The leader of blockchain oracles is stepping up its game. Pyth Network, after conquering DeFi with its ultra-reliable price feeds, is now setting its sights on a colossal market: institutional financial data, a sector long dominated by Bloomberg and Refinitiv for decades, estimated at over $50 billion annually.
Pyth Network and DeFi: An Already Established Domination
Since its inception, Pyth has established itself as the premier on-chain financial data network. With over 600 integrated protocols, a presence on a hundred blockchains, and nearly 1,800 price feeds available.
The impact is enormous: over $1.6 trillion in cumulative trading volume, with a commanding 60% market share in the DeFi derivatives market. Its data comes directly from leading global players like Jane Street, Jump, DRW, Optiver, Cboe, LMAX, and Virtu.
In essence: Pyth has already become an indispensable technical standard in decentralized finance.
Next Step: Targeting TradFi and Recurring Revenues
The second phase of the plan is now official. Pyth is preparing to launch an institutional product based on a subscription model, allowing banks, funds, and trading firms direct access to proprietary data from over 120 top-tier institutions.
This is a first: these data will no longer pass through costly intermediaries. Subscriptions can be paid in dollars, stablecoins, or PYTH tokens. The generated revenues will be channeled back to the Pyth DAO, fueling a virtuous cycle.
More subscribers, more revenue. More revenue, more incentives for data producers. More incentives, more coverage, and hence more appealing institutions. The famous “flywheel effect” applied to financial data.
A $50 Billion Market to Transform
Today, institutions pay astronomical sums to access often fragmented, latency-ridden data with imposed intermediaries. Pyth aims to break this model.
Even capturing just 1% of this market would generate over $500 million in annual revenue. But the ambition is much broader: to become the universal price layer for global finance, online and offline.
Pyth’s Long-Term Vision
Pyth thinks big. Over 3,000 symbols available by the end of 2025, 10,000 in 2026, and over 50,000 by 2027. The goal: to become the global source of truth for all market data, whether from traditional finance, DeFi, or OTC markets.
With such ambition, Pyth is no longer content with being just a blockchain tool. The protocol aims to redefine how global finance accesses, consumes, and values data.
