With the rapid development of the encryption field, oracles that were once regarded as infrastructure are undergoing a transformation. In particular, Pyth Network is gradually breaking through the boundaries of traditional oracles, moving towards becoming an on-chain market data company. This shift not only signifies Pyth's deep cultivation in the Decentralized Finance sector, but also indicates its ambition to enter the global market data industry.

In this market, which exceeds $50 billion in scale, Pyth is innovatively challenging traditional giants such as Bloomberg and Refinitiv. Pyth's development strategy is divided into three phases: first, establishing a first-mover advantage by providing fast, accurate, and multi-chain compatible price data in the DeFi market; second, launching the Pyth Pro advanced data subscription service aimed at institutions to attract professional users such as investment banks, funds, and market makers; and finally, building a comprehensive and trustworthy market data ecosystem, committed to becoming the Bloomberg of the blockchain world.

The development trajectory of Pyth clearly demonstrates the process from starting in the DeFi sector, to institutional-level services, and then to comprehensive data industrialization. This evolution not only reflects the maturity of the encryption market, but also highlights the core position of high-quality real-time data in the modern financial system.

The importance of Pyth in the DeFi ecosystem is self-evident. Whether it's perpetual contracts, lending liquidation, or physical asset collateral products, they all rely on accurate real-time price information. In a highly volatile market environment, even a one-second delay can lead to huge losses, highlighting the critical role of fast and accurate Oracle Machine services.

As Pyth continues to expand its range and depth of services, we can foresee that it will play an increasingly important role in connecting traditional finance with Decentralized Finance and driving the entire industry forward. This transformation from an infrastructure provider to a market data leader not only reflects Pyth's strategic vision but also provides an inspiring example for the future development of the entire blockchain industry.