Pyth Network: The Future Blueprint for Decentralized Market Data 1. Pyth's vision: a market data revolution of more than $50 billion Pyth Network isn't just limited to providing real-time price oracles for DeFi. Its vision is to expand into the broader market data industry beyond DeFi. According to public estimates, the global financial market data industry has exceeded $50 billion and is growing rapidly. Institutions rely on market data for trading, risk management, and compliance operations every day. However, this data is currently monopolized by a few companies, with high prices and a lack of transparency. Pyth hopes to break this situation through a decentralized network and create a fairer and more efficient market data ecosystem. At its core, it is: 1. Openness: Anyone can access the data, and any data provider can contribute. 2. Transparency: Verifiable on-chain, ensuring that data cannot be tampered with. 3. Incentives: Financial incentives for contributors and consumers...
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