Pyth Network Oracles Now Secure About $3.12 Billion in Assets, DefiLlama Data Shows

, earlier than being delivered to different networks.

Pyth additionally has a presence on different chains. On @SuiNetwork ($SUI), the oracle secures $383.08 million. On @NEARProtocol ($NEAR), the determine is $57.99 million, based mostly on the DefiLlama information cited within the unique figures. Pyth’s personal developer documentation, nevertheless,

states that Pyth Core not helps Aptos, CosmWasm, Gas, IOTA, $NEAR, Stacks, Starknet, or TON

, so readers ought to deal with the $NEAR quantity with some warning.

Pyth launched on Sui in 2023. On the time, the challenge mentioned

builders on Sui can entry Pyth’s 200+ value feeds for equities, commodities, overseas alternate pairs, and digital property

.

Methods to Learn the TVS Determine

DefiLlama defines TVS because the

whole worth secured by an oracle, the place oracle failure would result in a loss equal to TVS

. It’s not the identical as whole worth locked, and DefiLlama’s personal Pyth web page lists TVL at zero as a result of the oracle doesn’t maintain consumer funds.

The quantity additionally strikes. A dwell DefiLlama desk cited by Crypto in August

mapped Pyth to 316 protocols and about $2.7 billion in whole worth secured

, and the outlet famous that

the chosen view contains borrowed values and settings that may depend the identical publicity greater than as soon as

. The newest studying of round $3.1 billion due to this fact displays an increase from that degree, although the methodology means it’s best seen as a proxy quite than a exact measure of property in danger.

Pyth’s TVS has been larger previously. Messari reported that within the first quarter of 2024,

whole worth secured rose 322% to $7.2 billion

, although that determine included Ethena, which DefiLlama information didn’t cowl on the time.

Sources

DefiLlama: Pyth Oracle whole worth secured
Crypto: Pyth Community API migration and TVS context
Messari: State of Pyth Community Q1 2024