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Pyth Network is a next-generation price oracle solution that aims to make valuable financial market data available on-chain for projects and protocols, as well as for the general public, via blockchain technology. The network aggregates first-party price data from a broad group of over 70 trusted data providers and publishes it for consumption by smart contracts and other on- or off-chain applications.

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Pyth upgrades infrastructure and restructures economic model

Odaily Pyth Network has announced a major strategic transformation: a comprehensive infrastructure upgrade and a shift in its economic model from token incentives to revenue-driven. According to two core proposals (OP-PIP-100, OP-PIP-103), Pythnet will be gradually shut down by 2026, with focus shifting to the next-generation underlying network Lazer. The OIS staking reward mechanism will be terminated (parameter Y set to 0), while the security slashing mechanism will be retained.Meanwhile, the PYTH Reserve has repurchased approximately 12 million PYTH using protocol revenue. Commercial products (Pyth Pro, Data Markets) have become the core growth drivers, with leading prediction markets such as Polymarket and Kalshi already integrated. Institutional adoption continues to rise.

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Pyth upgrades infrastructure and restructures economic model

Odaily Pyth Network has announced a major strategic transformation: a comprehensive infrastructure upgrade and a shift in its economic model from token incentives to revenue-driven. According to two core proposals (OP-PIP-100, OP-PIP-103), Pythnet will be gradually shut down by 2026, with focus shifting to the next-generation underlying network Lazer. The OIS staking reward mechanism will be terminated (parameter Y set to 0), while the security slashing mechanism will be retained.Meanwhile, the PYTH Reserve has repurchased approximately 12 million PYTH using protocol revenue. Commercial products (Pyth Pro, Data Markets) have become the core growth drivers, with leading prediction markets such as Polymarket and Kalshi already integrated. Institutional adoption continues to rise.