Pyth Network (Low-latency pull oracle sourced straight from 120+ first-party trading firms and exchanges) versus API3 (First-party oracles with built-in OEV recapture ) — how they differ on type, coverage and what they’re built for.
| Pyth Network | API3 | |
|---|---|---|
| Type | Pull | Push + OEV |
| Update model | Publishers stream prices to Pythnet → relayed via Wormhole → pulled on-demand by the consuming chain. Updates ≈ every 400 ms. | Data providers run their own Airnode (no middlemen). The OEV Network auctions the value of each oracle update back to the dApp instead of leaking it to searchers. |
| Chains | 90+ | Many EVM L2s |
| Feeds | 1,300+ | dAPIs |
| Security | Aggregates 120+ first-party publishers (exchanges, market makers) on Pythnet with confidence intervals. | First-party provenance (data signed at source) + API3 DAO governance. |
| TVS* | ~$3.1B | Specialized |
| Token | PYTH | API3 |
| Best at | HFT-grade latency and real-world assets (equities/FX/commodities); pull means you only pay gas when you read | First-party data + OEV recapture — turns oracle-update MEV leakage into protocol revenue |
* Approximate total value secured — dated market snapshot (DefiLlama / provider reports, 2026).
Pick Pyth Network when hft-grade latency and real-world assets (equities/fx/commodities); pull means you only pay gas when you read matters most; pick API3 when first-party data + oev recapture matters more.