DeFi protocols face operational risks as Pyth Network’s price feeds remain offline, halting trading and liquidation data.
Pyth Network experienced a prolonged outage affecting its core and sponsored price feeds, lasting more than four hours. The disruption impacted Pythnet and Hermes, critical components for delivering real-time oracle data to decentralized finance platforms.
Validators are coordinating a restart after identifying the root cause, but the incident may disrupt lending, trading, and liquidation operations for DeFi protocols relying on Pyth’s data. No prior major outages of this duration have been reported in recent months.
The team has not disclosed specific market reactions, but prolonged downtime could trigger volatility in affected DeFi applications.