{"id":669864,"date":"2025-05-17T22:10:22","date_gmt":"2025-05-17T19:10:22","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/high-speed-oracles-disrupting-50b-finance-data-industry-web3-exec\/"},"modified":"2025-05-17T22:10:22","modified_gmt":"2025-05-17T19:10:22","slug":"high-speed-oracles-disrupting-50b-finance-data-industry-web3-exec","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/high-speed-oracles-disrupting-50b-finance-data-industry-web3-exec\/","title":{"rendered":"High-speed oracles disrupting $50B finance data industry \u2014 Web3 Exec"},"content":{"rendered":"<p style=\"float:right;margin:0 0 10px 15px;width:240px\">\n                        <img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmRlYTYtZmU3Yi03MGEyLWFiOWQtYWIyYzY5ZjAyODgx.jpg\" class=\"type:primaryImage\">\n                    <\/p>\n<p>Unsustainable costs and opaque pricing have created a major pain point for large financial institutions, Michael James told Cointelegraph.<\/p>\n<p><p>Michael James, the head of institutional business development at Douro Labs \u2014 the company that developed the Pyth high-speed blockchain oracle network \u2014 told Cointelegraph that oracle networks like Pyth are disrupting the $50 billion financial data industry that provides critical price information to exchanges, brokerages, trading firms, and other institutional entities.<\/p>\n<p>In an interview at Consensus 2025, the executive said that Pyth Network&#8217;s data pull model sets it apart from traditional pricing oracles, allowing customers to pay for data on demand, reducing costs for institutions reliant on real-time market data.<\/p>\n<p>According to the executive, the financial data industry is currently monopolized by around eight major providers that continually raise prices on clients arbitrarily. James added:<\/p>\n<p>Read more<\/p>\n<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/category\/general\/\" target=\"_blank\" >General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/high-speed-oracles-disrupt-50-billion-finance-data-industry?utm_source=rss_feed&#038;utm_medium=feed&#038;utm_campaign=rss_partner_inbound\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unsustainable costs and opaque pricing have created a major pain point for large financial institutions, Michael James told Cointelegraph. Michael James, the head of institutional business development at Douro Labs \u2014 the company that developed the Pyth high-speed blockchain oracle network \u2014 told Cointelegraph that oracle networks like Pyth are disrupting the $50 billion financial&#8230;<\/p>\n","protected":false},"author":1,"featured_media":669865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196dea6-fe7b-70a2-ab9d-ab2c69f02881","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75793,117],"class_list":["post-669864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-consensus","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/669864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=669864"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/669864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/669865"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=669864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=669864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=669864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}