The Pyth Network is a decentralized oracle network. it provides real-time financial market data directly to blockchain applications (like DeFi platforms).

The vision of pyth is clear @Pyth Network is expanding beyond DeFi to tap into the $50B+ market data industry! Becoming the trusted, comprehensive source for institutional-grade data. $PYTH is ready for this massive growth.

@Pyth Network Phase Two brings a subscription product designed for institutional adoption, providing the high-quality market data they demand. This is how we onboard the next wave. #PythRoadmap $PYTH .

Basically in simpler form $PYTH network

is the key for contributor incentives and DAO revenue allocation, ensuring the network remains decentralized, secure, and the best source of data. #PythRoadmap

It quickly and securely takes real-time prices (for crypto, stocks, gold, etc.) from big, trustworthy financial firms (like major exchanges and trading companies) and feeds that information directly to applications on various blockchains.

Blockchain apps, especially those for trading and lending (DeFi), need to know the exact current price to work correctly. Pyth makes sure they have the best, fastest, and most reliable data possible.

They aren't just aiming to serve the crypto market; they want to become a core, trusted source of market data for the entire global financial industry, which is a huge business (the $50B+ market data industry).