked.

What this means:
When large amounts of tokens become available, it can lead to selling pressure as holders try to cash out, which may push prices down. With about 5.75 billion PYTH tokens currently circulating, future unlocks could impact the price if demand doesn’t keep up.

3. DeFi Derivatives Expansion (Positive Outlook)

Overview:
Pyth provides 60% of the data feeds used in decentralized finance (DeFi) derivatives platforms like Synthetix and Moonlander. The volume of derivatives trading has grown nearly 50% monthly, reaching $1.43 trillion globally.

What this means:
Fast and accurate data updates from Pyth are essential for high-speed trading and leveraged products, some offering up to 1000x leverage. Each new platform that integrates Pyth, such as Cronos’ Moonlander, strengthens its position and network effects.

Conclusion

PYTH’s future depends on balancing growing institutional use with the risks from token supply increases. Partnerships with the U.S. government and growth in DeFi are positive signs, but token unlocks and competition from Chainlink (which controls 60% of the oracle market) are challenges to watch. Keep an eye on the 30-day RSI (currently 45.32); if it rises above 50, it could indicate renewed upward momentum.

What are people saying about PYTH?

The Pyth Network community is buzzing with excitement, fueled by institutional interest and price speculation. Here’s what’s making headlines:

1. U.S. government partnership – PYTH’s price jumped 70% after becoming a channel for official economic data
2. Institutional focus – Expanding into a $50 billion market data industry with Phase 2 plans
3. Technical breakout – Traders are eyeing $0.85 targets after the token broke a long-term downtrend
4. Ecosystem growth – Integrations with xStocks and RHEA highlight growing real-world use

Deep Dive

1. @the_smart_ape: Institutional Data Opportunity Bullish

"Pyth’s Phase 2 aims to disrupt the $50 billion institutional data market – capturing just 1% means $500 million in yearly revenue. The U.S. Commerce Department deal shows strong government support."
– @the_smart_ape (89K followers · 2.1M impressions · 2025-09-05 07:59 UTC)
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What this means: This is positive for PYTH because institutional adoption could boost revenue through subscription fees and token buybacks. Plus, government backing lowers regulatory risks.

2. @GACryptoO: GDP Data Partnership Bullish

"🚀 $PYTH soared 70% after the U.S. Commerce Department chose Pyth to publish GDP data on the blockchain – hitting $1.15 all-time high looks possible!"
– @GACryptoO (32K followers · 860K impressions · 2025-08-29 06:52 UTC)
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What this means: This is a strong positive because being an official source for economic data positions PYTH as essential infrastructure. According to Coinspeaker, the token’s trading volume jumped 330% after the announcement.

3. @cuongtran2024: Technical Breakout Signals Bullish

"$PYTH broke its weekly downtrend – entry at $0.167, target price $0.855. Institutional interest and technical signals align perfectly."
– @cuongtran2024 (18K followers · 410K impressions · 2025-09-07 01:34 UTC)
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What this means: This is positive because PYTH recently surpassed the $0.15 resistance level, which now acts as support, with increasing trading volume. However, the RSI indicator at 70 suggests a possible short-term pause or consolidation.

4. @xStocksFi: Real-World Asset Integrations Bullish

"Pyth Express Relay now supports tokenized stocks like $AAPLx – reducing slippage through Request for Quote (RFQ) systems."
– @xStocksFi (27K followers · 720K impressions · 2025-07-07 12:04 UTC)
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What this means: This is positive because integrating real-world assets expands PYTH’s use beyond cryptocurrencies, tapping into the $14 trillion tokenized securities market.

Conclusion

Overall, sentiment around PYTH is bullish, driven by government partnerships, institutional growth plans, and strong technical momentum. While PYTH’s fully diluted valuation ($1.1 billion) is still 20 times smaller than Chainlink’s, the upside depends on successfully turning Phase 2 plans into revenue. Keep an eye on the DAO’s Q4 vote on token utilities—decisions on staking or buybacks could spark the next price surge.

What is the latest news about PYTH?

Pyth Network is gaining momentum thanks to support from big institutions and new exchange listings. Here’s the latest:

1. U.S. Commerce Department Data Deal (August 28, 2025) – PYTH’s price jumped 68% after being chosen to verify federal economic data on multiple blockchains.
2. Phase 2 Expansion Launch (September 4, 2025) – Pyth is moving into the $50 billion+ market data industry, offering subscription services for professional-grade financial data.
3. bitcastle Exchange Listing (September 3, 2025) – PYTH/USDT trading pair added, expanding access to Asian markets.

Deep Dive

1. U.S. Commerce Department Data Deal (August 28, 2025)

Overview:
The U.S. Department of Commerce selected Pyth Network to securely verify and publish key economic data like GDP, inflation, and employment figures on several blockchains including Bitcoin, Ethereum, and Solana. This is the first time a federal agency is using decentralized oracles for official statistics.

Why it matters:
This deal is a big vote of confidence in Pyth’s technology, showing it can handle critical, high-stakes data. It opens doors for more government contracts and institutional use. It also positions Pyth as a strong competitor to Chainlink in regulated markets (Crypto Briefing).

2. Phase 2 Expansion Launch (September 4, 2025)

Overview:
Pyth announced the second phase of its growth plan, focusing on traditional finance by offering subscription-based access to high-quality market data like stocks and commodities, along with tools such as risk models.

Why it matters:
This move takes Pyth beyond decentralized finance (DeFi) into a much larger $50 billion+ market data industry. It could create steady revenue streams linked to the use of PYTH tokens. However, Pyth faces tough competition from established players like Bloomberg and Refinitiv (The Smart Ape).

3. bitcastle Exchange Listing (September 3, 2025)

Overview:
The bitcastle exchange added a PYTH/USDT trading pair, highlighting Pyth’s role as Solana’s top oracle with over 380 fast data feeds.

Why it matters:
This listing improves PYTH’s liquidity and introduces it to bitcastle’s Asian user base. While bitcastle isn’t a major global exchange, this move signals growing demand in the region, especially as Pyth expands its coverage of Hong Kong stock data (bitcastle).

Conclusion

Pyth Network is evolving from a decentralized finance oracle into a provider of institutional-grade data, supported by U.S. government adoption and strategic exchange listings. Although PYTH’s price has pulled back from its September high of $0.24, its shift toward traditional finance could change how the market values it. The key question is whether Phase 2’s growth will outpace token unlocks in 2026.

What is expected in the development of PYTH?

Pyth Network’s roadmap is focused on growing its use among institutions, expanding its data offerings, and increasing the usefulness of its token.

1. Institutional Subscription Launch (Q4 2025) – Introducing premium data feeds aimed at the $50 billion-plus market data industry.
2. Asian Equity Expansion (2025–2026) – Adding real-time data for Asian stock markets valued over $5 trillion.
3. Entropy V2 Upgrade (Q1 2026) – Improving on-chain randomness technology to better support decentralized finance (DeFi) and gaming applications.

Deep Dive

1. Institutional Subscription Launch (Q4 2025)

Overview
Pyth is creating a subscription service for institutional clients that offers advanced data feeds, such as risk assessments and market volatility metrics. This goes beyond the free data currently available for DeFi users and aims to capture a share of the $50 billion-plus institutional market data industry (Cipher2X).

What this means

• Positive: Subscription fees paid in PYTH tokens could create steady demand and encourage adoption by large financial institutions.
• Challenges: The project may face regulatory hurdles related to data licensing and competition from established players like Chainlink’s enterprise services.

2. Asian Equity Expansion (2025–2026)

Overview
Following the launch of Hong Kong stock data in mid-2025, Pyth plans to add real-time data for Japanese and South Korean stock markets, which together represent over $5 trillion in market value (Pyth Network).

What this means

• Positive: This expansion opens new opportunities for tokenized stocks and financial products in Asia, attracting DeFi projects focused on these markets.
• Challenges: Success depends on navigating complex and varied regulations across countries and ensuring fast, reliable data delivery.

3. Entropy V2 Upgrade (Q1 2026)

Overview
Pyth will upgrade its Entropy system, which generates random numbers on the blockchain, to support customizable gas fees and a decentralized network of keepers. This will improve scalability for applications like prediction markets and NFTs (Pyth Network).

What this means

• Positive: Enhances Pyth’s capabilities beyond price data, potentially creating new revenue streams.
• Challenges: Adoption depends on how easily this upgrade integrates with existing DeFi platforms.

Conclusion

Pyth Network is working to connect traditional finance (TradFi) and decentralized finance (DeFi) by offering institutional-grade data and expanding into Asian markets. While subscription services and new equity data could boost the PYTH token’s value, success will require adapting to regulations and competing effectively with rivals like Chainlink.

What to watch: Will Pyth’s early lead in real-time data help it dominate as more institutions adopt cryptocurrency?

What updates are there in the PYTH code base?

Pyth Network’s development team is actively improving their technology, focusing on making it easier to use across different blockchains and providing better tools for developers.

1. Solana SDK Anchor Upgrade (5 hours ago) – Improved security and compatibility with Solana blockchain programs.
2. Entropy V2 Integration (July 31, 2025) – Upgraded randomness engine used in decentralized finance (DeFi) and gaming applications.
3. CI/CD Pipeline Fixes (3 days ago) – Enhanced testing and deployment processes for smoother updates.

Deep Dive

1. Solana SDK Anchor Upgrade (5 hours ago)

Overview: The pyth-solana-receiver-sdk was updated to use the latest version of anchor-lang (v0.31.1), which is a key tool for building on the Solana blockchain.

This update improves how errors are handled and makes the software run more efficiently when using Pyth’s price data on Solana. It also supports new features in Solana programs, helping reduce security risks in smart contracts.

What this means: This is a positive development for PYTH because it strengthens its integration with Solana, making it a more reliable oracle (a service that provides real-world data to blockchain apps) for fast DeFi projects. (Source)

2. Entropy V2 Integration (July 31, 2025)

Overview: Pyth upgraded its on-chain randomness engine called Entropy to version 2, which offers developers more control and better performance.

The new version allows setting custom gas limits (which control transaction costs), provides clearer error messages, and speeds up the network that executes callbacks (actions triggered by random events). So far, over 10 million randomness requests have been handled for applications like prediction markets and NFT creations.

What this means: This update is neutral in the short term but promising for the future. Improved randomness capabilities can support more advanced DeFi and gaming apps, potentially increasing Pyth’s network usage over time. (Source)

3. CI/CD Pipeline Fixes (3 days ago)

Overview: Recent updates fixed issues in the automated testing and deployment workflows, including resolving problems caused by outdated Rust programming tools.

These fixes help ensure that new code is tested properly and that the software works well across different blockchains.

What this means: While this doesn’t directly affect PYTH’s market position, it improves the reliability and maintainability of the codebase, reducing the chance of bugs or downtime during future updates.

Conclusion

Pyth Network’s recent updates focus on making their technology more resilient across blockchains (with the Solana SDK upgrade), expanding its capabilities (with Entropy V2), and improving operational stability (with CI/CD fixes). While these changes alone may not move the market, they align with Pyth’s broader plan to grow its institutional presence. It will be interesting to see how PYTH’s focus on developer tools influences its competition with Chainlink, especially in traditional finance (TradFi) adoption.