Good news for Pyth, waiting for the broader market to stabilize before jumping in.
On April 23,
$PYTH Network announced progress on infrastructure upgrades and shifted towards a revenue-based economic model. According to proposal OP-PIP-100, Pythnet will gradually decommission by 2026, with the network's focus shifting to next-gen infrastructure
#Lazer , while Pyth Pro and the data marketplace will become core products moving forward. Meanwhile, the OIS reward mechanism will be phased out through OP-PIP-103, with parameter Y set to 0, marking the end of reward distribution. However, the staking and penalty mechanisms will continue to operate. During the OIS operation, about 1 billion
#PYTH tokens were staked, covering around 120 data provider pools, with no forfeiture proposals during this period. Under the new paradigm, Pyth is transitioning from a token reward-driven model to a revenue-driven one. The PYTH reserve has accumulated approximately 12 million PYTH tokens through protocol revenue buybacks on the open market. Revenue sources include Pyth Pro, core oracle services, and the data marketplace. With the integration of
#Polymarket ,
#Kalshi , and multiple trading platforms, along with continued institutional adoption, the network's focus is now fully on commercialization and data distribution capabilities.
#加密市场反弹