Why did the price of PYTH go up?

Pyth Network (PYTH) increased by 1.77% in the last 24 hours, breaking away from a 30-day downward trend of -34.17% and a nearly flat 7-day performance of -0.14%. This recent rise is linked to positive developments in its ecosystem and encouraging technical signals.

1. Kalshi Partnership (Positive Outlook) – Pyth teamed up with Kalshi to integrate real-time prediction market data on the blockchain.
2. Technical Recovery (Mixed Signals) – The price bounced back from oversold levels, though some technical indicators remain weak.
3. Growing Institutional Interest (Positive Outlook) – The U.S. government’s earlier choice of Pyth for on-chain economic data continues to support confidence in the project.

Deep Dive

1. Kalshi Partnership (Positive Outlook)

Overview: On October 14, Pyth Network announced a partnership with Kalshi, a prediction market platform regulated by the Commodity Futures Trading Commission (CFTC). This collaboration allows Kalshi’s real-time market data to be streamed directly on the blockchain, marking a first for large-scale integration of regulated event data.

What this means: This partnership broadens Pyth’s applications beyond decentralized finance (DeFi) into prediction markets. It could increase demand for PYTH tokens, which are used for governance and payments within the network. Additionally, this move enhances Pyth’s reputation as a reliable data provider across different industries.

What to watch: Keep an eye on how many platforms adopt Kalshi’s data through Pyth and any further announcements about integrations.

2. Technical Recovery (Mixed Signals)

Overview: The Relative Strength Index (RSI) for PYTH, a measure of whether an asset is overbought or oversold, moved up to 36.94, indicating it has moved out of oversold territory. The price is currently $0.112, just above a key support level at $0.1107. However, the Moving Average Convergence Divergence (MACD), which shows momentum, remains negative at -0.00337. Also, the 30-day Simple Moving Average (SMA) at $0.1437 acts as a resistance level.

What this means: There is some short-term buying interest, but the overall trend is still cautious. For a stronger recovery, the price needs to break above $0.115, which is an important technical level. Trading volume has dropped by 40.41% in the last day, suggesting that fewer traders are actively participating.

3. Growing Institutional Interest (Positive Outlook)

Overview: A deal made in August 2025 between the U.S. Commerce Department and Pyth to publish GDP data on-chain has recently gained attention again. This highlights Pyth’s role in connecting traditional finance (TradFi) with decentralized finance (DeFi).

What this means: This long-term institutional support helps justify Pyth’s market value of $644 million. However, the price has dropped 67.57% over the past year, reflecting doubts about how much revenue this partnership will generate in the near future.

Conclusion

PYTH’s recent price increase reflects a combination of strategic partnerships, technical factors, and ongoing institutional interest. However, low trading volume and broader challenges in the crypto market (which saw a 0.64% drop in total market capitalization) limit optimism. Key points to watch: Can PYTH maintain support at $0.11, and will the Kalshi partnership lead to increased on-chain activity?

What could affect the price of PYTH?

Pyth Network is navigating a cautious market by balancing growing interest from big institutions with the risks of increasing token supply.

1. Institutional Data Partnerships – The U.S. government is using Pyth for economic data, which has both positive and negative implications.
2. Token Unlock Schedule – Over half of the tokens will become available in May 2025, with more unlocking through 2027.
3. Phase Two Expansion – Pyth plans to tap into a $50 billion+ market by offering subscriptions and risk models to institutions.

Deep Dive

1. Institutional Data Partnerships (Mixed Impact)

Overview:
Pyth Network is the first oracle to put U.S. GDP and other economic data directly on the blockchain, thanks to a partnership with the Department of Commerce (NullTX). It also works with regulated platforms like Kalshi (prediction markets) and Blue Ocean (tokenized stocks).

What this means:
On the positive side, this partnership shows that Pyth’s technology is trusted, which could increase demand for PYTH tokens as institutions pay for data access. On the downside, regulators might increase scrutiny if there are concerns about data accuracy, and competition with other data providers like Chainlink could intensify.

2. Token Unlock Dynamics (Bearish Impact)

Overview:
A large portion of PYTH tokens—58% of the total supply—will become available in May 2025 (about 2.13 billion tokens, valued around $313 million at that time). This upcoming unlock has already contributed to a 34% drop in price over the past month. More tokens will unlock in May 2026 and 2027 (CoinMarketCap).

What this means:
When many tokens become available, it can lead to selling pressure, which may push prices down unless demand from institutions grows enough to absorb the new supply. The recent 24% price drop over 90 days fits the pattern seen after token unlocks.

3. Phase Two Growth Strategy (Bullish Impact)

Overview:
Pyth aims to capture about 1% of the $50 billion institutional market data industry by expanding its offerings to include risk models, settlement systems, and premium data feeds. Its unique approach, using first-party data and a pull-oracle design, sets it apart (The Smart Ape).

What this means:
If successful, Pyth could generate steady revenue tied to the use of PYTH tokens for governance and fees, potentially reaching $500 million annually. However, competing with established data providers will be challenging.

Conclusion

The future price of PYTH depends on how well Pyth Network can grow institutional adoption while managing the impact of increasing token supply. The partnership with the U.S. government and the Phase Two expansion offer promising growth opportunities, but token unlocks and overall weakness in the crypto market (down 11.79% in total market cap over the last 30 days) limit momentum. Keep an eye on PYTH’s circulating supply-to-demand ratio after unlocks and adoption indicators like Total Value Secured (currently $25.2 billion). The key question is whether Pyth can turn its unique data advantage into lasting demand for its tokens.

What are people saying about PYTH?

Here’s a quick summary of the latest buzz around Pyth Network (PYTH):

1. U.S. government deal sparks big rally – On-chain GDP data helped push prices up over 70%
2. Institutions see a $50 billion opportunity – Phase 2 aims to attract traditional finance subscribers
3. Token unlock worries remain – A big $313 million token release in May still impacts the charts
4. Next-gen oracles? – Partnership with Kalshi brings prediction markets onto the blockchain

Deep Dive

1. @the_smart_ape: Institutional Growth Point — Bullish

"Capturing just 1% of the $50 billion market data industry means $500 million in yearly revenue. PYTH’s fully diluted valuation ($1.1 billion) compared to LINK’s ($23 billion) suggests there’s 20x growth potential."
– @the_smart_ape (89K followers · 2.1M impressions · Sept 5, 2025)
View original post
What this means: This is positive for PYTH. If Phase 2 successfully expands into institutional data markets, the token’s value could rise significantly as adoption grows.

2. @GACryptoO: Post-Unlock Sell-Off Concerns — Bearish

"Hope PYTH can get back to its all-time high of $1.15 💸" (posted during August token unlock sell-off)
– @GACryptoO (32K followers · 480K impressions · Aug 29, 2025)
View original post
What this means: Negative sentiment remains from the large $313 million token unlock in May, which caused a 21% weekly price drop. However, current unlocks are smaller and less impactful.

3. @AggrNews: Prediction Markets Partnership — Mixed

"PYTH NETWORK TEAMS UP WITH KALSHI FOR REAL-TIME PREDICTION MARKET DATA"
– @AggrNews (220K followers · 1.7M impressions · Oct 13, 2025)
View original post
What this means: This is cautiously optimistic. While adding new use cases is good, prediction markets face regulatory challenges that could limit growth.

4. @Cipher2X: Data Monetization Upgrade — Bullish

"PYTH isn’t just an oracle – it’s rebuilding the $50 billion market data industry with decentralized subscription models"
– @Cipher2X (61K followers · 890K impressions · Sept 4, 2025)
View original post
What this means: Long-term positive outlook. PYTH’s approach to first-party data could disrupt traditional services like Bloomberg or Refinitiv if more companies start using it.

Conclusion

Overall, the outlook on PYTH is cautiously optimistic. Institutional interest is strong, but risks from token unlock schedules remain. The partnership with the U.S. Commerce Department adds credibility, yet the token price is still 67% below its all-time high from 2024. Keep an eye on the 30-day active addresses—if this number stays above 150,000, it could indicate growing real-world use beyond just trading speculation.

What is the latest news about PYTH?

Pyth Network is gaining traction with big institutions while facing some technical challenges. Here are the key updates:

1. Kalshi Partnership (October 13, 2025) – Now provides regulated prediction market data across more than 100 blockchains.
2. Blue Ocean Integration (October 10, 2025) – Supports around-the-clock trading of tokenized U.S. stocks with real-time price updates.
3. Technical Breakout Potential (September 26, 2025) – PYTH is aiming to break through a resistance level at $0.24 after regaining important support.

In-Depth Look

1. Kalshi Partnership (October 13, 2025)

What happened: Pyth teamed up with Kalshi, a prediction market platform regulated by the Commodity Futures Trading Commission (CFTC), to deliver real-time event data—like election results and economic trends—directly on blockchain networks. This is the first major step in bringing regulated prediction data into decentralized finance (DeFi) systems.
Why it matters: This is a positive move for PYTH because it broadens its use beyond just DeFi, tapping into regulated markets that could attract large institutional investors. It also strengthens Pyth’s role as a leading provider of reliable data across different industries.
(Source: Bitget)

2. Blue Ocean Integration (October 10, 2025)

What happened: Blue Ocean Technologies, a U.S.-regulated platform for trading stocks, joined Pyth as a data provider. This allows Blue Ocean’s tokenized stocks to be traded 24/7 with price updates happening in milliseconds.
Why it matters: This is a neutral to positive development. It fits well with Pyth’s goal of growing its presence among institutional users. However, the immediate impact on PYTH’s price depends on how quickly Blue Ocean’s tokenized stock platform gains traction, as it is still being developed.
(Source: Finance Magnates)

3. Technical Breakout Potential (September 26, 2025)

What happened: PYTH’s price moved above a downward trendline at $0.14. Analysts suggest it could rally by 50% to reach $0.24 if the momentum continues. The token faces resistance near its 50-day exponential moving average (EMA) at $0.16 but shows signs of increasing on-chain trading volume.
Why it matters: This is cautiously optimistic. The price movement depends on the overall market recovering, especially since Bitcoin still dominates the market with nearly 59% share, and altcoins are currently out of favor. If PYTH falls below $0.11, this positive pattern could be invalidated.
(Source: Bitcoinist)

Conclusion

Pyth Network’s recent partnerships highlight its shift toward providing high-quality, institutional-grade data. While technical signals suggest potential price volatility, the growing trend of turning real-world assets into digital tokens could help PYTH become a key player in the future of blockchain-based financial systems.

What is expected in the development of PYTH?

Pyth Network’s roadmap is focused on growing its user base in traditional finance, expanding the types of data it offers, and strengthening its overall ecosystem.

1. Institutional Subscription Launch (Q4 2025) – Introducing paid access to premium market data feeds aimed at traditional finance firms.
2. US Economic Data Expansion (2025–2026) – Adding key economic indicators like employment, inflation, and trade data to its on-chain GDP feeds.
3. Kalshi Prediction Markets Integration (October 2025) – Providing real-time event data for decentralized finance (DeFi) derivatives.
4. Token Unlock (May 2026) – Releasing 1.5 billion PYTH tokens to support ecosystem growth and reward contributors.
5. Asset Coverage Growth (2025) – Increasing tracked assets from over 1,800 to more than 10,000.

Deep Dive

1. Institutional Subscription Launch (Q4 2025)

Overview: Pyth Network plans to offer a subscription service providing high-quality, real-time market data to traditional finance companies. This data includes stocks, commodities, and foreign exchange prices updated in less than a second. The data comes directly from trusted partners like Jane Street and Cboe (Cipher2X).
What this means: This move opens up a market worth over $50 billion in data revenue, which is positive for PYTH’s growth. However, adoption by traditional finance firms might be slower than expected, which is a potential risk.

2. US Economic Data Expansion (2025–2026)

Overview: After integrating on-chain U.S. GDP data in August 2025 with the U.S. Commerce Department, Pyth will add more economic indicators such as employment figures, inflation rates (CPI), and trade balances (NullTX).
What this means: This expansion improves Pyth’s credibility and usefulness, especially as a government data source. The impact depends on how many developers use this data in their applications. It could boost PYTH’s long-term value.

3. Kalshi Prediction Markets Integration (October 2025)

Overview: Pyth is partnering with Kalshi, a prediction market regulated by the Commodity Futures Trading Commission (CFTC), to provide real-time data on political and economic events like election odds and Federal Reserve rate forecasts to DeFi platforms (CryptoBriefing).
What this means: This is a positive development for innovation in DeFi, though it serves a specialized market. Success depends on whether derivatives platforms use this data to create new financial products.

4. Token Unlock (May 2026)

Overview: In May 2026, 1.5 billion PYTH tokens (about 15% of the total supply) will be unlocked to support ecosystem growth and reward data publishers. Historically, such unlocks can cause short-term price pressure (CoinMarketCap).
What this means: This could lead to a temporary price drop if demand doesn’t keep up with the increased supply. However, if institutional subscriptions generate strong buying interest, this risk may be reduced.

5. Asset Coverage Growth (2025)

Overview: Pyth aims to expand the number of assets it tracks from around 1,800 to over 10,000 by the end of 2025. This includes more Asian stocks and tokenized real-world assets (Bitget).
What this means: More assets mean more opportunities for both decentralized and traditional finance users, which is a positive sign for network growth.

Conclusion

Pyth Network is evolving from a decentralized finance oracle into a comprehensive data platform that serves multiple markets. By combining partnerships with institutions, regulatory support, and ecosystem expansion, Pyth aims to increase its value. While the upcoming token unlock could cause some short-term volatility, deals with the U.S. government and the new subscription model have the potential to significantly boost PYTH’s long-term prospects.

Watch: Will Pyth successfully turn its technical advantages into steady revenue before competitors like Chainlink gain more traction with institutional clients?

What updates are there in the PYTH code base?

Pyth Network (PYTH) is actively improving its technology, focusing on expanding across different blockchains and upgrading its core features.

1. Entropy V2 Integration (July 31, 2025) – Improved randomness engine on the blockchain, making it easier for developers to use.
2. Lazer Sui SDK Launch (10 Hours Ago) – New toolkit to help developers connect Pyth’s price data with the Sui blockchain.
3. Anchor Framework Upgrade (5 Hours Ago) – Updates to support Solana smart contracts, enhancing security and performance.

Deep Dive

1. Entropy V2 Integration (July 31, 2025)

What happened: Pyth upgraded its system that generates random numbers on the blockchain. This upgrade allows developers to request randomness with a simple function call and get results faster through a new network of “keepers.” It also supports custom gas limits and better error messages, making it easier to use.

Why it matters: Randomness is important for applications like games and NFT drops. This upgrade makes Pyth’s platform stronger and more attractive for projects that need reliable random data, which is good news for PYTH. (Source)

2. Lazer Sui SDK Launch (10 Hours Ago)

What happened: Pyth released a new software development kit (SDK) specifically for the Sui blockchain. This tool helps developers easily access Pyth’s real-time price data when building apps on Sui.

Why it matters: While this doesn’t immediately impact PYTH’s value, it opens up new opportunities by supporting the growing Sui blockchain ecosystem.

3. Anchor Framework Upgrade (5 Hours Ago)

What happened: Pyth updated its Solana smart contract tools to the latest version (anchor-lang v0.31.1). This update improves security and functionality.

Why it matters: Solana is a key blockchain for Pyth’s services. Keeping the tools up-to-date helps ensure the platform remains reliable and secure, which is positive for PYTH’s long-term prospects.

Conclusion

Pyth Network is making important improvements by enhancing its existing features like Entropy V2 and expanding to new blockchains with the Sui SDK. The Anchor framework update shows ongoing care to keep the platform secure and efficient.

The big question remains: How will Pyth manage fast growth across multiple blockchains while maintaining the high-quality, low-latency data it’s known for?