The #PythRoadmap refers to the strategic development plan for the Pyth Network 🐍, a decentralized oracle project that provides real-time, high-fidelity financial data directly on-chain.
The roadmap is characterized by a major pivot from solely serving the DeFi ecosystem to aggressively targeting the broader institutional financial data market, estimated to be a $50 billion industry. The ultimate goal is to become the fundamental data layer for all of Web3 and traditional finance.
Key Phases and Goals of the Pyth Roadmap
The Pyth roadmap has evolved through distinct phases, with Phase 2 representing the current strategic focus on institutional expansion.
Phase 1: Decentralized Finance (DeFi) Foundation (Completed/In Progress)
This initial phase focused on building the core infrastructure and establishing Pyth as a leading data provider in the crypto space:
First-Party Data Model: Sourcing data directly from exchanges, trading firms, and market makers (publishers) to ensure high-quality and low-latency feeds.
Asset Coverage: Launching initial feeds for US Equities and Cryptocurrencies.
Cross-Chain Expansion: Achieving multi-chain compatibility, expanding support to over 50 blockchains (via Pythnet and Wormhole).
Core Tools: Introducing features like Pyth Entropy (on-chain randomness) and Pyth Benchmarks (historical price data). #PythRoadMap @Pyth Network $PYTH
