Pyth Network (PYTH)

Tokenomics & Utility

Supply and original distribution

Pyth’s published token distribution sets out 10 billion PYTH tokens. At the November 2023 token launch, 15% of that supply was initially in circulation. The distribution plan placed the remaining tokens on an unlock schedule tied to the launch date. Its original allocations were: (docs.pyth.network)

• 52% for ecosystem growth, including contributors, education, and development;
• 22% for publisher rewards and programs that support data contributions;
• 10% for protocol development;
• 10% for private sales to strategic contributors; and
• 6% for community and launch activities. (docs.pyth.network)

Those percentages describe the original allocation plan, rather than how every token is held today. They show the roles the network aimed to support: building its technology, attracting data publishers, and bringing applications and community members into the ecosystem. (docs.pyth.network)

Voting, staking, and the reserve

Holders can stake PYTH for governance. Each staked token provides one vote on eligible proposals, which can address network operations and development. PYTH can also be assigned to Oracle Integrity Staking, a system in which stake linked to a publisher can be reduced, or slashed, for data-quality violations. Oracle Integrity Staking reward distributions stopped on April 22, 2026; its staking and slashing functions remained active. Governance staking is a separate program. (docs.pyth.network)

The Pyth DAO also established a PYTH Reserve. Under its approved arrangement, the DAO uses part of its treasury to purchase PYTH with revenue connected to network products. This ties some product income to the DAO’s token holdings. The arrangement is a governance decision and can itself be changed through governance. (pyth.network)