$PYTH #PythNetwork #PYTHUSDT The rise of Pyth as an oracle project seems only a matter of time, with long-term holding being the primary strategy.
Overview of Leading Oracle Projects
- Chainlink: Market leader, TVS exceeding $62.9 billion, market cap share over 87%, multi-chain coverage, deep partnerships with SWIFT, Visa, among others, mature CCIP cross-chain protocol, strong adaptability in DeFi and RWA scenarios.
- Pyth Network: High-performance representative, core ecosystem of Solana, direct connection to institutional-grade data sources, Pull model + Pyth Lazer millisecond-level updates, ideal for high-frequency derivatives and RWA, supports over 100 public chains, TVL around $5.5 billion.
- Redstone: Dual-mode (Push/Pull) pricing, transparent data, distinctive integration of first-party data sources, broad cross-chain coverage.
- API3: First-party oracle, direct data source connection, reduced intermediaries, focused on data accuracy and low latency.
- Tellor: PoW mechanism, median-based anti-tampering, token-based voting governance, suitable for anti-manipulation scenarios.
Core Opportunities for Pyth
1. Technical Barriers: Direct connections to institutional publishers (over 128, including Binance, Jane Street), Pull model reduces costs by fetching data on demand, Lazer updates in 1–10ms, ideal for high-frequency trading and MEV optimization.
2. Ecological Expansion: Deepening presence on high-performance blockchains like Solana, Sui, expanding to EVM chains, serving hundreds of DeFi/derivatives projects, B2B SaaS product Pyth Pro achieved over $1 million ARR in its first month.
3. Scenario Advantages: Accelerated onboarding of RWA assets, its institutional data and low latency align well with pricing of stocks, ETFs, etc.; rising demand for real-time data from AI/DePIN, positioning Pyth as a core data layer.
4. Economic Model: Monetization via Pyth Pro subscription model, optimized token economics, enhanced ability to capture data value.
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