In the blockchain world, oracles are the bridge connecting the real world to the on-chain ecosystem. And @Pyth Network Pythnetwork is no longer satisfied with just being the cornerstone of DeFi; it is launching an assault on the traditional financial market data industry, which exceeds $50 billion, with its unique high-frequency, low-latency real-time data.
The traditional market data field is monopolized by a few giants, leading to pain points such as high costs and inconvenient access. Pyth Network's second phase roadmap precisely targets this blue ocean by launching institutional-grade data subscription products. This means that any institution can now access top-tier market data that previously required exorbitant costs in a more efficient and economical way.
This is not just data transportation; it is a trust reconstruction for institutional applications. Pyth gathers direct data sources from hundreds of top market makers and exchanges, including Jump Trading and Virtu Financial, and through an innovative “pull” model, it has created a comprehensive market data source that institutions can trust, providing the possibility for building the next generation of financial infrastructure.
Behind all this is the core utility of the **$PYTH** token. It is not only used to incentivize data contributors, ensuring the prosperity and security of the data ecosystem, but more importantly, it serves as a governance token that guarantees the reasonable distribution of Pyth DAO's revenue and the continuous evolution of the protocol. Holding $PYTH means participating in and sharing the dividends of this data revolution.
