PYTH — Pyth Network Oracle Token
PYTH governs Pyth Network, the oracle that publishes low-latency price feeds used by a large share of Solana lending, perpetuals, and options protocols.
About Pyth Network
PYTH is the governance token of Pyth Network, a decentralized oracle that publishes low-latency, high-frequency price feeds to blockchains including Solana, Ethereum, and more than a dozen others. Pyth's distinguishing feature is that its price feeds originate from first-party sources — major exchanges, market makers, and trading firms — rather than being aggregated from public APIs. This gives Pyth feeds sub-second update frequencies and tight confidence intervals, which makes them suitable for Solana lending protocols (Kamino, Marginfi, Solend), perpetual exchanges (Drift, Zeta), and options venues that need accurate real-time prices to avoid liquidation errors. On Solana, Pyth is the dominant oracle for DeFi price data, and its feeds are consumed by the majority of Solana protocols that need to know the current price of an asset.
Supply, distribution, and tokenomics
PYTH has a total supply of 10 billion tokens. The distribution is structured around four pillars: 22% to publishers (the data providers who contribute price feeds), 52% to ecosystem growth (including airdrops, incentive programs, and grants), 12% to the Pyth DAO treasury, and 14% to early contributors and backers. Initial airdrops occurred in 2023 and 2024, with additional distributions tied to publisher and ecosystem participation. PYTH staking was introduced in 2024, allowing holders to stake PYTH to participate in Pyth DAO governance and to help select the parameters that determine which price feeds are published and how they are validated.
Use cases and ecosystem
PYTH has three uses. First, it is a governance token: stakers vote on proposals that determine which data publishers are admitted to the network, how feed parameters are set, and how the DAO treasury is spent. Second, PYTH serves as an incentive and staking asset for data publishers — publishers stake PYTH to participate in the network and receive rewards proportional to the quality of their contributions. Third, PYTH is used across Solana DeFi as a liquidity provider asset and, in some protocols, as collateral. For most Solana users, PYTH is a governance token whose value correlates with how much of the Solana DeFi ecosystem depends on Pyth price feeds.
How to buy PYTH on Solana
To buy PYTH on Solana, connect a Solana wallet to SwapKing, select SOL or USDC as the input token, select PYTH as the output, enter the amount, and click Swap. PYTH/SOL and PYTH/USDC are liquid pairs. PYTH is also available on centralized exchanges including Coinbase, Kraken, and Binance. The Solana mint address for PYTH is HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3 — verify this before swapping.
Risks and considerations
PYTH's value depends on Pyth's continued dominance in Solana DeFi price feeds. Several factors could erode that position: Chainlink and other oracles have expanded their Solana presence; protocols may develop their own price feeds or in-house oracle solutions; and any event that causes a Pyth feed to misreport a price could produce cascading liquidations in the protocols that depend on it, damaging trust in the oracle. PYTH is also subject to ongoing ecosystem distribution, which adds to circulating supply over time. SwapKing is non-custodial and does not manage any of these risks.
Where to go next
Swap PYTH on Solana directly on this page. For a deeper look at the PYTH market, review the SOL to PYTH and PYTH to SOL pair pages. For context on how Solana prices and routing are measured, see Methodology. If you are new to Solana, start with How to Swap Tokens on Solana.
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Frequently Asked Questions
What is PYTH?
PYTH is the governance token of Pyth Network, a decentralized oracle that publishes low-latency price feeds to Solana and other blockchains.
Why does Solana DeFi use Pyth?
Pyth price feeds originate from first-party sources like exchanges and market makers, which produces sub-second updates and tight confidence intervals. This is critical for lending, perpetuals, and options protocols that need accurate prices in real time.
What is the PYTH mint address on Solana?
The Solana SPL mint address for PYTH is HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3. Verify before swapping.
Can I stake PYTH?
Yes. PYTH staking was introduced in 2024. Stakers participate in Pyth DAO governance and help select feed parameters.
What is the PYTH supply?
PYTH has a total supply of 10 billion tokens. Distribution is weighted toward publishers and ecosystem growth, with the remainder split between the DAO treasury and early contributors.
Is PYTH safe?
PYTH is a governance token with no guaranteed value. Its price depends on how much of Solana DeFi continues to depend on Pyth price feeds.