The Pyth network is launching an exciting program that is expected to distribute over 600,000 rewards. As a leading oracle machine in the decentralized finance space, Pyth has earned widespread trust with its secure and transparent data services.

Recently, Pyth announced an ambitious strategic expansion plan. The project is moving from the traditional DeFi space into the broader market data industry, aiming to capture this huge market valued at over $50 billion.

The development roadmap of Pyth is divided into several stages, with the second stage focusing on the development of data subscription products aimed at institutions. This initiative aims to establish Pyth as a reliable comprehensive market data source for institutional investors, further enhancing its position in the financial data sector.

It is worth noting that the PYTH token plays a key role in this ecosystem. It not only provides incentives for ecosystem contributors but also ensures that DAO revenues can be reasonably distributed, thereby maintaining the healthy development of the entire ecosystem.

Currently, Pyth is holding a highly engaging event. Users only need to complete the operations designated by the official to participate. Given that the number of participants is relatively small at the moment, this is undoubtedly a rare opportunity. Interested users should seize the time to avoid missing out on this great chance.

As Pyth continues to expand in the field of market data, its influence is expected to further strengthen. This not only reflects the potential application of blockchain technology in the traditional financial sector but also suggests that the boundaries between Decentralized Finance and traditional finance may become increasingly blurred.