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Pyth Network Restores Pyth Core Oracle Service After May 22 Outage

Pyth Network Restores Pyth Core Oracle Service After May 22 Outage

Pyth Network said Pyth Core price feeds and Sponsored Feeds on Pythnet were disrupted for about four hours after validators stopped producing blocks, before normal operations resumed at 13:00 UTC; Pyth Pro remained unaffected.

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Fact Check
The core facts of the claim are strongly confirmed by the official Pyth Network status page ('URGENT - Pythnet/Hermes Downtime - Pyth Network Status'): Pythnet validators stopped producing blocks, Pyth Core price feeds and Sponsored Feeds were disrupted, and full restoration occurred at 13:04 UTC. Pyth Pro/Lazer being unaffected is also confirmed. The one discrepancy is the stated duration of 'about four hours': the official timeline shows the outage began at 06:58 UTC and was fully resolved at 13:04 UTC, a span of approximately six hours and six minutes. The PANews article written mid-incident noted 'approximately 4 hours' at time of writing (around 10:58-11:00 UTC), which explains the figure — it was accurate at the time of that report but not at final resolution. The restoration time of 13:00 UTC cited in the claim is accurate (official page shows 13:04 UTC). All other details are confirmed across multiple independent sources.
Summary

Pyth Network said its free, legacy oracle layer Pyth Core suffered an outage early on May 22 after Pythnet validators stopped producing blocks, disrupting Pyth Core price feeds and Sponsored Feeds for about four hours. The company said it identified the root cause, restarted Pythnet and Hermes components, and restored normal operations at 13:00 UTC. Pyth added that Pyth Pro, along with Entropy and Price Feeds Beta, was unaffected, with Kalshi, Coinbase, and LMAX continuing to operate through Pyth Pro. Pyth Core is scheduled to be deprecated on July 31 following a DAO decision.

Terms & Concepts
  • Oracle: A blockchain data feed service that delivers external market information, such as prices, to on-chain applications and trading systems.
  • Validator: A network participant responsible for confirming activity and helping a blockchain or related system continue producing new blocks and operating infrastructure.
  • Pythnet: The network environment used by Pyth Network to publish and distribute price data to connected services.