In the field of Quantitative Investment in New York, a young analyst recently made an interesting discovery. She was surprised to find that the data source she prepared for Crypto Assets strategies, Pyth Network, was actually the same one used for the company's main stock strategies. Even more astonishingly, this data provider from the Blockchain world was 0.3 seconds faster in backtesting crude oil futures than traditional providers.

This discovery reveals that Pyth Network is quietly changing the landscape of financial data. In the field of Crypto Assets, Pyth's Entropy random number generator is addressing the long-standing issue of transaction order manipulation. It not only plays a role in the fair distribution of NFT projects, the defense against attacks on decentralized exchanges, and the fairness of on-chain lotteries, but also directly leads to an average decrease of 18% in slippage losses for users of decentralized exchanges that connect to its system.

However, the influence of Pyth Network has already transcended the realm of Blockchain. Surprisingly, it is gradually penetrating the traditional financial sector. Commodity traders in Singapore use it to verify crude oil spot prices, private equity funds in Hong Kong utilize it as an alternative data source for cross-verification, and even the European Central Bank is testing its inflation data collection capabilities.

The reason why these traditional institutions favor Pyth Network is not only because of its speed advantage, but more importantly, its unique "first-hand data" architecture. Hundreds of exchanges and market makers directly provide raw quotes, effectively avoiding the multiple processing stages in traditional data links, thereby offering more accurate and timely market information.

The rise of Pyth Network marks a groundbreaking application of Blockchain technology in the field of financial data, demonstrating how technological innovation can reshape traditional financial infrastructure and provide market participants with a fairer and more efficient trading environment. As its influence continues to grow, we may be witnessing the beginning of a Blockchain-driven revolution in financial data.