High-speed oracles disrupting $50B finance data industry — Web3 Exec

Michael James, the head of institutional service advancement at Douro Labs– the business that established the Pyth high-speed blockchain oracle network– informed Cointelegraph that oracle networks like Pyth are interfering with the $50 billion monetary information market that supplies important rate details to exchanges, brokerages, trading companies, and other institutional entities.

In an interview at Agreement 2025, the executive stated that Pyth Network’s information pull design sets it apart from conventional prices oracles, permitting clients to spend for information as needed, decreasing expenses for organizations reliant on real-time market information.

According to the executive, the monetary information market is presently monopolized by around 8 significant companies that constantly raise rates on customers arbitrarily. James included:

” These information suppliers have no competitors in conventional financing, therefore they have all the prices power on the planet. There is no substitutability; whether you are a lender or hedge fund and you are trading basically– you still need to purchase that information for compliance factors.”

The high expenses of monetary information suppress development and forbid little to medium-sized organizations from participating in the international monetary services market, additional focusing the sector in the hands of a couple of big gamers and avoiding unique usage cases from emerging.

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Pyth experiences substantial development in 2024

The Pyth oracle network supplies real-time market information and rate feeds for cryptocurrencies, equities, foreign currency exchange markets (FOREX), products, and rates.

In December 2024, Pyth revealed the launch of real-time oil prices information on over 80 blockchain networks.

The real-time oil rate feeds track information from West Texas Intermediate (WTI) and Brent Petroleum, aggregating the information from numerous sources and clearing the course for energy derivatives instruments and energy trading to occur on blockchain rails.

Throughout 2024, Pyth network increased its overall worth protected (TVS), a metric that tracks the quantity of capital protected by an oracle network, 46-fold.

According to information from DeFiLlama, Pyth presently commands approximately 11.3% of the blockchain oracle market, up from the roughly 10.8% in market share reported in September 2024.

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