Watchlist Scored and tracked, but not rated for deep research yet โ€” no full analysis. A coin moves up when its verdict reaches Moderate (6.0+) without an unlock-risk flag.

Pyth Network (PYTH)

Oracle/Infra Rank #41 CAUTION
5.6 /10

Score breakdown

Unlock7/10
Tokenomics6/10
Insider7/10
Onchain5/10
Dev Activity1/10
Revenue5/10
Institutional8/10
Etf3/10
Market Structure7/10
Security7/10

Analysis

Pyth Network has continued expanding its price-feed footprint, now integrated across 60+ blockchains and used by 400+ protocols, with over 100M price updates delivered daily sourced from 110+ first-party data providers including major trading firms. The launch of fee-sharing to PYTH stakers in Q1 2026 marked an important step toward giving the token direct cash-flow-linked value rather than pure governance/utility status. Circulating supply remains constrained at roughly 38%, with unlocks continuing on a schedule extending through 2027, which represents an ongoing dilution risk investors need to weigh against growing protocol revenue. Pyth's pull-based oracle design continues to differentiate it from push-based competitors like Chainlink on cost and latency for certain use cases, though Chainlink's broader integration base remains a competitive risk.

Disclaimer: This analysis is for informational purposes only and is not investment advice. Crypto investments carry high risk. DYOR โ€” Do Your Own Research.