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- PYTH has gained over 25% over the past week, outperforming most large-cap altcoins.
- The Pyth Core upgrade ends on July 31 Free, non-permissioned access to network price feeds.
- All subscription revenue flows to the Pyth DAO, which funds monthly open market token buybacks.
- Santiment Pyth ranks among the top three projects of the Solana ecosystem in terms of development activity.
The Pyth Network’s native token is up more than 25% over the past seven days, trading at around $0.045 and with a market cap of $355 million. According to CoinMarketCap data. The gathering comes three weeks before Basic pyth upgrade Launching on July 31, it is a structural reform that ends the network’s free price data model and replaces it with paid subscriptions whose revenue feeds directly into PYTH buybacks. The timing calls for a clear read – setting trading positions before the deadline – although the move also coincides with a wider rotation of altcoins, so the upgrade cannot claim sole credit. What the pace shows is an acceleration: 12% of gains have arrived in the past 24 hours alone.
The end of free data
Any developer has been able to pull Pyth price data for free since 2021, an arrangement that ends this month. According to the official Pyth Network blog, accessing any price feeds API after July 31st will require an active paid plan and an API key managed through the Pyth Terminal.
Pricing follows a tiered structure: the entry-level Starter plan covers cryptocurrency prices, NAV data, redemption rates and indices, traditional asset classes are in separate brackets, and institutions that want everything to pay a fixed monthly rate are at the top of the scale.
| He plans | Coverage | Monthly price |
|---|---|---|
| beginning | Cryptocurrency, NAV, recovery rates, indices | $500 |
| Individual asset classes | US stocks, futures or foreign exchange, for each tranche | $2,500 – $6,500 |
| Full access | All asset classes | $10,000 |
The team emphasizes that the API endpoints remain identical, so protocols built on Pyth from 2021 won’t experience broken integrations. The infrastructure serving these endpoints is another matter. The core feeds are integrated into the same scaling technology that powers Pyth Pro, which the project says reduces latency, improves price accuracy, and expands code coverage beyond the existing catalog.
Three moving averages down, one barrier remaining
PYTH/USDT 4-hour chart From TradingViewbased on Binance data, the token’s breakout is clearly shown by its 50-, 100-, and 200-period simple moving averages during the recent bullish phase. These averages are now clustered between $0.0361 and $0.0389, which is well below the current price near $0.0452. When the price trades above these three lines, it typically indicates that short-, medium- and long-term momentum has lined up in the same direction, something PYTH has not been able to manage since the early May local high above $0.062.
The same chart carries a warning for anyone entering at current levels. The Relative Strength Index, an indicator that measures how fast and how far a price moves, briefly rose above 80 before settling near 72. Readings above 70 usually indicate an overbought market, meaning the asset has risen quickly enough that a pause or pullback becomes more likely in the short term. The candle that marked $0.048 on July 7 actually met sellers, and since then the price has fallen by about 2%.
| metric | value |
|---|---|
| price | $0.04512 |
| 24 hour change | +12.01% |
| Change 7D | +25.39% |
| Market value | $355.35M |
| 50/100/200 SMA period | $0.0389 / $0.0369 / $0.0362 |
| RSI | 72 |
For traders keeping an eye on the levels, the previous resistance band around $0.042, where the price stopped twice in early July, now acts as a first area of potential support. A deeper bounce will refocus on the moving average range near $0.038. On the upside, $0.048 remains the barrier that rejected the latest push.
The buyback engine is linked to real revenues
Every dollar of subscription revenue flows into the Pyth DAO. From there, Pyth Reserve spends a third of its accumulated treasury balance each month on PYTH purchases on the open market, creating a direct link between commercial adoption and buying pressure on the token.
The amount of what becomes billable is not trivial. The network entered 2026 with more than 2,850 active price feeds serving more than 650 on-chain applications, usage that has not yet generated any recurring revenue. If a small portion of these integrations convert to paying subscribers, the DAO’s treasury grows, and with it the monthly repo budget.
The supply aspect makes the rise much clearer than the percentage alone would suggest. On May 19, Pyth issued approximately 2.13 billion entitlement tokens, an issuance worth approximately $92 million USD that expanded the circulating supply by more than a third. According to data from Tokenomist. Slopes of this magnitude usually limit price action for several months while the market digests the new float. Instead, PYTH spent seven weeks near yearly lows and is now climbing to the upgrade with that accumulation already behind it.
Some rough calculations show what’s at stake. If just 200 of those 650 integrations take the $500 Starter plan, that’s $1.2 million in annual recurring revenue coming into the DAO — modest against PYTH’s $355 million market capitalization, but recurring. The bullish case requires institutional brackets: Fifty clients with full access means $6 million annually, and a third of the growing treasury turns into monthly market purchases. Neither scenario has been confirmed, which is exactly why the first revenue disclosure is more important than the upgrade date itself.
The upgrade also turns off older parts of the network. Pyth is deprecating its native Pythnet implementation chain and cutting back on Oracle Integrity Scking as data delivery moves to the newer Pyth Lazer pipeline. Lower emissions combined with frequent repurchases tilt token supply dynamics toward scarcity, provided the subscription business actually generates meaningful revenue. This remains an open question, and the core tier doesn’t have a revenue history yet to test it with — the only numbers revealed so far come from the enterprise side of Pyth Pro, which has surpassed $1 million in annual recurring revenue with a few dozen subscribers.
Tough deadline for builders
Teams running infrastructure on Pyth face a tough deadline. Anyone using the standalone Price Pusher to manage on-chain updates must upgrade to version 10.5.0 or later and attach a Hermes access token obtained through the Pyth Terminal, or else automated price updates will start failing on July 31, according to the network’s developer documentation. DAO will handle key contract switching automatically, but new integrations should fetch updated contract titles from the Pyth Developer Hub instead of relying on legacy references.
Development data provides support independent of the upgrade itself. Santiment Intelligence placed Beth in third place Among all Solana ecosystem projects by development activity in its latest monthly rankings, it trails only Chainlink and Solana itself, based on improved GitHub event data. Sustained developer production during a business pivot is not a given, and Pyth taking this position indicates that the engineering side is keeping up with the restructuring of the business.
A broader market rotation is working in the token’s favor as well: CoinMarketCap’s Altcoin Season Index rose to 49, and a move of capital into mid-cap tokens lifted several oracle and infrastructure names this week. The next real test comes after July 31, when the first sign-up numbers will show whether the buyback program has significant funding behind it or whether the market has triggered a mechanism that still needs paying customers.
