In today's rapidly developing Blockchain technology, the accuracy of digital asset price information has become an important topic. The volatility of traditional stock markets sharply contrasts with the relatively delayed price updates on-chain. In the high-risk environment of Decentralized Finance (DeFi), a precise and real-time price indicator system is particularly important.

However, is such a system really reliable? In the complex digital world filled with information, who should we trust for the data provided? These questions have prompted people to reflect deeply on the existing sources of price information.

Pyth Network, as a decentralized first-party financial oracle, is dedicated to solving this problem. Its goal is to provide the most accurate and timely price information in the on-chain finance sector to replace unreliable hearsay.

In the DeFi ecosystem, accurate off-chain financial data is crucial. Many DeFi protocols require real-time access to information such as ETH/USD exchange rates and stock indices, but it is often difficult to find reliable, timely, and transparent data sources. This situation is akin to doing business in a global trade center while relying solely on second-hand information provided by intermediaries who are far away and whom one has never met.

Traditional oracle systems attempt to construct a comprehensive view of financial data by widely collecting information from various parties. However, this approach has obvious flaws: the diversity of information sources, which includes both large institutions and individual retail investors, makes it difficult to verify the authenticity of the data. Furthermore, the speed of information transmission across different channels varies greatly, further increasing the uncertainty of the data.

In the face of these challenges, the industry urgently needs a system that can provide more reliable and transparent price information. The emergence of Pyth Network is precisely to address this demand, aiming to bring more accurate and timely financial data to the DeFi world, thereby enhancing the efficiency and credibility of the entire ecosystem.