#24 of 25 · Pyth Network
Is PYTH deflationary?
About flat · 0.0% policy supply next year
PYTH supply is expected to stay about flat over the next twelve months (0.0% policy). That figure is a published protocol policy, not a measured rate. Under its no permanent burn program program, there is no permanent supply reduction, funded by fixed capped allocation. Known releases over the next twelve months equal 27.0% of current circulating supply. Beneat Supply Watch ranks PYTH #24 of 25 with an overall supply score of 61 out of 100, as of Sep 6, 2026.
Supply score
61 / 100
Key figures
Supply next year
0.0% policy
Tokens unlocking, 12 months
27.0% of supply
Circulating
78.7%
Market cap
$433M
Supply direction score
70
Release pressure score
32
Program strength
66
Track record
80
Scores are 0–100 research shortcuts, not price forecasts. Sources: strong. Data as of Sep 6, 2026.
Supply history
Daily observed circulating supply from the market snapshot. Scheduled releases are shown separately below.
Upcoming releases
The published release schedule is fully dated and modeled. One final 2.125B PYTH step remains in the current 12-month window.
| Date | Allocation | Amount | Share of supply |
|---|---|---|---|
| Locked allocation releases · scheduled | 2.13B PYTH | 21.25% |
How PYTH supply changes
Paid for by
Fixed capped allocation
What happens
No permanent burn program
Where tokens go
Publishers, ecosystem and contributors
The 85% locked allocation releases in four equal annual steps at months 6, 18, 30 and 42 after launch.
Catalyst
No material catalyst recorded.
Offsetting risk
The final step is large relative to current float.
Questions people ask about PYTH supply
- Is PYTH deflationary?
- PYTH supply is expected to stay about flat over the next twelve months (0.0% policy). That figure is a published protocol policy, not a measured rate. Under its no permanent burn program program, there is no permanent supply reduction, funded by fixed capped allocation. Known releases over the next twelve months equal 27.0% of current circulating supply. Beneat Supply Watch ranks PYTH #24 of 25 with an overall supply score of 61 out of 100, as of Sep 6, 2026.
- When is the next PYTH unlock?
- The next known PYTH release is on May 20, 2027: 2.13B PYTH from locked allocation releases, about 21.25% of reference supply. A release can add selling pressure but does not mean holders will sell.
- How much PYTH is in circulation?
- 7.87B PYTH is in circulation, about 78.7% of the 10.00B reference supply, with a market cap of $433M. Release progress is 4 of 5; expected completion: May 2027.
- How does PYTH supply change?
- The 85% locked allocation releases in four equal annual steps at months 6, 18, 30 and 42 after launch. Program: No permanent burn program. Paid for by fixed capped allocation. Destination: publishers, ecosystem and contributors.
- How reliable is this data?
- PYTH has strong sources: 2 cited documents, last checked Sep 6, 2026. Reconciliation against the published plan is "within-tolerance". Observed circulating supply is compared with calculable scheduled releases; opaque and dynamic flows remain outside the expectation.
Sources
- CoinGecko · Market and circulating-supply snapshot ↗2026-09-06
- Pyth Network · PYTH allocation and unlock schedule ↗2026-09-01
Reconciliation: within-tolerance. Observed circulating supply is compared with calculable scheduled releases; opaque and dynamic flows remain outside the expectation. Machine-readable data: /api/screener/deflationary and calendar for PYTH.
Compare with
All 25 tokens on Beneat Supply Watch · How Supply Watch compares with other tools
Research only. Not investment advice. Beneat Supply Watch does not forecast prices.