The oracle solution could witness another 10x increase in trading volume, due to organic, 'market-generated' growth.
Pyth’s leading role in futures perps can be attributed to the oracle solution’s permissionless and easy implementation model, according to Marc Tillement, the director of the Pyth Data Association.“The best is that our catalog of over 500 price feeds is available everywhere. So you launch on a new chain on day one and you can have over 100 crypto markets… They can do the update themselves. So it's a mix of on-demand plus permissionless.
Showcasing the oracle solution’s growth, Pyth Network surpassed $600 billion in cumulative trading volume, the companyA significant contributor to surpassing the $600 billion mark was the Ethereum layer-2 network Blast, Tillement explained:
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