In 2025, oracle networks have moved back into the spotlight as critical infrastructure for connecting blockchains with real-world data. Chainlink (LINK) fueled much of this momentum with the launch of the Chainlink Reserve in August, which pushed LINK’s price up 36% in one month.
Amid this momentum, Pyth Network (PYTH) captured headlines when the U.S. Department of Commerce announced it would publish official economic data on-chain, naming Pyth alongside Chainlink. This was the first time a U.S. federal agency committed to placing GDP and other verified statistics directly on blockchain networks. The news validated Pyth’s first-party data model and positioned it as a cornerstone of the decentralized data infrastructure driving Web3 forward.
What Is Pyth Network and How Does It Work?
Source: Pyth Network
Pyth Network is a specialized oracle protocol designed to bring high-quality, real-time financial market data onto blockchains. Unlike traditional oracles that often rely on third-party relayers, Pyth sources information directly from first-party publishers, such as leading exchanges, trading firms, and market makers. This model ensures that the data feeding decentralized applications (dApps) is both accurate and low latency, which is especially critical for use cases like decentralized finance (DeFi), derivatives, and high-frequency trading platforms.
Launched on Solana in 2021, Pyth has since expanded through its appchain Pythnet and cross-chain protocols like Wormhole. It now serves dozens of blockchains with over 1,300 live price feeds, covering crypto, equities, foreign exchange, ETFs, and commodities. Updates arrive as frequently as every 400 milliseconds, making Pyth one of the fastest-growing oracle solutions in the industry.
At its core, Pyth uses a pull-based design, where users request data only when needed. This reduces costs, improves efficiency, and makes it easier for developers to build across multiple chains. On top of this framework, Pyth offers four key products:
• Price Feeds: Real-time market data for assets across 40+ blockchains.
• Pyth Lazer: Ultra-low latency feeds designed for institutional trading.
• Express Relay: MEV protection that connects protocols directly with searchers for fairer execution.
• Entropy: Secure random number generation for NFTs, gaming, prediction markets, and lotteries.
Together, these products make Pyth more than just a price oracle. They position it as a full data infrastructure layer for Web3.
PYTH Token up 70% as Trump administration signals adoption
Oracles are once again in the spotlight in 2025, and Pyth has been one of the biggest beneficiaries. Three major forces explain the surge in attention:
1. U.S. government recognition pushes Pyth into the spotlight
Source: U.S. Department of Commerce
On August 28, 2025, the U.S. Department of Commerce announced it would publish official economic statistics on-chain through oracle providers, naming Pyth alongside Chainlink. This was the first time a U.S. federal agency committed to putting GDP and other verified figures directly on blockchain networks, marking a watershed moment for both oracles and the broader crypto industry.
PYTH Price Chart on BingX
The decision immediately turned market attention toward Pyth, sparking a nearly 100% surge in PYTH’s price within a single day. But the impact went far beyond price action. By choosing Pyth as one of its partners, the U.S. government effectively validated the network’s first-party data model, proving it can meet institutional and regulatory standards. This recognition placed Pyth on the global stage, transforming it from a fast-growing oracle solution into a cornerstone of decentralized data infrastructure. Analysts now see Pyth not only as a competitor to Chainlink but also as a critical piece of Web3’s bridge to traditional finance and government systems.
2. RWA growth creates urgent demand for oracles
The tokenization of real-world assets has become one of the strongest narratives of 2025. More than $26 billion in RWAs are already on-chain, and the market is expected to double before year-end. From tokenized treasuries to commodities and real estate, these assets cannot function without reliable, real-time pricing. Oracles have stepped in as the infrastructure that ensures every transaction is backed by accurate data, and networks like Pyth are now positioned at the center of this growing economy.
3. Institutions validate oracles as financial infrastructure
Traditional finance is no longer just experimenting with blockchain, it is beginning to rely on it. Banks, asset managers, and exchanges are piloting settlement systems and tokenized platforms that depend on tamper-proof data to operate securely. Chainlink’s work with ICE and Swift has proven that oracles are ready for global-scale use, and Pyth is now being recognized as part of this institutional-grade infrastructure. Its first-party publisher model offers the speed and trust needed for both high-frequency DeFi protocols and enterprise-level applications.
Together, these forces explain why oracles have reemerged as one of the defining stories of 2025 and why Pyth stands out as a project shaping the future of Web3.
What Is the PYTH Token?
The PYTH token is the native utility and governance token of the Pyth Network. It aligns incentives between data publishers, developers, and the community while ensuring that the oracle network remains decentralized and self-sustaining.
PYTH Token Utilties:
• Governance: Token holders can propose and vote on decisions such as fee structures, reward distribution, and which new data feeds should be added.
• Incentives: Data publishers are rewarded in PYTH for providing accurate and timely price updates, encouraging high-quality contributions.
• Ecosystem growth: The token supports funding for new integrations, partnerships, and applications that expand Pyth’s reach.
PYTH Tokenomics :
Source: Pyth Network Documentations
• Maximum supply: 10 billion PYTH tokens.
• Initial circulation: 1.5 billion tokens were unlocked at launch, with the remainder vesting over several years.
• Allocation: 22% reserved for publisher rewards, 52% for ecosystem growth, 10% for protocol development, 6% for community distribution, and 10% for private sales.
• Distribution model: Long-term vesting and staged unlocks are designed to keep the network sustainable while rewarding early contributors and supporters.
How to Trade Pyth (PYTH) Tokens on BingX
Whether you are building a long-term PYTH position, trading short-term volatility, or reacting to major news events, BingX provides flexible ways to trade the token. With BingX AI integrated directly into the trading interface, you can access real-time insights to support smarter trading decisions across both spot and futures markets.
1. Buy or Sell PYTH on the Spot Market
If you want to accumulate PYTH or take advantage of price pullbacks, the spot market is the most straightforward option.
Step 1: Go to the BingX spot market and search for PYTH/USDT.
Step 2: On the trading chart, click the AI icon to activate BingX AI.
Step 3: The tool will highlight support and resistance levels, detect potential breakout points, and suggest entry zones.
For example, if PYTH is trading at $0.45 but BingX AI identifies strong support near $0.42, you could set a limit order closer to that level instead of buying into a rally.
2. Trade PYTH with Leverage
For active traders, BingX Perpetual Futures allows you to go long or short on PYTH with leverage, letting you profit from both upward and downward price moves.
Step 1: Search for PYTH/USDT Perpetual in the BingX Futures section.
Step 2: Click the AI icon on the chart to access market intelligence.
Step 3: BingX AI will track momentum, volatility, and trend strength, helping you time your entries and exits.
You can also ask BingX AI to review your open position, suggesting adjustments to stop-loss or take-profit levels to manage risk more effectively.
Conclusion
Pyth Network has quickly grown from a price oracle into a broad data infrastructure provider for Web3. With products ranging from real-time price feeds to MEV protection and secure randomness, Pyth is addressing some of the most pressing challenges in blockchain development. Its unique pull-based architecture, first-party data sources, and recent recognition by the U.S. Department of Commerce has set it apart as one of the most promising oracle networks in 2025.
As DeFi expands, real-world assets continue to grow, and institutions look for reliable data bridges, Pyth is well-positioned to play a central role in shaping the future of decentralized applications.
