
头等仓First.VIP |We're hiring|Mar 18, 2025 10:01
@PythNetwork is a oracle project based on the Solana application chain, with a development team mostly from Jump Trading. Since its establishment in 2021, the technology and product have undergone multiple iterations, and it is currently estimated that its subsequent development funds are relatively sufficient.
At present, the Pyth oracle we see is mainly a call based oracle based on Pythnet and related supporting services developed around the oracle. From the perspective of project development, since the launch of the Pythnet mainnet in November 2023, the business data of the Pyth oracle has significantly improved and has become one of the leading players in the field of blockchain finance, demonstrating strong competitiveness.
As the application token and governance token of Pyth Network, PYTH's main functions revolve around honest staking of OIS oracle machines, project governance, and ecosystem development. Data publishers and PYTH token holders ensure the accuracy of oracle price data by participating in staking
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