By cryptoadmin Oracle services from @PythNetwork now secure about $3.124 billion in assets, according to DefiLlama data. The figure puts the $PYTH oracle network above the $3 billion mark in total value secured (TVS), a metric used to gauge how much value depends on an oracle working correctly.
Solana Holds Most of the Value
The bulk of the total, $1.928 billion, sits on the @Solana blockchain. Pyth has deep roots there: its price data is aggregated on Pythnet,
an application-specific blockchain built on Solana codebase
, before being delivered to other networks.
Pyth also has a presence on other chains. On @SuiNetwork ($SUI), the oracle secures $383.08 million. On @NEARProtocol ($NEAR), the figure is $57.99 million, based on the DefiLlama data cited in the original figures. Pyth's own developer documentation, however,
states that Pyth Core no longer supports Aptos, CosmWasm, Fuel, IOTA, $NEAR, Stacks, Starknet, or TON
, so readers should treat the $NEAR number with some caution.
Pyth launched on Sui in 2023. At the time, the project said
developers on Sui can access Pyth's 200+ price feeds for equities, commodities, foreign exchange pairs, and digital assets
.
How to Read the TVS Figure
DefiLlama defines TVS as the
total value secured by an oracle, where oracle failure would lead to a loss equal to TVS
. It is not the same as total value locked, and DefiLlama's own Pyth page lists TVL at zero because the oracle does not hold user funds.
The number also moves. A live DefiLlama table cited by CryptoSlate in August
mapped Pyth to 316 protocols and about $2.7 billion in total value secured
, and the outlet noted that
the selected view includes borrowed values and settings that can count the same exposure more than once
. The latest reading of around $3.1 billion therefore reflects a rise from that level, though the methodology means it is best seen as a proxy rather than a precise measure of assets at risk.
Pyth's TVS has been higher in the past. Messari reported that in the first quarter of 2024,
total value secured rose 322% to $7.2 billion
, though that figure included Ethena, which DefiLlama data did not cover at the time.
Sources
DefiLlama: Pyth Oracle total value secured
CryptoSlate: Pyth Network API migration and TVS context
Messari: State of Pyth Network Q1 2024