Pyth Network 2025 Adoption Report: 100+ Chain Layouts, AI and Institutional Data as Growth Engines
The core growth logic of Pyth Network in 2025 revolves around 'multi-chain coverage + institutional data + AI integration' - by deeply collaborating with traditional financial institutions and AI companies, successfully penetrating oracle services into multiple fields such as DeFi, gaming, NFTs, etc., becoming a key hub connecting on-chain and off-chain data.
1. Core Data: Multi-Chain Expansion and User Surge
• Network Scale: Covers 100+ blockchains, integrates 437 applications, provides 3000+ price feeds (doubled compared to 2024);
• User Activity: Over 500,000 monthly unique wallets in August (40% year-on-year increase), daily updates of 1 million times, collaboration with the U.S. Department of Commerce brought in over 100,000 institutional queries;
• Economic Indicators: Q2 total collateral value (TVS) reached $5.31 billion (12% quarter-on-quarter increase), transaction fee revenue of $15 million (18% year-on-year increase), DeFiLlama ranking rose to #4 (TVL/Secured).
2. Growth Drivers: Institutional Data and AI Implementation
• Institutional Data On-Chain: Collaborated with Sygnum Bank to price over $1 billion in tokenized assets, U.S. Department of Commerce GDP data supports World Liberty Financial's USD1 stablecoin;
• AI Integration: Ozak AI integration enhances DeFi trading efficiency by 10 times, Entropy random number service supports over 500,000 gaming/NFT projects;
• DeFi Dominance: Annualized DEX trading volume of $2.5 billion, derivatives trading volume increased by 20% due to Gemini collaboration.
3. Future Challenges: Competition and Centralization Risks
Despite Pyth's leadership in multi-chain coverage and institutional collaboration, Chainlink's CCIP (Cross-Chain Interoperability Protocol) may divert market share; at the same time, the centralization of oracle queries (top 10% of nodes handling 80% of requests) may raise questions about decentralization. If Q4 Asian stock market data integration goes smoothly, TVS is expected to break through $10 billion.
