High-speed oracles disrupting $50B finance data industry — Web3 Exec

Michael James, the head of institutional business development at Douro Labs — the company that developed the Pyth high-speed blockchain oracle network — told Cointelegraph that oracle networks like Pyth are disrupting the $50 billion financial data industry that provides critical price information to exchanges, brokerages, trading firms, and other institutional entities.

In an interview at Consensus 2025, the executive said that Pyth Network’s data pull model sets it apart from traditional pricing oracles, allowing customers to pay for data on…