NUGGETS OF ALPHA
PYTH is an oracle between networks, connecting the real world with blockchain
Oracles need to provide instant finality and real-time data that is super precise
PYTH price feeds continuously update every 300ms; Solana updates every 400ms
The price feeds technically can update to the native blockchain speed of the dApp
Most of the PYTH tokens are being made available for ecosystem growth, and publisher rewards
The PYTH project’s GitHub repository indicates over 150 contributors
In this next bull run, PYTH could generate significant data calls and revenue
25% of dApps on the blockchain already use PYTH
PYTH transactions growth is up and to the right during the early days of DeFi
No other oracle has as many daily wallet transactions or integrations in such a short time as PYTH
$5.04 is a potential bull price target over the next 2-3 years for PYTH
PYTH’s token launch was successful, trading at around $0.45 after three days
PYTH is tied at the hip to Solana, so the Pyth network will grow as SOL grows
As far as oracles go, PYTH is the fastest horse right now based on our valuation metrics
This is a series where I go deeper than any other analyst in crypto on the planet to tell you as an investor if it is worth it or not.
I follow a ten-point valuation process for the "Should I Buy" series. I find that being highly organized and structured helps in investing and in life.
The whitepaper was released with a good duration after launching the mainnet, which I consider a good thing. This means the team could study and refine what the whole business should do, as things have changed since the last cycle in both DeFi and the Oracle world.
PYTH provides real-world data on the blockchain that is critical for DeFi, RWA, tokenization, and exchanges. PYTH's role relies on the importance of precision and speed, which some of the older Oracles do not do well.
The PYTH Network has three different types of stakeholders that interact within the network:
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