$PYTH {spot}(PYTHUSDT) #PythRoadmap pyth@PythNetwork As a next-generation oracle infrastructure, Pyth Network demonstrates strong growth momentum in the oracle market with its pull-based oracle architecture and network of over 120 institutional data publishers. Collaboration with the US Department of Commerce enhances institutional credibility. Technically, the market remains neutral. **Technical Advantages**: - **Pull-Based Oracle Model**: 400ms update frequency, far exceeding the 10-60 minutes of traditional push-based oracles - **Multi-Chain Coverage**: Supports 107+ blockchains, with significant network effects - **Data Source Directness**: 120+ first-party data publishers provide prices directly, eliminating reliance on intermediaries **Government Partnership**: The US Department of Commerce has selected Pyth to verify and distribute GDP data on-chain, enhancing institutional credibility **Enterprise Integration**: Deep integration with high-frequency decentralized exchanges (DEXs) such as Drift, Kamino, and CAP Finance, enabling millisecond-level derivatives pricing Revenue Model - **Update Fees**: Payments in PYTH tokens are made when smart contracts pull prices - **Premium Subscription**: Access to enterprise-level stock and ETF data requires staking PYTH - **Staking Income**: Oracle Integrity Staking (OIS) offers approximately 8% annualized returns Conclusion Pyth Network, with its differentiated pull-based oracle architecture and robust network of institutional publishers, demonstrates strong growth potential in the oracle market. Collaboration with the US government has validated its technological credibility, while multi-chain expansion and DeFi integration provide sustainable growth momentum. *Note the risk of unlocking in 2026. We recommend managing risk through phased position building and appropriate stop-loss orders. Pyth is expected to be a significant beneficiary of oracle infrastructure in the next cycle.