Many people think that Pyth Network is just a tool for providing price data for DeFi protocols, but this understanding is far from comprehensive.🍀
Pyth is building a disruptive decentralized data network aimed at shaking up and ultimately replacing the traditional market data industry, which is worth over $50 billion annually.
This industry has long been monopolized by a few centralized giants like Bloomberg and Refinitiv, with slow data transmission, high costs, and insufficient transparency. Pyth's first-party oracle model directly obtains data from the world's top exchanges, market makers, and financial institutions, not only faster and with lower latency but also fully open and transparent.
Imagine a future where, whether in the stock trading systems of traditional financial institutions or the virtual asset prices in Web3 games, or even the real-time sensor data from IoT devices, all can be securely and reliably transmitted through the Pyth network. This is a grand vision that fundamentally changes the way data is distributed, bringing unprecedented possibilities to the entire financial and technology sectors.✨
@Pyth Network $PYTH
#PythRoadmap #DEFİ #Web3