Pyth Network outage halts price feeds for more than five hours

Pyth Network, a widely used crypto oracle that supplies market prices to decentralized finance applications, suffered a disruption lasting more than five hours Friday after validators stopped producing blocks on Pythnet, interrupting the creation of fresh price data. Pyth later said its core feeds were restored, but as of its latest cited update, Hermes endpoints were still not exposing prices.

The incident was first logged on Pyth’s official status page at 06:58 UTC on May 22, 2026. In that initial update, Pyth said: “The Pythnet validators have stopped creating blocks on Pythnet and since no prices have been created. We are working to resolve this ASAP with Pythnet validators.” At 10:34 UTC, the project said it had identified the problem and that validators were preparing a restart. “We’ve identified the root cause of the issue affecting Pythnet (Pyth Core/Hermes). The validators are coordinating a restart currently which hopefully should have the Pyth Core Feeds and Sponsored Feeds resume by 12.30 PM UTC. We'll keep you updated as things evolve,” the status page said. By 12:26 UTC, Pyth posted: “The issue with Pythnet/Pyth Core Feeds has been resolved. However, the Hermes endpoints are still not exposing prices. We are actively working on this. Please note that Pyth Pro/Lazer continued operating as expected. ... Postmortem summary coming soon.”

Based on those timestamps, the disruption lasted at least 5 hours and 28 minutes from the first logged incident to the 12:26 UTC update. Pyth’s status page showed the incident affected both “Price Feeds” and “Sponsored Feeds,” with three price-feed components and 14 sponsored-feed components marked affected. As of 13:22 UTC, there were no independently verified, primary-source reports of large liquidations, protocol failures or financial losses directly tied to the outage.

That distinction matters because Pyth is one of the larger oracle providers in crypto. An oracle is a service that delivers outside data, such as asset prices, to blockchain-based applications. Pyth’s public website says it supports more than 3,059 price feeds, 138 publishers, 114 blockchains and 711 apps. When those feeds stop updating, applications that depend on timely prices may pause some functions, switch to backup data sources or risk relying on stale prices.

Pyth’s own updates also underscored that different parts of its system recovered at different times. Pythnet is the core network that produces the price updates, while Hermes is a distribution service that relays those updates to applications. That means the restoration of Pyth Core Feeds did not necessarily mean all downstream users could immediately access prices through Hermes. Pyth also said “Pyth Pro/Lazer continued operating as expected,” indicating that service was unaffected by the disruption.

Pyth said a postmortem summary was coming soon, but none had been published as of 13:22 UTC. Until that appears, and unless downstream protocols disclose their own incidents, the fuller impact of the outage remains unclear.