PERP.WIKI

Pyth Network vs Katoshi

Hyperliquid ecosystem comparison · Oracles

Ecosystem Pick
Different Focus Areas

Quick Take

Pyth Network High-fidelity oracle delivering real-world market data to Hyperliquid on Multi-Layer, while Katoshi AI-powered trading automation engine built exclusively for Hyperliquid on HyperCore. They serve different niches in the Hyperliquid ecosystem.

Based on public data for Pyth Network and Katoshi. Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.

Overview

Pyth Network logo

Pyth Network

Pyth Network is a high-fidelity, low-latency oracle that delivers real-world market data to smart contracts on over 50 blockchains including Hyperliquid. Hyperliquid integrates Pyth's price feeds to power its perpetual and spot markets, ensuring reliable mark prices and funding rates. Pyth uses a pull-model where publishers—including major trading firms like Jump Trading and Jane Street—push prices on-chain only when consumed, dramatically reducing costs. With sub-second update frequencies and over 500 price feeds covering crypto, equities, FX, and commodities, Pyth is one of the most widely used oracles across the HyperEVM ecosystem. Its decentralized network of first-party data sources ensures data accuracy and tamper-resistance, making it a critical infrastructure layer for DeFi protocols building on Hyperliquid that require accurate, real-time pricing for collateral valuation, liquidation triggers, and perpetual mark prices.

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Katoshi logo

Katoshi

Katoshi is the premier trading automation engine built exclusively for Hyperliquid, enabling traders to build, deploy, and manage algorithmic strategies with millisecond precision and zero downtime. Trusted by thousands of active traders, Katoshi abstracts the complexity of algorithmic execution into an accessible platform that requires no deep coding expertise. At its core, Katoshi offers a complete automation toolkit: receive signals from TradingView, fire webhooks and custom API triggers, or deploy fully autonomous AI trading agents that react to market conditions in real-time. The platform also supports MCP (Model Context Protocol) integrations, putting cutting-edge AI-driven execution within reach of any trader. Katoshi's deep native integration with Hyperliquid means bots can tap directly into one of crypto's fastest and most liquid on-chain order books, accessing perpetuals across hundreds of markets with minimal slippage. Whether automating a simple RSI crossover strategy or running a multi-leg algorithmic portfolio, Katoshi provides reliable infrastructure to scale it. Built from the ground up for Hyperliquid's architecture, it has become the go-to automation layer for retail traders and institutional desks operating in the ecosystem.

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Feature Comparison

FeaturePyth Network logoPyth NetworkKatoshi logoKatoshi
LayerMulti-LayerHyperCore
CategoryOraclesTrading Bots & Automation
StatusActiveActive
Launch Year2025
Websitepyth.networkkatoshi.ai
Twitter@KatoshiAI
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
AIautomationtrading-agentsnon-custodial

Score Comparison

Pyth NetworkKatoshi
Open Source
Pyth Network
Not public
Katoshi
Not public
Verified
Pyth Network
Unverified
Katoshi
Unverified
Ecosystem Breadth
Pyth Network
0 tags
Katoshi
4 tags
Maturity
Pyth Network
Unknown
Katoshi
Since 2025

Feature Matrix

FeaturePyth Network logoPyth NetworkKatoshi logoKatoshi
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

Pyth Network operates on Multi-Layer (spans multiple hyperliquid layers), while Katoshi runs on HyperCore (native on-chain perpetual orderbook). This affects composability, transaction speed, and the types of integrations each protocol supports.

Category Focus

Pyth Network is focused on oracles, while Katoshi targets trading bots & automation. They serve different user needs within the Hyperliquid ecosystem.

When to Use Each

Choose Pyth Network if you...

  • Want a oracles solution on Multi-Layer
  • Need: High-fidelity oracle delivering real-world market data to Hyperliquid

Choose Katoshi if you...

  • Want a trading bots & automation solution on HyperCore
  • Need features like AI and automation
  • Need: AI-powered trading automation engine built exclusively for Hyperliquid

Ecosystem Integration

Pyth Network logo

Pyth Network

Pyth Network operates on Multi-Layer (spans multiple hyperliquid layers). Spanning multiple layers lets it combine the strengths of each, though integration complexity is higher.

Katoshi logo

Katoshi

Katoshi operates on HyperCore (native on-chain perpetual orderbook). Running on HyperCore gives it direct access to the native orderbook with minimal latency and maximum throughput.

Community Verdict

Which do you prefer?

Share your experience with Pyth Network or Katoshi to help others in the Hyperliquid community make better decisions.

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