Michael James, head of institutional business development at Pyth developer Douro Labs, said Oracle networks like Pyth are disrupting the $50 billion financial data industry that provides critical price information to exchanges, brokerage houses, trading houses and other institutional entities, the Internet reported. The executive said Pyth Network's data-pulling model sets it apart from traditional pricing oracles, allowing customers to pay for data on demand, reducing costs for institutions that rely on real-time market data. Pyth will achieve significant growth in 2024 The Pyth Oracle Network provides real-time market data and price information for cryptocurrencies, stocks, the Foreign Exchange Market (FOREX), commodities and interest rates. In December 2024, Pyth announced the launch of real-time oil pricing data on more than 80 blockchain networks.