Price Feeds outages are quite critical; DeFi protocols are probably frantically switching to backup oracles—this nearly four-hour outage of Pythnet once again shows that even a brief halt in the on-chain world’s clock can cause chain reactions in downstream liquidations, leverage, and derivatives contracts. The process of validator coordination to restart itself is also a stress test of the decentralized network governance capability.

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Pyth Oracle Pythnet/Hermes was down for nearly 4 hours, affecting Price Feeds service
BlockBeats News, May 22 — According to the official Pyth status page, Pythnet/Hermes has been down for nearly 4 hours, affecting both Price Feeds and Sponsored Feeds. The page shows that the root cause of the issue has been identified, and validators are coordinating to restart the network, with service expected to resume at 20:30.
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