Pyth Network: Building a Global Universal Price Layer, Leading a New Transformation in the Oracle Market
In a data-driven financial world, Pyth Network is rapidly reshaping the market data supply chain, moving from the DeFi world to a $50 billion traditional financial data market.
In the blockchain oracle space, a competitor that cannot be ignored is rapidly emerging. With its innovative first-party data model and institutional-grade data services, Pyth Network has not only won the favor of top institutions like the U.S. Department of Commerce and BlackRock but has also achieved an annual growth of 120% in market share, significantly narrowing the gap with industry leader Chainlink.
Breaking Tradition: From DeFi Oracles to a Global Price Layer
Pyth Network's ambitions go far beyond DeFi oracle services. The third quarter of 2025 will be a key turning point in its development, as the U.S. Department of Commerce chooses Pyth to put GDP data and macro data on-chain, while also launching the subscription-based data service Pyth Pro aimed at institutions.
This move marks Pyth's official expansion from DeFi oracles to the over $50 billion market data industry, taking a solid step towards the vision of building a "Global Universal Price Layer."
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