Pyth Network Restores Price Feeds After Outage, Says Paid Service Unaffected

Pyth Network restored a price feed outage that affected its free legacy Pyth Core service, with systems confirmed back online at 1:00 p.m. UTC. The disruption, tied to failures in Pythnet and Hermes, lasted more than four hours but did not impact the paid Pyth Pro infrastructure used by institutional clients. Major customers including Coinbase, Kalshi and LMAX continued operating without interruption. The incident highlights operational risk in relying on free oracle feeds for DeFi, could exacerbate short-lived liquidation or execution issues for protocols using legacy feeds, and may accelerate migration to paid oracle services ahead of Pyth Core’s July 31 shutdown.