Pyth Network Price (PYTH)

Pyth supplies price data that applications can use to value trades, loans and collateral. A price feed has an identifier for the asset pair. A contract should read the intended feed and check when its latest value was published.

A confidence interval gives context on how much uncertainty surrounds the price. During a volatile market an app can apply its own limits for how old or uncertain a value can be. The quoted price by itself cannot tell a contract whether it is still suitable for a trade.

PYTH is the network’s governance token. The PYTH chart above is about that token’s market price. An app using Pyth to value another asset reads the feed for that asset and applies the checks set out in its own rules.