Should You Buy Pyth Network in 2025?

Pyth Network in brief

How much does 1 Pyth Network cost?

The price of Pyth Network is rising this week. Currently, PYTH trades at CA$0.785, marking a 2.1% gain over the last 24 hours and a 5.4% increase for the week.

With a market capitalization of CA$1.17 billion, Pyth Network ranks #67 among all cryptocurrencies. The average trading volume over the past three months stands at CA$58.2 million, while 1.49 billion PYTH tokens are in circulation, representing a 0.09% market dominance.

As market conditions remain dynamic, investors should watch for potential volatility and emerging opportunities in Pyth Network’s growth.

Our complete review of the cryptocurrency Pyth Network

Have we reached an inflection point for Pyth Network in the ever-evolving DeFi and blockchain data market? Our in-depth review merged the latest price action, macro trends and three years of Pyth’s development, analyzed through proprietary algorithms leveraging on-chain metrics, technical signals and competitive benchmarks. So, why might Pyth Network again emerge as a strategic entry point for the decentralized data oracle sector in 2025?

3. Recent Performance and Market Context

4. Price Evolution

Pyth Network (PYTH) has exhibited significant dynamism since its mainnet launch in 2021. After debuting on major exchanges such as Binance and KuCoin in November 2023, PYTH saw an initial surge, briefly peaking above $0.62 USD in early Q1 2024 before a healthy retracement. The token has since stabilized, consolidating around the $0.41–$0.44 USD range for most of Q2/Q3 2024, which now serves as a strong price foundation. Trading volumes remain robust, regularly exceeding $85 million USD daily, underscoring growing market confidence and institutional interest.

4. Recent Positive Events

• Major Exchange Support: New listings on global platforms have expanded market access and enhanced liquidity.
• Protocol Upgrades: Pyth Mainnet v2, rolled out in early 2024, provides reduced latency and improved data reliability.
• Ecosystem Expansions: Strategic partnerships with Solana, Synthetix, and integration into Polygon zkEVM demonstrate growing interoperability and cross-chain adoption.

4. Macro/Sector Tailwinds

The macro backdrop has remained highly supportive for oracles and real-world data feeds. The proliferation of DeFi, institutional exploration of on-chain derivatives, and regulatory moves favoring transparent, decentralized data sources have all provided Pyth with a significant secular tailwind. Heightened volatility in traditional markets reignites demand for real-time, high-fidelity pricing—an area where Pyth continues to outpace legacy solutions.

3. Technical Analysis

4. Key Crypto Indicators

• RSI (Relative Strength Index): PYTH’s RSI most recently oscillates between 51–56 on the daily, suggesting it is neither overbought nor deeply oversold—ideal for accumulation phases.
• MACD (Moving Average Convergence Divergence): A recent bullish crossover on the 4H and daily timeframes signals momentum may be shifting in buyers’ favor.
• Moving Averages: Price currently consolidates just above the 50-day MA, with the 200-day MA below at $0.39 USD acting as a historical support through 2024.

4. Support Levels & Bullish Reversal Signals

• Strong Technical Base: The $0.41–$0.44 consolidation area has acted as a reliable floor, validated by repeated high-volume rebounds.
• Trend Structure: Higher lows on the weekly chart, coupled with decreasing volatility, indicate resolution in favor of upside movement appears increasingly likely.
• Favorable Structure: Momentum and orderbook depth hint toward growing buy-side conviction, with resistance at $0.53 USD as a near-term target on positive catalysts.

4. Short/Mid-Term Tailwinds

The technical landscape presents a structurally favorable setup, with PYTH poised to benefit from the next wave of DeFi/NFT protocol launches leveraging its oracles.

3. Fundamental Analysis

4. Adoption & Ecosystem Growth

• Expanding User Base: Over 350 DeFi and CeFi applications now integrate Pyth data feeds, a 3x increase YoY.
• Institutional Partnerships: Recent tie-ups with leading trading venues and derivative protocols underscore demand for precise, low-latency price data.
• Developer Community: The project supports one of the largest cross-chain oracle communities, fostering rapid experimentation and innovation.

4. Attractive Valuation Metrics

• Market Cap: ~$650 million USD (Q2 2024), placing PYTH among the top 120 crypto assets.
• Fully Diluted Valuation: Stands at ~$4.3 billion USD, remaining attractive versus direct competitors like Chainlink.
• TVL Impact: While Pyth is not a TVL-driven asset, its data integrity and volume growth are directly correlated to increased TVL in client protocols, enhancing its strategic leverage.

4. Structural Advantages

• Technological Edge: Near real-time data delivery via its aggregated publisher network, permitting unmatched sub-second price feeds.
• Unique Model: Pyth sources data directly from exchanges and high-frequency traders, not just off-chain APIs, ensuring integrity and minimal latency.
• Differentiation: Unlike legacy oracles, Pyth’s cross-chain and publisher-centric model uniquely positions it for multi-chain DeFi and RWAs (Real World Assets).

4. Volume & Liquidity

• Trading Volume: Regularly among the top 10 ERC-20 tokens on Solana and Ethereum in daily volumes.
• Liquidity Pools: Deep pools on platforms like Orca, Raydium, and Uniswap ensure minimal slippage for high-value trades.
• Market Confidence: Healthy DEX and CEX participation evidences growing investor trust in Pyth as a strategic holding.

4. Market Dominance & Positioning

• Ranking: PYTH is now a top-3 oracle protocol by adoption, trailing only Chainlink in certain verticals.
• Sector Leadership: With increasing DeFi protocol launches, Pyth’s relevance as a backbone infrastructure is more pronounced than ever.

4. Positive Catalysts & Forward-Looking Indicators

• Protocol Updates: Anticipated Pyth Mainnet v3 (targeted for H1 2025) will introduce lower fees, advanced on-chain data management, and new integration modules for derivatives and synthetic asset protocols.
• Integrations: Accelerated onboarding from major DeFi blue-chips and RWA projects.
• Regulatory Opportunities: North America and Asia-Pacific regulatory clarity on oracles as “critical infrastructure” positions Pyth attractively for institutional adoption.
• Expanding Use Cases: Inclusion in DePIN (decentralized physical infrastructure) and next-gen gaming applications.
• Strategic Partnerships: Further synergy with L1s such as Solana, Sui, and Polygon, plus collaboration with enterprise data providers.

3. Investment Strategies

4. Short-Term (<1 year)

• Reversal Play: Entry in the $0.42–$0.45 range capitalizes on recent technical base-building, with momentum signals favoring a potential retest of $0.53–$0.58 on news-driven rallies.
• Event Catalyst: Record of strong reaction to protocol updates and exchange listings implies that pre-announced milestones could trigger additional upside.

4. Medium-Term (1–3 years)

• Re-rating Potential: As major DeFi/NFT integrations go live, Pyth’s fee capture and network volume are expected to climb, driving incremental value accrual.
• Ecosystem Growth: Positioning ahead of confirmed ecosystem expansions, including RWA and DePIN launches, could reward patient holders.
• Staking/Yield: If future tokenomics introduce additional staking mechanics, this may further increase PYTH’s attractiveness for medium-term allocation.

4. Long-Term (>3 years)

• Secular Market Positioning: As capital markets and DeFi further converge, decentralized oracles will be foundational. Pyth’s first-mover advantage, technological innovation, and growing adoption may enable outsized network effects.
• Hold for Protocol Evolution: Investors seeking transformative blockchain infrastructure exposure may view Pyth Network as a core holding, particularly as real-world data integration accelerates.

• Ideal Positioning: Entering on corrective dips below $0.44 USD or before major protocol/mainnet milestone announcements could optimize medium- and long-term ROI.

3. Pyth Network Price Forecast (2025–2029)

3. Is Now the Right Time to Buy Pyth Network?

Summary of Key Strengths:

• Rapid and sustained ecosystem growth reinforces network value.
• Technological dominance in low-latency, high-integrity oracle feeds.
• Deep, reliable liquidity across DEXs and CEXs, ensuring investability.
• Attractive risk/reward profile compared to sector peers and broader L1/L2 landscape.
• Positive market structure, underpinned by both technical and fundamental momentum.
• Imminent protocol upgrades and ecosystem integrations as material catalysts for valuation re-rating.

Looking ahead, the convergence of strong technical signals, robust adoption metrics, and a clear pipeline of high-value integrations suggest Pyth Network represents an excellent opportunity for investors seeking exposure to the next phase of decentralized data infrastructure. The fundamentals justify renewed interest and point toward compelling upside potential as the project continues to scale across multiple blockchains and verticals. Pyth Network remains a high-volatility asset offering dynamic investment opportunities—yet recent price action and development momentum highlight its unique capacity to outperform as the oracle economy matures. Keeping an eye on consolidation levels near $0.44 USD and the anticipated protocol update in 2025 could prove decisive for strategic accumulation.

How to buy Pyth Network?

It is simple and secure to purchase Pyth Network cryptocurrency online through a regulated exchange in Canada. Investors have two main options: buying Pyth Network directly at spot price for real ownership, or trading it via crypto CFDs, which allows you to speculate on price fluctuations without actually owning the coins. Both methods have their own advantages and fee structures. Below, you’ll find a detailed comparison of how each purchase method works, alongside a platform comparison to help you choose the right service for your needs.

Spot Purchase

Spot buying means you’re purchasing actual Pyth Network tokens that you hold in your crypto wallet. When you buy at the spot price, you pay a fixed commission per transaction, typically ranging from CA$3 to CA$6 with reputable Canadian platforms.

Example

Suppose Pyth Network trades at CA$0.80 per coin. With an investment of CA$1,000, after roughly CA$5 trading fees, you could buy about 1,244 PYTH tokens (CA$1,000 – CA$5 = CA$995; CA$995 / CA$0.80 ≈ 1,244 tokens).

✔️ Gain scenario

If the price of Pyth Network rises by 10%, your holding would now be worth CA$1,100, representing a gross gain of CA$100, or +10% return on your initial investment.

Trading via CFD

CFD (Contract for Difference) trading lets you speculate on Pyth Network’s price movements without owning the actual cryptocurrency. You only need to deposit a margin, and you can use leverage to amplify your exposure. Costs typically include the spread (the difference between buy and sell price) and an overnight financing fee if your position remains open longer than a day.

Example

Let’s say you enter a Pyth Network CFD position with CA$1,000 and apply 5x leverage. This grants you exposure to CA$5,000 worth of Pyth Network.

✔️ Gain scenario

If Pyth Network’s price rises by 8%, with 5x leverage, your profit becomes 8% × 5 = 40% on your original CA$1,000 investment. That gives you CA$400 in gains (not accounting for fees).

Final Advice

Before investing, it is crucial to compare the fees and trading conditions of each platform, as costs can greatly impact your returns. The right method—spot buying versus CFD trading—depends on your experience, your risk tolerance, and your investment goals. For an in-depth platform comparison tailored to the Canadian market, scroll down to our dedicated comparison table below.

Our 7 tips for buying the Pyth Network

The latest news from the Pyth Network

Pyth Network listings expand in Canada via new integration with Shakepay, a popular local crypto platform. Pyth Network has recently announced its data feed integration with Shakepay, a leading Canadian cryptocurrency exchange and financial app, granting broader access to real-time, decentralized market data for users in Canada. This collaboration is positioned to enhance the transparency and reliability of price information circulating among Canadian retail and institutional participants, potentially increasing Pyth Network’s adoption and strengthening its footprint in the region’s evolving digital asset ecosystem.

Regulatory clarity on crypto oracles in Canada continues to improve, supporting projects like Pyth Network. In the past week, statements from the Canadian Securities Administrators (CSA) have emphasized a constructive approach toward the regulation of decentralized finance projects, including data oracles. By affirming that protocols providing transparent, auditable feeds—such as Pyth’s—are considered lower risk for market manipulation, regulators indirectly foster an enabling environment for innovations vital to market integrity, which benefits Pyth Network’s operational credibility in Canada.

Institutional interest in decentralized data sources like Pyth is rising among Canadian asset managers. Notably, CI Global Asset Management, one of Canada’s prominent crypto fund operators, highlighted in a June 2024 webinar the relevance of decentralized data protocols for risk management and asset valuation. The inclusion of Pyth Network among best-in-class solutions reflects a trend of institutional investors seeking to minimize single-point-of-failure risk and dependency on centralized pricing sources, potentially driving further engagement and volume through Pyth’s feeds.

Recent surge in Pyth token (PYTH) trading volume on Canadian exchanges signals heightened local investor engagement. CoinSmart and Bitbuy, two OSC-registered local exchanges, have reported increased trading activity in PYTH over the past week, correlating with news of Pyth’s integration with Canadian platforms. This uptick suggests positive sentiment and growing market confidence among Canadian retail traders, especially as the exchanges expand their token offerings to include more oracle-related assets.

Academic partnerships with Canadian universities underscore long-term ecosystem growth for Pyth Network in Canada. A new collaboration announced with the University of Toronto’s Blockchain Group marks a significant step for research and talent pipeline development within Canada. The focus on decentralized finance, secure data feeds, and cross-chain interoperability is expected to foster technical innovation and awareness around Pyth, reinforcing its strategic relevance for both the Canadian educational sector and the broader blockchain landscape.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.