Pyth Exec: Oracle Networks Are Shaking Up the $50B Financial Data Industry

According to Golden Finance, Michael James, Head of Institutional Business Development at Douro Labs (developer of the Pyth Network), says Oracle networks like Pyth are disrupting the $50 billion financial data industry—an industry long dominated by legacy providers serving exchanges, brokerages, and trading firms.

James highlights Pyth’s innovative "pull-based" data model, which allows users to access real-time market data on demand, rather than subscribing to costly feeds. This model helps institutions significantly cut costs while still getting high-quality, real-time pricing data.

Pyth’s Oracle Machine is already delivering real-time data across crypto, stocks, forex, commodities, and interest rates. And in a major leap forward, Pyth launched real-time oil pricing on 80+ blockchains in December 2024.

With its expanding data offerings and cost-effective model, Pyth is poised for massive growth in 2024 and beyond—reshaping how the world’s biggest players access market intelligence.

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