From DeFi to a trillion-dollar market: Pyth Network drives a new leap in data ecology with $PYTH
As market data becomes the key link between Web3 and traditional finance, Pyth Network is starting a transition from the DeFi sector to a market data industry worth over $50 billion with a clear roadmap. The focus of its second phase is to launch an institutional-level data subscription product that precisely targets the core needs of institutions for reliable data sources. By integrating diverse market data and enhancing the real-time and accuracy of the data, it aims to create a comprehensive market data service system that institutions can trust, filling the gap in professional-level data supply in the industry.
As the core pillar of the ecosystem, the utility of the PYTH token runs through the entire development chain of the ecosystem: it continuously incentivizes data providers, developers, and other contributors to the ecosystem, stimulating the vitality of data collection and application development; it also ensures that DAO income flows reasonably to the community and ecological construction through a smart allocation mechanism, forming a virtuous cycle of 'contribution-revenue-reinvestment'. Now, with the implementation of institutional-level applications and the improvement of the PYTH ecosystem, Pyth Network is gradually becoming a key bridge connecting Web3 and traditional financial market data, and is expected to occupy a core position in the trillion-dollar data market in the future.
@Pythnetwork
