CRYPTO MARKET INTELLIGENCE / ASSET DOSSIER

Pyth Network.

pyth · coingecko:pyth-network

EVIDENCE · NOT A RECOMMENDATION
This dossier explains why the asset surfaced, what the stored evidence says, what changed, and which limitations remain. Deterministic signals are research questions, not investment conclusions.
Price$0.077688
Market cap$611.83M
Active signals1
Total / circulating1.27×
Longest active streak3
Snapshots compared5

Why it surfaced

peer valuation difference

The valuation multiple differs materially from the eligible peer median

Current streak: 3 snapshots · triggered 3/5 observed snapshots

What changed

peer valuation difference
continuing · streak 3 · 3/5 snapshots

Latest fundamental observations

MetricPeriodValueObserved
fees24h$22.662026-10-11T04:49:24.915Z
fees30d$979.582026-10-11T04:49:24.915Z
fees7d$499.722026-10-11T04:49:24.915Z
holders revenue24h$0.002026-10-11T04:49:36.133Z
holders revenue30d$0.002026-10-11T04:49:36.133Z
holders revenue7d$0.002026-10-11T04:49:36.133Z
revenue24h$11.972026-10-11T04:49:28.176Z
revenue30d$430.622026-10-11T04:49:28.176Z
revenue7d$169.962026-10-11T04:49:28.176Z
tvlpoint in time$0.002026-10-11T04:49:10.103Z

Historical changes

No calculated historical boundaries yet.

Market snapshot

Circulating supply
7.87B
Total supply
10B
Max supply
10B
Provider updated
2026-10-11T04:21:48.000Z

Evidence coverage

Verified/provider links
5
Stored fundamental observations
132
Calculated history rows
0
Signal comparison
prior snapshot

Evidence synthesis

Generate or open a cached AI research brief constrained to this dossier's stored evidence, calculations, and limitations.

Open AI research brief

Rule evaluations

revenue growth declining multiple · excluded · no signal

Insufficient actual 30-day revenue or market-cap history

Limits: No observation within 2 days of the 30-day boundary · No observation within 2 days of the 30-day boundary

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-11T04:49:10.103Z"
}

activity growth stagnant market cap · excluded · no signal

Insufficient actual 30-day activity or market-cap history

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-11T04:49:10.103Z"
}

improving tokenholder value capture · excluded · no signal

No observations

Limits: Requires holders revenue and fees at both boundaries

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-11T04:49:10.103Z"
}

peer valuation difference · included · signal

The valuation multiple differs materially from the eligible peer median

Limits: A difference is not evidence of mispricing; protocol economics may not be comparable

Inputs and calculation
{
  "inputs": {
    "currentCap": 611834403,
    "latestRevenue": 11.97,
    "peerMedian": 37.23582382797577
  },
  "calculation": {
    "annualizedRevenueMultiple": 140038.31565214405,
    "peerMultipleRatio": 3760.849130103881
  },
  "evaluatedAt": "2026-10-11T04:49:10.103Z"
}

fundamental deterioration · excluded · no signal

Insufficient actual 30-day fundamental history

Inputs and calculation
{
  "inputs": {},
  "calculation": null,
  "evaluatedAt": "2026-10-11T04:49:10.103Z"
}

high dilution · included · no signal

Eligible, but dilution threshold was not met

Limits: Supply fields are provider-reported and do not describe unlock timing

Inputs and calculation
{
  "inputs": {
    "circulatingSupply": 7874959160.126825,
    "totalSupply": 10000000000
  },
  "calculation": {
    "totalToCirculatingRatio": 1.2698478552921093
  },
  "evaluatedAt": "2026-10-11T04:49:10.103Z"
}

data quality investigation · included · no signal

No provider identity conflict detected

Inputs and calculation
{
  "inputs": {
    "identityConflict": false
  },
  "calculation": null,
  "evaluatedAt": "2026-10-11T04:49:10.103Z"
}

Provenance and raw evidence

Classification evidence
[
  {
    "assetId": "coingecko:pyth-network",
    "kind": "sector",
    "value": "other",
    "status": "classified",
    "reason": "Canonical mapping from DeFiLlama category Oracle",
    "sourceProvider": "defillama",
    "sourceRecord": "7484",
    "observedAt": "2026-10-11T04:49:10.103Z"
  },
  {
    "assetId": "coingecko:pyth-network",
    "kind": "asset_type",
    "value": "protocol_token",
    "status": "classified",
    "reason": "Canonical type mapping from DeFiLlama category Oracle",
    "sourceProvider": "defillama",
    "sourceRecord": "7484",
    "observedAt": "2026-10-11T04:49:10.103Z"
  }
]
Identity relationships
[
  {
    "assetId": "coingecko:pyth-network",
    "protocolId": "4022",
    "protocolSlug": "pyth-network",
    "method": "chain_contract",
    "evidence": "DeFiLlama address=solana:HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3; CoinGecko platforms.solana=HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3",
    "status": "verified_provider_relationship"
  },
  {
    "assetId": "coingecko:pyth-network",
    "protocolId": "6902",
    "protocolSlug": "pyth-entropy",
    "method": "chain_contract",
    "evidence": "DeFiLlama address=solana:HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3; CoinGecko platforms.solana=HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3",
    "status": "verified_provider_relationship"
  },
  {
    "assetId": "coingecko:pyth-network",
    "protocolId": "7482",
    "protocolSlug": "pyth-express-relay",
    "method": "chain_contract",
    "evidence": "DeFiLlama address=solana:HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3; CoinGecko platforms.solana=HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3",
    "status": "verified_provider_relationship"
  },
  {
    "assetId": "coingecko:pyth-network",
    "protocolId": "7483",
    "protocolSlug": "pyth-core",
    "method": "chain_contract",
    "evidence": "DeFiLlama address=solana:HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3; CoinGecko platforms.solana=HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3",
    "status": "verified_provider_relationship"
  },
  {
    "assetId": "coingecko:pyth-network",
    "protocolId": "7484",
    "protocolSlug": "pyth-pro",
    "method": "chain_contract",
    "evidence": "DeFiLlama address=solana:HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3; CoinGecko platforms.solana=HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3",
    "status": "verified_provider_relationship"
  }
]
Research statuses
[
  {
    "assetId": "coingecko:pyth-network",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "status": "analyzable",
    "method": "global",
    "reason": "At least one deterministic screening method is eligible"
  },
  {
    "assetId": "coingecko:pyth-network",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "status": "insufficient_historical_data",
    "method": "global",
    "reason": "One or more historical methods lack actual boundary observations"
  },
  {
    "assetId": "coingecko:pyth-network",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "status": "excluded_from_method",
    "method": "revenue_growth_declining_multiple",
    "reason": "Insufficient actual 30-day revenue or market-cap history"
  },
  {
    "assetId": "coingecko:pyth-network",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "status": "excluded_from_method",
    "method": "activity_growth_stagnant_market_cap",
    "reason": "Insufficient actual 30-day activity or market-cap history"
  },
  {
    "assetId": "coingecko:pyth-network",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "status": "excluded_from_method",
    "method": "improving_tokenholder_value_capture",
    "reason": "No observations"
  },
  {
    "assetId": "coingecko:pyth-network",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "status": "excluded_from_method",
    "method": "fundamental_deterioration",
    "reason": "Insufficient actual 30-day fundamental history"
  },
  {
    "assetId": "coingecko:pyth-network",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "status": "requires_manual_investigation",
    "method": "global",
    "reason": "At least one deterministic research signal triggered"
  }
]
Human review decisions
[]
Full fundamental evidence
[
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:6650",
    "protocolId": "4022",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-22T21:51:30.762Z",
    "value": 0,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:6662",
    "protocolId": "4022",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-24T00:45:17.400Z",
    "value": 0,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:6681",
    "protocolId": "4022",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-09-28T02:01:00.253Z",
    "value": 0,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:6738",
    "protocolId": "4022",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-10-06T16:53:29.731Z",
    "value": 0,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "5fde7da8-3c37-4879-8995-06f079ce2348:6769",
    "protocolId": "4022",
    "metric": "tvl_usd",
    "period": "point_in_time",
    "observedAt": "2026-10-11T04:49:10.103Z",
    "value": 0,
    "unit": "USD",
    "definition": "DeFiLlama protocol TVL at collection time",
    "sourceUrl": "https://api.llama.fi/protocols",
    "methodology": null
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:11113",
    "protocolId": "6902",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:32.324Z",
    "value": 1341.6100000000001,
    "unit": "USD",
    "definition": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
      "Revenue": "Protocol fees collected by Pyth DAO treasury per randomness request.",
      "SupplySideRevenue": "Provider fees paid to randomness providers for fulfilling requests (includes gas cost reimbursement)."
    }
  },
  {
    "id": "28ba3c2c-c546-48fa-b174-122aa3718807:17842",
    "protocolId": "6902",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-22T21:51:34.223Z",
    "value": 369.27000000000004,
    "unit": "USD",
    "definition": "Protocol fees collected by Pyth DAO treasury per randomness request.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "Fees": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
      "Revenue": "Protocol fees collected by Pyth DAO treasury per randomness request.",
      "SupplySideRevenue": "Provider fees paid to randomness providers for fulfilling requests (includes gas cost reimbursement)."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:11118",
    "protocolId": "6902",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:20.664Z",
    "value": 1261.88,
    "unit": "USD",
    "definition": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
      "Revenue": "Protocol fees collected by Pyth DAO treasury per randomness request.",
      "SupplySideRevenue": "Provider fees paid to randomness providers for fulfilling requests (includes gas cost reimbursement)."
    }
  },
  {
    "id": "643a86d5-0f73-414c-92e0-793343ff7d6c:17850",
    "protocolId": "6902",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-24T00:45:22.760Z",
    "value": 336.39000000000004,
    "unit": "USD",
    "definition": "Protocol fees collected by Pyth DAO treasury per randomness request.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "Fees": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
      "Revenue": "Protocol fees collected by Pyth DAO treasury per randomness request.",
      "SupplySideRevenue": "Provider fees paid to randomness providers for fulfilling requests (includes gas cost reimbursement)."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:11157",
    "protocolId": "6902",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 60.25,
    "unit": "USD",
    "definition": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
      "Revenue": "Protocol fees collected by Pyth DAO treasury per randomness request.",
      "SupplySideRevenue": "Provider fees paid to randomness providers for fulfilling requests (includes gas cost reimbursement)."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:11158",
    "protocolId": "6902",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 196.9,
    "unit": "USD",
    "definition": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
      "Revenue": "Protocol fees collected by Pyth DAO treasury per randomness request.",
      "SupplySideRevenue": "Provider fees paid to randomness providers for fulfilling requests (includes gas cost reimbursement)."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:11159",
    "protocolId": "6902",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-09-28T02:01:02.842Z",
    "value": 1389.9,
    "unit": "USD",
    "definition": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
      "Revenue": "Protocol fees collected by Pyth DAO treasury per randomness request.",
      "SupplySideRevenue": "Provider fees paid to randomness providers for fulfilling requests (includes gas cost reimbursement)."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:18004",
    "protocolId": "6902",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-09-28T02:01:05.968Z",
    "value": 40.71,
    "unit": "USD",
    "definition": "Protocol fees collected by Pyth DAO treasury per randomness request.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "Fees": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
      "Revenue": "Protocol fees collected by Pyth DAO treasury per randomness request.",
      "SupplySideRevenue": "Provider fees paid to randomness providers for fulfilling requests (includes gas cost reimbursement)."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:18005",
    "protocolId": "6902",
    "metric": "revenue_usd",
    "period": "7d",
    "observedAt": "2026-09-28T02:01:05.968Z",
    "value": 88.42,
    "unit": "USD",
    "definition": "Protocol fees collected by Pyth DAO treasury per randomness request.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "Fees": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
      "Revenue": "Protocol fees collected by Pyth DAO treasury per randomness request.",
      "SupplySideRevenue": "Provider fees paid to randomness providers for fulfilling requests (includes gas cost reimbursement)."
    }
  },
  {
    "id": "c9ebdfa7-8140-48de-9184-9cab30c2f5a7:18006",
    "protocolId": "6902",
    "metric": "revenue_usd",
    "period": "30d",
    "observedAt": "2026-09-28T02:01:05.968Z",
    "value": 404.97,
    "unit": "USD",
    "definition": "Protocol fees collected by Pyth DAO treasury per randomness request.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
      "Fees": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
      "Revenue": "Protocol fees collected by Pyth DAO treasury per randomness request.",
      "SupplySideRevenue": "Provider fees paid to randomness providers for fulfilling requests (includes gas cost reimbursement)."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:11252",
    "protocolId": "6902",
    "metric": "fees_usd",
    "period": "24h",
    "observedAt": "2026-10-06T16:53:35.959Z",
    "value": 129,
    "unit": "USD",
    "definition": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
      "Revenue": "Protocol fees collected by Pyth DAO treasury per randomness request.",
      "SupplySideRevenue": "Provider fees paid to randomness providers for fulfilling requests (includes gas cost reimbursement)."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:11253",
    "protocolId": "6902",
    "metric": "fees_usd",
    "period": "7d",
    "observedAt": "2026-10-06T16:53:35.959Z",
    "value": 398.63,
    "unit": "USD",
    "definition": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
      "Revenue": "Protocol fees collected by Pyth DAO treasury per randomness request.",
      "SupplySideRevenue": "Provider fees paid to randomness providers for fulfilling requests (includes gas cost reimbursement)."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:11254",
    "protocolId": "6902",
    "metric": "fees_usd",
    "period": "30d",
    "observedAt": "2026-10-06T16:53:35.959Z",
    "value": 1362.6599999999999,
    "unit": "USD",
    "definition": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyFees",
    "methodology": {
      "Fees": "Total fees paid per Entropy randomness request. Fee = Provider fee (dynamic, covers gas) + Protocol fee (set by Pyth DAO governance).",
      "Revenue": "Protocol fees collected by Pyth DAO treasury per randomness request.",
      "SupplySideRevenue": "Provider fees paid to randomness providers for fulfilling requests (includes gas cost reimbursement)."
    }
  },
  {
    "id": "a37eade5-b5bd-4300-8bbc-62904da0a3f6:18263",
    "protocolId": "6902",
    "metric": "revenue_usd",
    "period": "24h",
    "observedAt": "2026-10-06T16:53:37.853Z",
    "value": 41.57,
    "unit": "USD",
    "definition": "Protocol fees collected by Pyth DAO treasury per randomness request.",
    "sourceUrl": "https://api.llama.fi/overview/fees?excludeTotalDataChart=true&excludeTotalDataChartBreakdown=true&dataType=dailyRevenue",
    "methodology": {
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      "Revenue": "Protocol fees collected by Pyth DAO treasury per randomness request.",
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