The ultimate value of oracles has never been just about simple data transmission, but rather becoming a 'trustworthy bridge' that connects on-chain smart contracts with the real financial world. Among many competitors, Pyth Network, with its profound understanding of 'financial-grade demands', is evolving from a mere oracle service provider into a core infrastructure of the hybrid financial era, thanks to its first-party data architecture and open ecosystem layout.
The first-party data model is the essential feature that distinguishes Pyth from similar projects. Traditional oracles often rely on indirect sources such as exchange APIs or data aggregators, and then transmit this data on-chain through a network of nodes. This model not only faces data latency issues but also increases trust risks due to intermediary nodes. Pyth, on the other hand, directly connects with market participants—such as market makers, exchanges, and financial institutions—who contribute their trading and pricing data directly. Each data source also includes a confidence interval, making the quality and volatility of the data transparent and traceable. This 'data sourced from the origin' model enables Pyth to outperform traditional solutions under extreme market conditions.
Multi-chain compatibility enables this 'trusted data' to maximize its value. Pyth currently supports over 100 blockchains, covering the entire spectrum from mainstream public chains to emerging Layer 1s, with new data sources instantly synchronized across all supported chains. This is an advantage that many similar projects, which only cover a few dozen chains, find hard to achieve. This broad coverage brings ecological diversification, with its total value secured (TVS) accounting for only 61% on Solana, avoiding the risks of single-chain dependency, and this diversification is key to the stability of financial infrastructure.
In terms of ecological empowerment, Pyth demonstrates unique value in connecting 'traditional and emerging.' The inclusion of Revolut is by no means an isolated case. This digital bank, which serves millions of users worldwide, extends its financial service capabilities into the Web3 space by becoming a Pyth data publisher, without having to bear the complex risks of active trading. It can drive the development of the DeFi ecosystem simply through data contributions. This cooperative model provides a template for more traditional financial institutions to enter the market—without needing to participate deeply in on-chain operations, they can enjoy Web3 dividends through data empowerment. Meanwhile, Pyth's data coverage continues to expand, extending from cryptocurrencies to traditional assets such as stocks, foreign exchange, and metals, providing crucial support for RWA (real-world asset) tokenization.
Compared to similar projects that pursue 'full scene coverage,' Pyth has always focused on core financial needs. This focus has allowed it to establish significant advantages in areas such as DeFi lending and derivatives trading. It does not pursue a blind accumulation of functions but instead builds a 'accurate-efficient-trustworthy' triangular balance through the logic of 'data source optimization + transmission architecture innovation + ecosystem open cooperation.'
From technological breakthroughs to ecological co-construction, Pyth Network is redefining the value boundaries of financial oracles. It addresses the 'trustworthiness of information sources' issue with first-party data, breaks through 'efficiency bottlenecks' with a pull-based architecture, and broadens 'application scenarios' through multi-chain compatibility and institutional collaboration. With the in-depth development of hybrid finance, Pyth is expected to become a core data hub connecting traditional finance and the Web3 world, providing a solid trust foundation for various financial applications.
#PythRoadmap @Pyth Network $PYTH
