Pyth Network collects price data from a diverse set of high-quality data providers, including exchanges, market makers, and brokers. The data is then aggregated and published to the network in a tamper-proof manner. Smart contracts can then access this data to execute trades, calculate collateralization ratios, and other price-sensitive operations.

Pyth Network is a decentralized oracle network that provides real-time price feeds for digital and traditional assets to smart contracts on multiple blockchains.

PYTH tokenholders own and govern the protocol. Pyth Networks' investors include Tagus Capital, CTC Ventures Capital, GBV Capital, etc.

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# Pyth Network Maximum token supply Methodology

## 1. Overview

The Pyth Network maximum token supply metric represents the total number of PYTH tokens that can ever exist according to the protocol's tokenomics design. This is a protocol-defined constant that establishes the upper bound for token supply, serving as a reference point for calculating metrics like market capitalization ratios and token distribution percentages. The metric provides a static value of 10 billion tokens starting from the protocol's launch date.

## 2. Data sources

- **Protocol specifications**: Pyth Network's official tokenomics documentation defining the maximum token supply
- **Token contract parameters**: Smart contract specifications that encode the maximum supply limit
- **Launch date records**: Protocol launch timestamp establishing when the maximum supply became active

## 3. Step-by-step calculation

### Component A: Protocol configuration
- **Purpose**: Establishes the fundamental token supply parameters for Pyth Network
- **Logic**: The calculation uses protocol-defined constants rather than on-chain data analysis. The maximum supply is set to 10,000,000,000 PYTH tokens based on the project's tokenomics design. The launch timestamp is established as November 20, 2023, at 00:00:00 UTC, marking when this maximum supply specification became active
- **Key fields**: The `timestamp` field marks the protocol launch date, `timestamp_grain` specifies daily reporting intervals, and `token_supply_maximum` contains the hardcoded maximum supply value

### Final aggregation
- **Combining components**: No aggregation is needed since this represents a single protocol constant
- **Currency conversion**: Not applicable as this metric represents token quantity, not monetary value
- **Time aggregation**: The metric uses a fill-forward strategy to propagate the constant maximum supply value across all dates from the launch date forward, creating a daily time series where each day shows the same maximum supply value
- **Final calculation**: The final metric value is exactly 10,000,000,000 PYTH tokens for every day from November 20, 2023, onward, representing the immutable maximum supply as defined by the protocol's tokenomics

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

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Maximum token supply

Maximum token supply

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