According to industry sources, Pyth Network completed a new funding round on December 5, 2023. Investors in this round include prominent institutions such as Castle Island, Multicoin Capital, Borderless Capital, CMT Digital, Wintermute, Delphi Digital, Bodhi Ventures, and Distributed Global.Pyth Network is a next-generation price oracle solution that leverages blockchain technology to deliver valuable financial market data to on-chain projects, protocols, and the general public. The network aggregates real-time price feeds from over 70 trusted data providers and publishes them for use by smart contracts and other on-chain or off-chain applications.As a key player in on-chain financial data infrastructure, Pyth Network has demonstrated strong performance in data integrity and market adoption. In February 2024, the PYTH token was listed on major exchanges such as Binance and Upbit. In March 2025, Coinbase also listed PYTH, further expanding the project's market presence. Additionally, the U.S. Department of Commerce selected Pyth Network as a platform for on-chain economic data verification and distribution, underscoring the project's recognition for data authenticity and reliability. Pyth Network's collaboration with prediction market platform Kalshi marks a new era for on-chain circulation of prediction market data and is expected to introduce more innovative use cases to the broader DeFi ecosystem.