In the data realm of Web3, a silent revolution is quietly unfolding. The Pyth network is redefining the ecosystem of on-chain data by launching an institutional-grade data subscription service. This strategic move not only marks an important milestone for Pyth but also signals unprecedented rise opportunities for the entire blockchain data industry.

The launch of the institutional-level subscription service reflects Pyth's profound insight into the demands of the high-end market. Compared to traditional oracle solutions, this service has reached new heights in stability, verifiability, and real-time performance. It provides large institutional users with high-frequency, low-latency on-chain data feeds, while ensuring the economic sustainability of the ecosystem through an innovative token settlement mechanism.

Pyth's influence has become quite significant: spanning over 60 blockchain networks, providing services for more than 400 decentralized applications, and handling hundreds of billions of data requests daily. With the launch of institutional subscription services, this data will exhibit exponential rise. Institutional users not only require more frequent data calls but also need larger volumes of data support, which directly drives the demand for PYTH tokens.

What is even more noteworthy is that this service is driving the entire ecosystem to expand into broader fields. It not only attracts traditional Web3 participants such as quantitative trading firms, hedge funds, and derivatives platforms, but also extends its reach into the traditional financial sector. Through the innovative Pull model, institutions can precisely obtain the required price data according to their own needs, breaking the dependence on a single centralized data source.

Pyth's initiative is not just a technological advancement, but a sign of the entire Web3 ecosystem moving towards maturity. It creates a win-win platform for data providers, developers, and users, promoting the entire industry towards a more efficient and transparent direction. As more and more institutions participate in this ecosystem, we have reason to believe that Pyth is paving the way for the future of Web3, ushering in a data-driven new era.