Pyth Network Price Soars 76% As US Brings GDP Data On-chain

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The Pyth Network price has soared 76% in the last 24 hours to trade at $0.2088 as of 3:34 a.m. on a 77% pump in daily trading volume to $1.2 billion.

The surge in the PYTH price comes after the US Department of Commerce selected Pyth Network, alongside Chainlink (LINK), to verify and distribute official government economic data on-chain. The rally also propelled PYTH to its highest level since February, lifting its market capitalization to $1.3 billion.

The U.S. Department of Commerce has selected Pyth Network to verify & distribute economic data onchain 🏛️
Today’s announcement by @howardlutnick & @realDonaldTrump marks a landmark step for the adoption of decentralization & validates Pyth’s role as a trusted data source 🧵 ⬇️ pic.twitter.com/cOvw8lDNhP
— Pyth Network 🔮 (@PythNetwork) August 28, 2025

For Pyth, the partnership marks one of its most important milestones yet. It provides the network with real-world utility, boosts its credibility, and sets it apart from other oracle projects in the crypto space.

Its strong rally reflects investor confidence that this government-level recognition could drive wider adoption of the protocol and strengthen its long-term value.

PYTH was the only token to see such big gains even though the government said quarterly GDP data would be published on nine blockchains, including Bitcoin, Ethereum, Solana, Tron, Stellar, and Avalanche.

Pyth Network Active Addresses Jump to 1.7K

Pyth Network is seeing a big rise in activity, with daily active addresses now reaching 1,700, according to Token Terminal. This is one of the highest levels for the project this year.

For most of late 2024, Pyth had very low activity. Things changed in January 2025, when active addresses suddenly spiked past 600. Since then, numbers have gone up and down but stayed much higher than before. The latest surge shows more people are coming back to use the network.

Pyth Network Active Addresses. Source: TokenTerminal

Pyth provides on-chain data services, and the growing number of active addresses suggests more developers and traders are starting to rely on its data feeds. Recent partnerships and attention from the crypto market may also be fueling the growth.

Analysts say this steady increase could help Pyth gain even more adoption in the future.

Pyth Network Price Breaks Out After Long Consolidation

Traders view the US government move as a major step in bridging traditional finance with blockchain, which fueled the rally. The PYTHUSDT trading pair has finally broken out after trading sideways for months.

The PYTH price jumped from around $0.13 to test $0.25 before pulling back slightly to $0.20. This move shows that traders are paying attention again after a long period of low activity.

From July through most of August, PYTH was stuck in a consolidation zone between $0.10 and $0.13. This acted as strong support, where buyers stepped in every time the price dropped. The breakout above $0.15 triggered fresh momentum, pushing the token quickly toward the $0.25 level.

Pyth Network price

PYTHUSDT Analysis. Source: Tradingview

The chart shows that $0.25 is a key resistance level. Sellers are active at this point, and the price has not managed to close above it yet. On the other hand, if it fails to break out, the price may fall back to the support zone near $0.15–$0.18.

The Relative Strength Index (RSI) is currently around 70, which signals that PYTH is overbought. This means the token may face profit-taking in the short term. However, it also confirms that the recent rally has strong momentum behind it.

If the RSI eases while the price stays above support, PYTH may set up for another rally. A breakout above the resistance could open the way toward $0.30 or beyond.

Pyth Network Price Faces Resistance At $0.25

At the moment, the structure looks like a classic breakout pattern. The consolidation provided a strong base, and the surge shows clear buying pressure. Now, the market is watching whether PYTH can build enough strength to push past $0.25.

For traders, the key levels are clear: $0.15 as strong support and $0.25 as major resistance. A breakout above $0.25 could signal the start of a stronger uptrend, while a rejection may bring the token back into a sideways range.

In short, PYTH has moved from months of stagnation into a decisive breakout, but it still needs to clear resistance to confirm a longer-term bullish trend.

The coming days will show whether buyers have enough power to push it higher or whether sellers force another consolidation phase.

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