The official says the root cause has been identified, but the TVL relying on a single price feed protocol can't wait—this downtime is a wake-up call for the entire industry.

Wu said that the Pyth official status page shows that Pythnet/Hermes has been down for over 4 hours, affecting both Price Feeds and Sponsored Feeds. The official team stated that they have identified the root cause of the issue, and validators are coordinating to restart the network to restore the Pyth Core Feeds service. Currently, many data protocols relying solely on the Pyth oracle are affected, and the community is widely discussing the risks of oracle single points of failure and DeFi.