$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.

According to ChainCatcher, Zhao Changpeng posted on a social platform that I know I am not smart. When I don’t understand, I will admit it, and I often feel that those powerful people must have mastered some tricks that I don’t know in order to do what I can’t do. But occasionally, I will find that the most basic rules still apply. It is worth noting that Zhao Changpeng quoted the previous tweet that "DEX is not as good as CEX". In response, Zhao Changpeng specifically explained that in order to avoid confusion, the tweet had nothing to do with the HL incident. It was my previous experience trying to use AstherusHub on the BSC chain, a project in the Labs portfolio. They do not display forced flat prices and use automatic position reduction mechanism (ADL), so similar problems will not occur today.