🚀 Pyth Network (@Pyth Network ) is moving from a DeFi data oracle to a global market data infrastructure giant! Its vision is to break through blockchain boundaries and penetrate the traditional market data industry worth over $50 billion.
Currently, Pyth has entered the second phase of its strategy: developing institutional-grade data subscription products to provide low-latency, high-frequency data services for professional clients such as banks and asset management companies. By leveraging a distributed network and diversified payments (fiat currency, stablecoins, or $PYTH), it aims to build a comprehensive data source that institutions can trust.
The token $PYTH is the core of the ecosystem, incentivizing data providers to contribute high-quality data while achieving revenue distribution and ecosystem growth through DAO governance. As institutional subscriptions advance, DAO revenue is expected to grow, further enhancing the token's value capture ability.
