Projects listed: 276 |
BTC Dominance: 49.10% | Volume (24h): $32,638,163,225 | Market Cap: $2,452,616,265,296
Pyth Network
PYTH
$0.32
Sector
Blockchain Infrastructure
Exchange Debut
2023-11-20
Market Cap
1,160,750,914
Maxim Supply
10,000,000,000
Circulating Supply
3,624,988,942
Circ. Supply(%)
36.25%
Pyth Network
PYTH
Price
$0.32
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
42557382
0.337332459345
0.320065915216
Change 24h
Change 7d
Change 30d
-3.252
1.2855
-27.5719
Maxim supply
Circulating supply
Circulating supply(%)
10,000,000,000
3,624,988,942
36.25%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Pyth Network-PYTH cryptocurrency:
The Pyth Network-PYTH is a leading oracle network. It brings real-time data to dApps across over 40 blockchains. With 380+ price feeds, it’s backed by big names like Binance. It ensures data accuracy and easy access. Our fundamental analysis of the Pyth Network-PYTH cryptocurrency rates it at 8.20 out of 10, showing strong market presence and growth potential.
SOCIAL & MASS MEDIA: Score 9.25 out of 10
The Pyth Network’s presence in social and mass media is notably strong, scoring an impressive 9.25 out of 10. This high score is a testament to its capacity to attract a vast following on social media platforms and maintain high levels of engagement and activity. The administrators play a crucial role in fostering community interaction and ensuring vibrant activity across various platforms. Despite a slightly lower score in media presence, the network’s exceptional performance in attracting and engaging with large community groups on chat platforms highlights its influential social footprint.
AUDIT & SECURITY: Score 8.93 out of 10
In terms of audit and security, the Pyth Network has achieved an admirable score of 8.93 out of 10. This reflects robust audit results and a commitment to transparency, although there is room for improvement in making information more accessible to the public. The perfect score for liquidity on exchanges underscores the network’s financial stability and trust within the community.
TOKENOMICS: Score 5.65 out of 10
The tokenomics of the Pyth Network indicate a mixed picture with a score of 5.65 out of 10. The project’s inflationary nature and centralization aspects of its monetary mass raise concerns, suggesting areas for potential improvement. This aspect of the fundamental analysis of the Pyth Network-PYTH cryptocurrency indicates a need for strategic adjustments to enhance its economic model.
ECOSYSTEM DEVELOPMENT: Score 8.30 out of 10
Ecosystem development for the Pyth Network is strong, with a score of 8.30 out of 10. The network’s success in achieving its objectives and its plans for introducing new developments are promising indicators of its commitment to growth and innovation. This score reflects a solid foundation with potential for further expansion and enhancement.
TEAM & DEVELOPERS: Score 7.60 out of 10
The team behind the Pyth Network scores 7.60 out of 10, highlighting a mix of experienced professionals and a need for a larger pool of software developers. The expertise level is commendable, but expanding the development team could further accelerate progress and innovation within the network.
PRODUCT & UTILITY: Score 8.90 out of 10
Pyth Network’s product and utility score a remarkable 8.90 out of 10, demonstrating the high value and utility of both the product and tokens within the ecosystem. This high score is indicative of the network’s effective solution to real-world problems and the significant role of tokens in facilitating operations within the ecosystem.
PARTNERS & INVESTORS: Score 8.75 out of 10
The network’s strength in partnerships and investor support is evident, with a score of 8.75 out of 10. This highlights not only the quantity and capacity of investors but also the quality of partnerships, which contribute to the network’s robust ecosystem and market position.
Fundamental analysis of the Pyth Network-PYTH cryptocurrency – The final conclusion
The fundamental analysis of the Pyth Network-PYTH cryptocurrency presents a comprehensive overview of its strengths and areas for improvement. With an overall score of 8.20 out of 10, the network exhibits a strong foundation in social and media engagement, audit and security practices, ecosystem development, product utility, and partnerships. The exceptional collaboration with leading financial entities and the provision of critical market data across numerous blockchains set a solid ground for its ongoing and future success. However, the analysis also highlights critical areas for improvement, particularly in tokenomics, which could benefit from strategies to address inflation and centralization concerns. The team’s experience is a significant asset, though an expansion in the software development department could further propel innovation. Given these considerations, the Pyth Network represents a promising investment opportunity with manageable risks. Its pivotal role in the blockchain and financial
What is Pyth Network-PYTH?
Pyth Network-PYTH: A Snapshot
The Pyth Network shines as a top oracle network, quickly growing to serve financial dApps. It connects to over 40 blockchains. This network is key for real-time data on various assets. These include cryptocurrencies, stocks, ETFs, FX pairs, and commodities. Its data feeds are known for their speed and accuracy.
Collaboration and Data Integrity
Leading exchanges and financial giants power the Pyth Network. These include names like Binance and Jane Street. They share price data for smart contracts. This setup prevents errors and manipulation. The network’s unique “pull” feature lets users access up-to-date prices easily. Thus, it has quickly become essential for over 250 applications, safeguarding $100 billion in trades.
Importance in Crypto Analysis
The fundamental analysis of the Pyth Network-PYTH cryptocurrency benefits greatly from this network. It offers a clear view of market trends. Also, its broad adoption underscores its value. With Pyth, users get reliable data for better decision-making.
In summary, the Pyth Network is pivotal in the DeFi space. It enhances transparency and efficiency across the board. By simplifying access to real-time data, Pyth supports informed trading and analysis. This makes it a cornerstone for those looking to understand the digital asset market better.
- Latest analysis update: February 18, 2024
Pyth Network-PYTH performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
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