Assay

Ledger / $PYTH

Pyth Network

$PYTHHZ1J…BCt3

Established oracle network: core feeds, Pro, Entropy and code check out; staking and Terminal unseen.

71614 karat

Some of it works.

Pyth claims to be a multi-chain price oracle with a paid Pro tier, Entropy randomness, staking and developer tools. DefiLlama tracks its oracle products and Entropy fees, and long-lived original GitHub repos back the code. The staking app, Terminal and MCP server were not shown working. Mint and freeze authority are revoked and holdings are spread out (largest wallet 6.9%), but the Solana DEX pool holds only $74k of liquidity against a $466M market cap.

The coin's streak on the touchstone, against needles of known fineness.716 parts in 999

7 claims tested

  1. A decentralised oracle network that delivers real-time market price feeds to smart contracts and dApps across multiple blockchains

    Core claim: Pyth Network is a decentralised oracle network designed to provide real-time financial market data to decentralised applications (dApps) across multiple blockchains.

    DefiLlama tracks Pyth Network and Pyth Core as live oracle products. The docs show a live feed-update ticker, and a multi-chain contracts monorepo has 7,349 commits going back to 2021.

    DefiLlamadocs.pyth.network/pyth-network/pyth-crosschainpyth-network/pyth-client
    Verified

  2. A staking and delegation app where holders stake PYTH for OIS and governance, with OIS rewards distributed

    Feature: Pyth Network Staking & Delegation ... OIS Total Staked ... OIS Rewards Distributed ... Governance Total Staked

    The staking page showed only empty labels for OIS and governance totals, plus a VPN-block message. No staked amounts or working staking tool could be seen.

    staking.pyth.network/
    Unproven

  3. Pyth Pro, a paid subscription service with low-latency market data for institutions and developers

    Feature: Pyth Pro is a high-performance, low-latency service that provides real-time financial market data.

    DefiLlama tracks Pyth Pro as a product. The docs describe it as subscription-based with API keys and pricing, and give a working SDK example that streams prices.

    DefiLlamadocs.pyth.network/docs.pyth.network/price-feeds/pro/getting-startedpyth-network/pyth-examples
    Verified

  4. Open-source oracle program code and client software published in public GitHub repositories

    Feature: The Pyth oracle program lives in the `program/` directory.

    pyth-client is an original repo created 2.5 years before the coin, with 452 commits and the oracle program in program/. pyth-crosschain adds 7,349 commits from 136 contributors.

    pyth-network/pyth-clientpyth-network/pyth-crosschainCoinGecko
    Verified

  5. Entropy, a verifiable random number generator for EVM smart contracts that is paid for in the native token

    Detail: Secure, Verifiable Random Number Generator for EVM-based smart contracts. ... Pay in native token

    DefiLlama records $2.8k in fees paid to Pyth Entropy over 30 days, so the randomness service is live and used. The crosschain repo includes Fortuna, the service for Entropy providers.

    DefiLlamapyth-network/pyth-crosschaindocs.pyth.network/
    Verified

  6. Pyth Terminal, a self-serve app to explore price feeds, compare plans and manage API keys

    Detail: It gives teams a self-serve way to explore price feeds, compare plans, manage API keys, and access real-time market data across asset classes.

    Pyth Terminal is only described in text on the about page. No working Terminal app was shown in the evidence.

    www.pyth.network/about
    Unproven

  7. An MCP server that connects AI assistants like Claude and Cursor to Pyth price feeds

    Detail: MCP Server - Connect your AI assistant to Pyth price feeds, historical data, and candlestick charts

    The MCP server appears only as a docs menu line. No repo, package or demo for it was in the evidence.

    docs.pyth.network/price-feeds/pro/getting-started
    Unproven

What would raise the grade

  • Show the staking app with live OIS and governance totals that can be viewed without a VPN block
  • Link a public Pyth Terminal page showing feed search and plan comparison
  • Publish the MCP server repo or package

Evidence read

Everything the marks rest on, as Assay found it on 21 Oct 2026, 17:15 UTC.

  • pump.fun's recordpump.fun

    Not launched on a launchpad (created 17 Aug 2023); pump.fun lists it with creator HVx4…XTX8. Market cap $466M, highest $642M. Description: “Pyth Network is a decentralised oracle network designed to provide real-time financial market data to decentralised applications (dApps) across multiple blockchains. It allows developer to secure smart contracts with reliable, low-latency market data from institutional sources, and build apps with high-fidelity oracle feeds designed for mission-critical systems.” Links given: website, X, Telegram.

    pump.fun/coin/HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3

  • DexScreenerDexScreener

    Trades in 1 pool (orca), $74k of liquidity, $380k traded in 24 hours. First pool opened 20 Nov 2023. Listed links: https://pyth.network, https://twitter.com/PythNetwork, https://telegram.me/Pyth_Network, https://discord.com/invite/PythNetwork.

    dexscreener.com/solana/HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3

  • The mint on SolanaSolana

    Token program: SPL Token. Mint authority: revoked (no more can ever be minted). Freeze authority: revoked. Supply 9,999,958,896.

    solscan.io/token/HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3

  • Largest holdersSolana

    305,724 holders. Largest single wallet holds 6.9% of supply; the ten largest wallets hold 19.5%. Pools, curves and other program accounts among the top 20 hold 0.00%. The coin's creator holds 0.00%.

    solscan.io/token/HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3#holders

  • CoinGeckoTracker

    Listed as “pyth-network”. Categories: Infrastructure, Decentralized Finance (DeFi), Oracle, Analytics, Solana Ecosystem, Neon Ecosystem, Manta Network Ecosystem, Multicoin Capital Portfolio. Homepage: https://pyth.network/. Code: https://github.com/pyth-network/.

    www.coingecko.com/en/coins/pyth-network

  • DefiLlamaTracker

    DefiLlama tracks 5 products for this token and $2.8k in fees paid over 30 days: Pyth Network (Oracle); Pyth Entropy (Oracle, $2.8k fees in 30 days); Pyth Express Relay (MEV); Pyth Core (Oracle); Pyth Pro (Oracle).

    defillama.com/protocol/pyth-network

  • Website: www.pyth.networkWebsite

    Title: “The Price Layer for Global Finance | Pyth Network”. Description: “The financial system is fragmented. Pyth is uniting markets—giving every builder, trader, and innovator access to the price of everything, in real time.” 1,370 words of text (cut for length). App words on the page: stake, api key, search. Built with Framer.

    www.pyth.network/

  • Page: docs.pyth.network/Website

    Title: “Pyth Developer Hub”. Description: “Learn more about Pyth and how to integrate into your application.” 238 words of text. App words on the page: api key, search. Built with Next.js.

    docs.pyth.network/

  • Page: staking.pyth.network/Website

    Title: “Pyth Network Staking & Delegation”. Description: “Stake PYTH tokens to participate in governance or earn yield and protect DeFi by staking to publishers.” 68 words of text. App words on the page: stake. Built with Next.js.

    staking.pyth.network/

  • Page: www.pyth.network/aboutWebsite

    Title: “The Price Layer for Global Finance | Pyth Network”. Description: “The financial system is fragmented. Pyth is uniting markets—giving every builder, trader, and innovator access to the price of everything, in real time.” 1,390 words of text (cut for length). App words on the page: stake, api key, search. Built with Framer.

    www.pyth.network/about

  • Page: docs.pyth.network/price-feeds/pro/getting-startedWebsite

    Title: “Getting Started | Pyth Developer Hub”. Description: “Learn how to access, configure, and use Pyth Pro price feeds”. 934 words of text. App words on the page: api key, generate, search. Built with Next.js.

    docs.pyth.network/price-feeds/pro/getting-started

  • X: @PythNetworkX

    Pyth Network 🔮. Bio: “The price layer of the global financial market.” 283,318 followers, 18,913 posts, joined 29 Mar 2021 (2.4 years before the coin). Link: https://pyth.network/.

    x.com/PythNetwork

  • GitHub: pyth-network/pyth-crosschainGitHub

    Created 8 Nov 2021 (21 months before the coin), last push 20 Oct 2026. Not a fork. 7,349 commits 136 contributors. Mostly TypeScript. 497,755 KB.

    github.com/pyth-network/pyth-crosschain

  • GitHub: pyth-network/pyth-clientGitHub

    Created 23 Feb 2021 (2.5 years before the coin), last push 12 Sept 2025. Not a fork. 452 commits 38 contributors. Mostly C++. 3,539 KB.

    github.com/pyth-network/pyth-client

  • GitHub: pyth-network/pyth-examplesGitHub

    Created 14 May 2021 (2.3 years before the coin), last push 20 Oct 2026. Not a fork. 118 commits 23 contributors. Mostly TypeScript. 5,933 KB.

    github.com/pyth-network/pyth-examples