Basic information about PYTH NETWORK. A new project on the Binance Creator Path.
WHY YOU SHOULD INVEST?
1. Position and pioneering technology
* Next-generation oracle: Pyth provides price data with extremely low latency (measured in milliseconds), crucial for high-frequency DeFi applications such as derivatives trading and algorithmic trading.
* "First-party" model: Pyth sources data directly from major financial institutions, exchanges, and market makers, rather than relying on intermediaries.
* Multi-chain support: Although initially emerging in the Solana ecosystem, Pyth has expanded and integrated with over 100 blockchains, providing data for more than 600 protocols. This widespread adoption reinforces its position across the entire blockchain space.
2. Strong growth potential
* Strategic partnerships: Pyth has announced significant partnerships with major names like Sony and most recently the U.S. Department of Commerce to provide macroeconomic data on-chain.
* Increased market demand: Pyth is positioning itself as a "leader" in this high-frequency data niche.
* Tokenomics encourages accumulation: The token release schedule of PYTH is designed to be gradually distributed over several years (up to 2027), aimed at reducing selling pressure and encouraging long-term accumulation.
3. Competition and challenges
* Major competitor Chainlink: Although Pyth has its own advantages, Chainlink (LINK) remains the "king" in the oracle space with overwhelming market cap and share. Pyth is competing by focusing on speed and high-quality data from institutions, while Chainlink is more diverse in data types.