Pyth Network
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
Summary
Pyth Network is a decentralized, first-party financial oracle that aggregates price data from exchanges, market makers, and trading firms and distributes it to smart contracts across dozens of blockchains. It is a prominent, well-capitalized project that has secured a notable partnership with the U.S. Department of Commerce to publish economic data on-chain, but its native PYTH token has drawn sustained community criticism over large scheduled token unlocks and inflationary supply, and the brand has been targeted by unaffiliated phishing sites.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(12 events)
2021
Pyth Network founded by Mike Cahill, Jayant Krishnamurthy, and Ciarán Cronin and launched on Solana as a first-party price oracle.
Pyth Network blogOctober 2022
Mango Markets, which used Pyth as its price oracle, suffered an approximately $100 million exploit after an attacker inflated the market price of MNGO tokens used as collateral.
ForkLog31 August 2023
Reports surfaced that Jump Crypto's crypto specialists were departing to launch a new blockchain-focused startup (later named Douro Labs) to work on Pyth Network.
Bloomberg Law1 September 2023
Eligibility snapshot taken for the first phase of the PYTH retrospective airdrop.
Pyth Network blog / The Block20 November 2023
PYTH token claims open and the token debuts publicly, trading near an implied $500 million valuation.
CoinDesk7 February 2024
Second phase of the PYTH retrospective airdrop launches, covering decentralized applications that used Pyth data.
Pyth Network blogMay 2024
A large scheduled PYTH token unlock is followed by a sharp intraday price drop before the token recovers.
InvezzMay 2025
A roughly 2.13 billion PYTH token unlock, reported as representing a majority of circulating market cap at the time, prompts price-decline warnings and community criticism over tokenomics.
FXStreet28 August 2025
The U.S. Department of Commerce announces it is working with Pyth Network and Chainlink to publish Bureau of Economic Analysis GDP data on-chain; PYTH price surges on the news.
Pyth Network blog / Cointelegraph24 December 2025
A community member reports a phishing site impersonating the Pyth forum/website on the official Pyth community forum.
Pyth community forumMay 2026
Community forum members request a six-month delay to a scheduled token unlock to allow for a comprehensive tokenomics review.
Pyth community forumDecision Log
- #1publishNot recorded (failed)10/8/2026, 4:04:59 AMhash 8ZRzsfi3DosFDtBt685546vovJp1XwGDdDTZ6ErMfA3p
model: claude-code-investigator
generated: 10/8/2026, 4:04:50 AM
last updated: 10/8/2026, 6:14:00 AM
avoid.net — verified advice for a post-truth world