TL;DR: Phase 1 established @PythNetwork as the backbone of DeFi; Phase 2 extends that capability to banks, funds, and enterprises.
"What about numbers?"
- 60% market share in DeFi derivatives
- #1 oracle by cumulative transaction volume (over $1.6T)
- Integrated with over 600 protocols across more than 100 blockchains
- Delivered 1,800 price feeds for @etherealdex, @JupiterExchange, @MorphoLabs, @eulerfinance, @ethena_labs, and others
"How does Phase 2 impact $PYTH?"
@PythNetwork's new subscription model accepts payments in USD, stablecoins, or $PYTH. Revenue from subscriptions will now flow back into the Pyth DAO. Governance discussions include possibilities like token buybacks, revenue-sharing models, and mechanisms to reward publishers, users, stakers, and holders.
Despite its architecture (i.e. increased transparency, faster latency, and coverage of assets), $PYTH lags behind $LINK by 24x (isn't it crazy?)
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