High-Speed Oracles Revolutionize $50B Financial Data Industry

Michael James, head of institutional business development at Douro Labs (the company behind Pyth high-speed blockchain oracle network), highlights the transformative impact of oracles like Pyth on the $50 billion financial data industry. This industry provides critical price information to exchanges, brokerages, trading firms, and other institutions, with Pyth setting itself apart from traditional pricing oracles through its demand-pull model. This model allows customers to pay only for the data they need, reducing costs for institutions relying on real-time market data.